June 22 (Cointime) - The burn rate of Shiba Inu coins has increased by a staggering 6,936% within the last 24 hours, with 341 million SHIB coins being moved to dead wallets. The majority of the burned coins were transferred in a single transaction to an anonymous wallet.

The price of SHIB has also risen by over 13% due to the recent surge of Bitcoin and updates related to the Shiba Inu ecosystem, including the upcoming release of the "Worldpaper" and a partnership with Champion Apparel. The meme coin PEPE has also seen a surge in price by approximately 38%.