CoinMeta data: According to U.Today, the burn rate of Shiba Inu has surged by 428,862% in the past 24 hours, reaching the highest level of the month. Although the burn activities of Shiba Inu were relatively stable in the previous few days, the recent significant increase has drawn the attention of market analysts. According to the latest data from the Shiba Inu burn tracker Shibburn, over 1 million SHIB were destroyed in the past day. Compared to its average daily burn volume, the 1.4 million SHIB burned in the past day seem relatively low. However, the slowdown in activity in the previous few days led to such a substantial surge. The surge in the burn rate of Shiba Inu coincides with the broader crypto market beginning to recover from the extreme fluctuations of last week, and Shiba Inu has also rebounded from recent lows, rising by about 3% in the past day, with the current trading price approaching the key level of $0.000005.