Shiba Inu Burn Rate Jumps 505% on Christmas as SHIB Price Holds Near $0.00000719

On Christmas, Shiba Inu's burn rate reportedly surged 505.74%, with 5,984,918 SHIB destroyed over a 24-hour period while the token traded around $0.00000719. Despite the headline jump in burns against a backdrop of over 410.75 trillion SHIB already removed from the initial supply, the price action stayed slightly negative and continued to reflect a pattern of lower highs into late December.