• Approximately 455 million Shiba Inu tokens have been burned in the last 24 hours, a 1,322.79% rise in burn rate within a day.
• Shiba Inu is one of the tokens that have engaged in token burns to remove a large number of coins in circulation, thereby limiting supply and maintaining relevance.
• The high burn rate is likely due to the rise in network activity following the PuppyNet release.
• Token burns push the asset’s price by reducing the circulating supply, creating scarcity. However, Shiba Inu witnessed price declines over the past week.

The article reports on the significant increase in the burn rate of Shiba Inu tokens, which is likely due to the launch of the Shibarium beta testnet, PuppyNet. While token burns are expected to push the asset's price by reducing the circulating supply, Shiba Inu has witnessed price declines over the past week. Overall, the sentiment of the article is neutral.