From $10 to $1,000,000: Shiba Inu Burn Rate$SHIB Skyrockets 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 have made a life-changing profit of $1,000,000. This represents a staggering return of 10,303,317.81%, highlighting SHIB’s massive potential during its historic surge.
Now, the SHIB community is once again filled with optimism, thanks to a jaw-dropping 38,299% increase in the burn rate 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 alone.
This recent burn pushes the total burned supply to new record levels, reinforcing long-term bullish sentiment. By permanently removing tokens from circulation and sending them to a dead wallet, Shiba Inu’s burn mechanism reduces supply — a key driver of potential price increases over time.
SHIB is currently trading around $0.000013, holding strong support at $0.000012. While short-term price impact remains limited, the law of supply and demand suggests rising upside potential if burns continue at this pace.
With the SHIB Army consistently backing token burns and market conditions stabilizing, many in the crypto space are now asking: Could another SHIB miracle be on the horizon?
