Shiba Inu has seen an explosive increase in its burn rate, surging by a staggering 4,100% in just 24 hours. A total of 21,709,094 SHIB tokens have been permanently removed from circulation, indicating strong support among the community towards decreasing the total supply. This rising burn rate may enhance the long-term value proposition of Shiba Inu, as scarcity could drive demand. Investors and enthusiasts should watch these developments closely to gauge the impact on their investments.