Shiba Inu's daily burn rate has skyrocketed by over 31,700% this week, with 72.23 million SHIB tokens being burned in the last 24 hours.
This massive increase is largely due to a 69.38 billion SHIB token burn originating from Coinbase, one of the largest crypto exchanges.
Over the past seven days, 111.41 million SHIB have been burned, while 476.96 million SHIB were burned in the last 30 days.
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