Shiba Inu Burn Rate Surges 439%, Over 10 Million Tokens Destroyed

The Shiba Inu community has seen a significant surge in burn rates, with 10,684,707 tokens destroyed in the last 24 hours. This marks a 439.79% increase from the previous day's burn rate.

The total number of SHIB burned in the last seven days now stands at 173.37 million, while over 3.36 billion have been burned in the last 30 days. The burn rate has skyrocketed by 2811.38% during this period.

The Shiba Inu price, however, remains down 1.26% in the last 24 hours and 7.38% on a weekly basis. This is in line with most cryptocurrencies, which have seen modest gains after the Senate confirmed it would not vote on the Digital Asset Market Clarity Act before its August break.