This week started negatively for the cryptocurrency market, with various tokens attempting to regain ground after recent downturns. Shiba Inu (SHIB), a well-known meme coin, experienced a decrease of over 1.5% in the past 24 hours.
Despite the price drop, SHIB's burn rate saw a significant surge, increasing by over 65,500%. This spike indicates a large amount of SHIB tokens have been removed from circulation.
