Shiba Inu's SHIB burn activity rebounded sharply, with a latest report citing 20.82 million tokens sent to dead wallets and the daily burn rate rising by over 1,020%. An earlier account recorded 20.95 million SHIB for the latest 24-hour period. The increase followed several days of weaker activity, during which daily burns fell from more than 40 million SHIB on August 23 to 2,551,224 SHIB on August 29. Weekly burns totaled 85.48 million SHIB, down 46.20%, while 607.34 million SHIB was burned over 30 days. Overall, 410,844,015,547,496 SHIB has been burned from the initial 1 quadrillion supply across 21,690 transactions. SHIB was up 0.81% over 24 hours as traders weighed Federal Reserve Chairman Kevin Warsh's comments on inflation and the increased probability of a September rate hike. The token remains below its daily MA 200 at $0.00000538, with resistance at $0.00000553, $0.00000575 and $0.00000623, while support is being tested near $0.000005. SHIB is down 6.85% for the week but up 9.77% in August, putting it on track for its second positive month since June.