Shiba Inu's burn rate skyrocketed by 1,567% within 24 hours, with over 1.15 million SHIB tokens removed from circulation. This significant increase marks a departure from a recent slowdown, indicating a resurgence in community engagement. Despite the heightened burn activity, SHIB's price dipped by 1.47% during the same period. The surge in burn rate has drawn attention from traders, although the overall market sentiment remains unchanged, as reflected by the neutral position of the fear and greed index. This suggests that while the burn rate has increased, it has not yet influenced broader market perceptions.