Shiba Inu Burn Rates Explode: Is a Major Price Rally Brewing?

Shiba Inu (SHIB) has seen a surge in investor interest following a massive increase in its token burn rate. On April 30, 2025, data reveals over 280 million SHIB tokens were destroyed in a single day, leading to a staggering 37,937 percent spike in the daily burn rate and reducing the circulating supply to approximately 584.4 trillion tokens. While the price only saw a mild increase from $0.00001280 to $0.00001336 within 12 hours, this significant burn has fueled speculation about an upcoming rally.