SHIB burning reaches all-time high According to data shared by Shibburn, the burn rate of SHIB tokens skyrocketed in the past 24 hours, reaching an astonishing growth rate of 144,045% - the highest in a long time. This surge in burning activity not only set a daily record, but also benefited from the continuous efforts of the Shiba Inu community, contributing to a significant increase over the week. The burn rate increased by 144,045% in the past 24 hours, with over 20,412,993,510 SHIB tokens permanently removed from circulation by being sent to unspendable blockchain wallets. The massive burn was primarily driven by one transaction, which burned 20,206,247,000 SHIB. In addition to this significant transfer, two smaller transactions burned 18,998,748 SHIB and 2,520,176 SHIB, respectively. Over the past week, a total of 4,251,012,135 SHIB tokens have been burned, with a weekly burn rate increase of 1,990.39%. The Shiba Inu community warmly welcomes these developments, with a wave of bullish comments emerging.