Shiba Inu’s burn rate surged 2,349% in the last 24 hours, yet this dramatic jump translates to only about $5 worth of SHIB burned, or roughly 1.10 million tokens. This outsized percentage stems from near-zero burn activity in the prior period, where a small transaction can produce a massive percentage increase. Over the week, the burn rate fell 83.47% with 79.85 million SHIB destroyed, while the monthly rate rose 84.73% with 749.93 million tokens burned. SHIB trades at $0.000005, up 2.33% in 24 hours but down 6.58% over seven days, amid heightened inflation concerns weighing on crypto markets.
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