This past week saw a sharp surge in weekly token burns within the Shiba Inu ecosystem, drawing investor attention even as price weakness continued to dominate the charts. According to Shibburn, a monitoring platform dedicated to Shiba Inu burns, a total of 37.52 million SHIB tokens were permanently removed from circulation over the last seven days. Despite this significant uptick, sustained selling pressure across the broader crypto market has dragged SHIB’s value down to its lowest levels in recent months.