The Shiba Inu🔥🔥🔥 ($SHIB ) burn rate has indeed skyrocketed, with a staggering 3,200% increase. This surge in token burning has removed over 6.7 million SHIB tokens from circulation, which could potentially drive up the price.

👉Historically, significant burn rate increases have led to substantial price movements, such as the 1000% burn rate surge that occurred earlier.

Some notable instances of SHIB's burn rate surges and their impact on the price include:

👉1041% burn rate increase: Resulted in over 6.7 million SHIB tokens being permanently removed from circulation.

👉856% burn rate increase: Led to approximately 6.27 million tokens being burned.

👉150% burn rate surge: Occurred after the Shibarium update, which reduced bridging time from 7 days to 45 minutes.#Shibburning