Shiba Inu Burn Rate Surges 441%, Token Price Climbs 22%

The Shiba Inu network has seen a significant surge in token burn activity over the past 24 hours, with 41.8 million SHIB tokens permanently removed from circulation.

This represents a 441% jump in the daily burn rate compared to prior sessions, marking one of the sharpest increases in recent weeks.

The burn event coincides with a broader recovery across the cryptocurrency market and a renewed wave of interest in meme coins.

SHIB has climbed 22% over the last day, extending a rebound that began last week. The token has held above the $0.000005 level despite weeks of pronounced volatility, a threshold that market participants view as psychologically significant.