SHIB Burn Rate SurgeThe Shiba Inu or SHIB burn rate has been fluctuating, with some days showing higher numbers while other days showing a decline. However, recently, the burning rate has shown relative stability, with daily burning of millions of SHIB consistently. Also Read: Good News for ShibArmy, Will Shibarium Be Released Next Week? Here's the Developer's Answer According to the latest data from Shibburn, the SHIB burn rate has surged by 36,210% amid positive market conditions. Shibburn data shows that 173.2 million SHIB have been sent to dead wallets in the last 24 hours. One of the large transactions that occurred 19 hours ago sent 100 million SHIB to a dead crypto wallet. Community Reaction and Crypto Market Impact This spike in burn rate gave the SHIB community a sigh of relief from the decreasing burn rate. This increase in burn rate comes at a time when Shiba Inu is performing better compared to the past few weeks. CoinMarketCap data shows that SHIB is trading at $0.000008169, with a drop of 1.2% in value in the last 24 hours. Nevertheless, this spike in burn rate could be a positive indicator for SHIB's future.