Shiba Inu is witnessing a significant jump in its burn rate, with an incredible 3839% increase within the past 24 hours. This surge led to approximately 88 million Memecoin tokens being destroyed, driving up the price by 6%. Notably, a single whale wallet accounted for over 85,957,545 tokens being burned, significantly contributing to this spike in burn rates. 1. The increase in the SHIB burn rate is generally considered positive as it indicates greater sustainability for the token. 2. Historically, burn rates have played a significant role in SHIB’s price growth. This latest burn event, along with prior large burns by other whales, suggests persistent efforts to reduce circulating supply, potentially driving future price increases. 3. The Shiba Inu community is aware of this trend. Recent data reveals that the current total supply is around 589 trillion, and over 410 trillion have been burnt since its inception. 4. With these consistent burn actions and growing market interest, the Memecoin’s price may experience further upward movements in the near future.