SHIB Witnesses 1,088% Surge In Token Burns, Price Shoots Up

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As per the data shared by the Shibburn tracker, the burn rate of SHIB has shot up significantly with a 1,088% surge in token burns, rising together with the SHIB price. Despite the impressive surge in this key metric, the amount of meme coins burnt by the SHIB community was not major, as it comprised slightly less than 100,000 SHIB meme coins. Over the last 24 hours, the Shiba Inu price has seen a massive increase, rising by almost 6% – from $0.00001307 to the $0.00001385 price level. Moreover, Shibarium has finally surpassed a new ATH of 418 million transactions.