SHIB Burn Rate Surges 140% as 6.75 Million SHIB Burned in 24 Hours

Digitaltrends AI Reporter reports that SHIB sent 6.75 million SHIB to a dead wallet, causing the daily burn rate to spike 140%. According to blockchain media Tuesday, the volume moved to a null address, which cannot be reclaimed. Total burned SHIB now stands at 410.840395512922 billion, with 41.08% of the initial 1 trillion issued tokens burned. Remaining tokens account for 58.92%. This week's burn transactions reached 21,193, surpassing 21,000. Recent 7-day burn volume totaled 4.375 million, while 30-day cumulative burn is 267.58 million. SHIB price rose 0.96% to $0.00000417 in 24 hours but fell 4.87% week-over-week. This volatility coincided with mixed U.S. economic data, including lower-than-expected producer and consumer prices, and underwhelming weekly unemployment claims. The Michigan Consumer Confidence Index hit 54.4, surpassing the Dow Jones forecast of 50.5. SHIB is already on Japan's JVCEA green list, making it a potential beneficiary of recent regulatory reforms due to easier listing conditions for crypto platforms.