From $10 to $1 million: Shiba Inu's burn rate explodes by 38,000%, igniting bullish hopes
If you had invested just $10 in Shiba Inu $SHIB on August 2, 2020, and cashed out at its all-time high on October 28, 2021, you would now be making a life-changing profit of $1 million. This represents a staggering return of 10,303,317.81%, showcasing the immense potential of SHIB during its historic surge.
Now, the SHIB community is thriving with optimism again, thanks to the astonishing burn rate increase of 38,299% recorded on May 1, 2025. According to data from Shibburn, 283.74 million SHIB tokens were burned in just 24 hours, with one wallet responsible for destroying 263.70 million SHIB.
This recent burn raises the total burned supply to new record levels, enhancing long-term bullish sentiment. By removing coins from circulation and sending them to a dead wallet, the Shiba Inu burn mechanism permanently reduces supply, which is a key factor in driving potential price increases over time.
SHIB is currently trading around $0.000013, maintaining strong support at $0.000012. While the short-term price impact remains weak, the law of supply and demand indicates increasing upward potential if burn operations continue at this pace.
With the support of the SHIB army for consistent token burn operations and stable market conditions, many in the cryptocurrency space are now wondering: Could another SHIB miracle be on the horizon?
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