Shiba Inu burning speed skyrocketed by 7000%

The burn rate is currently at an increase of 6936.88%, indicating a rapid decrease in token supply. In the last 24 hours, $341,504,230 in SHIB tokens were burned.

This has led to a significant increase in market capitalization, which currently stands at $4,811,489,983, representing a 10% increase. Additionally, SHIB's price has also increased significantly, with a current value of $0.00000809, reflecting an increase of 8.53%. Coinmarketcap shows that over the past seven days, it has increased by as much as 22.24%.