Shiba Inu Burn Rate Rockets 2,349% but Just $5 Burned: What's Happening?

Shiba Inu 's daily burn rate has jumped 2,349%, but the real figure behind the surge remains surprising. Despite the sharp rise, the total value of Shiba Inu tokens burned during the reported period amounted to just about $5. According to the Shibburn page, Shiba Inu burn activity rose 2,349% in the last 24 hours, with 1.10 million SHIB burned in the timeframe, amounting to just $5 in monetary terms. This highlights how a relatively small number of token burns can produce a striking percentage increase when activity in the preceding period is low. The burn rate alone does not reveal how many tokens were destroyed. If there was little or no burning in the prior period, a small transaction can cause a large percentage increase.

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