Shiba Inu, a cryptocurrency often touted as a competitor to Dogecoin, has caused a stir in the market with a surge in its burn rate. The Shiba community has reportedly burned millions of SHIB tokens in the past day, leading to increased optimism for the token's future. The data from Shibburn shows that 33.88 million SHIB tokens were burned in the last 24 hours, marking a 906.27% increase in the burn rate. The price of SHIB has also seen a bullish run, rising 5.34% in the past 24 hours to reach $0.000009521.