Shibarium, the Shiba Inu layer 2 blockchain, continues to burn SHIB tokens through ShibTorch despite relatively quiet activity. The automated burning mechanism converts BONE-based transaction fees into SHIB, permanently removing tokens from circulation. The daily burn rate surged by 2,842%, with 113.63 million SHIB removed in 24 hours. Over the past seven days, 147.05 million SHIB have been incinerated, bringing the total holder count to 1,678,912.
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