Per the data from Shibburn.com, the SHIB burn rate has been up 1395.89% in the last 24 hours. This spike comes after the community collectively sent 37.4 million SHIB to the burn wallet. Moreover, just two transactions accounted for about 85% of the 37.4 million SHIB burn. SHIB is up by 5.11% at the time of writing, trading for $0.000008854 with a 549 trillion SHIB circulating supply.