In the past 24 hours, the Shiba Inu Community has removed 8 million SHIB from circulation through a single transaction, causing a 3500% surge in the overall burn rate of SHIB. However, it's important to note that the recent surge appears massive in comparison to the meager 250,000 SHIB burned on April 19th. In the past 7 days, the community has taken out 1.8 billion SHIB from circulation through multiple transactions. The total supply of SHIB is currently 589.36T, with the community having burned 410.63T and only 574.02T in circulation. The remaining 15.34T has been staked onto the ShibaSwap DEX by long-term investors.

(By ZABI)