Shiba Inu has taken the spotlight with a massive surge in its burn rate, with over 7 million SHIB tokens burned in the last 24 hours alone. This sharp rise in token burns marks a jaw-dropping 10,021.65% increase in the daily burn rate, sparking excitement within the Shiba Inu community. However, despite these efforts to reduce the coin’s total supply, Shiba Inu’s price continues to face a downward trend.