Shiba Inu's burn rate has surged by 500.68%, with 10.49 million SHIB tokens burned in a single transaction, according to Shibburn data. Despite this significant burn activity, the total circulating supply remains over 585 trillion tokens, highlighting the challenge of impacting SHIB's price through burns alone. The recent burn comes as Shiba Inu faces a 5.1% price drop, trading at $0.000007181. Increased sell pressure and reduced whale activity have contributed to the decline, with open interest falling by over 8% in the past 48 hours. Critics argue that without consistent and substantial burns, the mechanism's impact on price remains limited.