Shiba Inu has captured market attention with its recent burn of 71.18 million SHIB tokens, valued at $1,151, conducted over seven transactions. This burning event led to a 4,000% surge in the token's burn rate, eclipsing prior records. Token burning, which involves permanently removing tokens from circulation, aims to reduce supply and potentially drive up price. The big question remains: Will these burns significantly impact SHIB's market value?
