Reportedly, the rate at which meme-inspired cryptocurrency Shiba Inu ($SHIB) is being burned has soared by over 3,000%. According to Shiba Inu burn tracker Shibburn, Shiba Inu’s burn rate rose 2936.73% on Monday, September 12 after the meme-inspired cryptocurrency’s users sent over 200 million tokens to unknown wallets which effectively removed the tokens from circulation.