Shiba Inu Price Sell-Off Continues as SHIB Burn Rate Skyrockets to 112,000%

Shiba inu's (SHIB) supply-side dynamics are screaming bullish, yet the second-largest joke cryptocurrency by market value trades under pressure.Early this week, SHIB's burn rate surged to over 112,000%, with more than 116 million coins transferred to wallets that cannot spend money. In other words, these coins were permanently taken out of circulation. The daily burn rate refers to the number of SHIB tokens permanently destroyed or removed from circulation each day source: https://www.coindesk.com/markets/2025/06/15/shiba-inu-price-sell-off-continues-as-shib-burn-rate-skyrockets-to-112-000