<ul><li>The SHIB burn rate increased by 857% in the past week, removing over 551 million SHIB from circulation.</li><li>The largest burn occurred on March 15, when 459.2 million SHIB were destroyed in a single transaction.</li><li>Despite the increase in burns, the SHIB price showed only a modest 4% recovery, raising questions about its long-term impact.</li><li>Shibarium, the layer-2 blockchain solution of SHIB, plays a role in the burn operations by applying fees paid through transactions.</li></ul>

SHIB Burns Surge 857% as 551M Coins Destroyed, But Price Stalls

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