Shiba Inu’s burn rate has taken a massive leap, surging over 8,000% in just 24 hours, reflecting strong community involvement and the crypto market’s rebound after a recent crash. On-chain data shows this surge coincides with renewed investor optimism, driving significant asset offloading from exchanges. The impact of this increase is substantial – over 5.7 million SHIB were burned in a single day. This activity comes alongside growing price recovery and accumulation behavior observed across the market. While key figures like Shytoshi Kusama and Kaal Dhairya are instrumental in Shiba Inu’s strategy, their recent statements regarding the burn rate surge remain absent.