The Shiba Inu burn rate has skyrocketed 16,500% in the past 24 hours, amidst its price decline. The community collectively burned 21.5 million SHIB tokens across multiple transactions. One wallet address grabbed the spotlight emerging as the biggest contributor to the burn rate spike as it transferred 21.31 million SHIB tokens to a dead wallet in one transaction. The cumulative amount of SHIB tokens burned has reached an impressive total of 410.72 trillion. 

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