Shiba Inu's burn rate has experienced a dramatic surge, increasing by 836,955% in just 24 hours, with 920,761 SHIB tokens burned. Over the past week, a total of 229.6 million SHIB tokens have been burned, reflecting a 1,290% increase in the weekly burn rate. This significant rise in the burn rate, despite the relatively small volume of tokens involved, has captured the attention of traders and the Shiba Inu community. The increased burn activity is seen as a potential catalyst for future price movements, as it reduces the overall supply of SHIB tokens in circulation.