Shiba Inu's burn rate has skyrocketed by 2,033.51% in the last 24 hours, with over 5.7 million SHIB tokens removed from circulation. This significant increase in burn activity has also seen the weekly burn rate climb by 438.54%, totaling nearly 70 million tokens burned. The surge in burn rate coincides with a recent rise in Shiba Inu's price, driven by a broader recovery in the crypto market and Bitcoin's upward trend. Investors are closely monitoring Shiba Inu for a potential breakout above the $0.000017 mark, which could indicate the end of a prolonged consolidation phase. Meanwhile, the Shiba Inu development team has successfully addressed a recent Shibarium bridge exploit, neutralizing the affected delegation and ensuring network security.