Shiba Inu has seen an incredible 2200% increase in its burn rate, resulting in the destruction of 14.58 million tokens. This action reduces the total supply to 589.26 trillion. Despite facing a minor daily decline in price, SHIB has maintained a robust 30% monthly price gain and currently trades at $0.00002386. This significant movement indicates a strong interest from investors and the potential for increased value in the future. The rise in the burn rate signals a growing commitment within the community to enhance the token’s scarcity, which could contribute to driving the price upwards further. Investors remain optimistic about the token’s prospects as the market continues to evolve.