*From \$10 to \$1 Million: Shiba Inu Burn Rate Soars 38,000%, Fueling Fresh Bullish Sentiment**
If you had invested just \$10 in Shiba Inu (\$SHIB) on August 2, 2020, and sold at its peak on October 28, 2021, you would have made around \$1 million. That’s an unbelievable return of over 10 million percent — a clear sign of SHIB’s explosive growth during its historic run.
Now, the Shiba Inu community is excited again after an enormous 38,299% spike in the token’s burn rate on May 1, 2025. Data from Shibburn shows that nearly 283.74 million SHIB tokens were burned in just 24 hours, with one wallet alone destroying 263.70 million SHIB.
This major burn pushes the total amount of destroyed SHIB to new highs and strengthens bullish sentiment for the long term. Burning tokens means they are sent to a dead wallet and removed from circulation forever, reducing supply — a key factor that could help raise prices in the future.
At the moment, SHIB is trading around \$0.000013 and has strong support at \$0.000012. While the price hasn’t reacted sharply yet, basic supply-and-demand economics suggest there’s room for growth if such large burns continue.
With the SHIB community actively supporting token burns and market conditions improving, many investors are now asking: Could another Shiba Inu breakout be coming soon..