The Shiba Inu (SHIB) token saw a dramatic surge in its burn rate, increasing by 1300% on April 24, 2025, coinciding with the price reaching $0.00001352. This substantial increase in the burn rate signals a decrease in circulating supply and is expected to drive market interest. The community-led initiative has been a key driver behind this activity. The SHIB army’s efforts have resulted in over 20,000 SHIB tokens being burned, highlighting their commitment to long-term value sustainability. While the exact impact of the recent burn is still unfolding, many anticipate positive market reactions and potential price gains. Experts suggest that increased demand for SHIB may lead to a significant rise in its market capitalization. However, historical data suggests that rapid gains following burn events can often be followed by corrections. Nevertheless, ongoing whale accumulation, as indicated by active trading activity, reveals sustained interest and a potentially different trajectory for this time around. For more information on the SHIB burn events, visit the Shibburn site.