Shiba Inu (SHIB) experienced a significant increase in its weekly burn rate, rising by 1,983.45% as 46,235,753 tokens were destroyed. This reduction brings the total supply down to 589 trillion from its original 1 quadrillion. Despite the weekly surge, daily burns remain at 0%, with 11,052,930 SHIB burned in the last 24 hours. Traders are closely monitoring SHIB's ability to maintain its $0.000007 support level amid current market trends. The token's performance is being watched alongside other altcoins as the market continues to evolve.