Shiba Inu (SHIB) has seen a remarkable surge in its token burn rate, with 179.66 million tokens burned in the last 24 hours and a total of 823.41 million tokens eliminated over the past week. This marks a 3,651.09% increase in daily burn activity and a 2,639.08% rise over the week. Despite this significant reduction in supply, SHIB's price remains under pressure, currently trading at $0.00000957, reflecting a 0.96% decline in the past 24 hours. Analysts believe that if the burn momentum continues, it could eventually have a positive impact on the token's price.