Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer’ Shiba Inu (CRYPTO: SHIB) experienced a dramatic surge in its token burn rate, skyrocketing over 2500% in a single day. What Happened: The surge comes as 53.29 million SHIB tokens were permanently withdrawn from circulation. According to data sourced from Shibburn, throughout 2023, the Shiba Inu community has actively participated in self-induced token depletion practices, ridding the ecosystem of over 76 billion SHIBs by transferring them to irretrievable wallet addresses. The marketing lead for Shiba Inu, Lucie, took to X to inform the SHIB com…
