Shiba Inu (CRYPTO:SHIB) experiences a remarkable 18,000% surge in its token burn rate within just one day, leading to the removal of 658 million tokens from circulation.

This surge reflects renewed investor interest in SHIB despite recent market volatility.

The total value of burned SHIB tokens amounts to approximately $14,385, contributing to a reduction in the circulating supply.

As a result, SHIB's price sees a 5.9% increase, reaching $0.00002352, while its market capitalisation rises to $13.9 billion, highlighting the impact of the burn mechanism on its value proposition.

Additionally, the SHIB ecosystem expands with new payment methods on Shibarium, further enhancing its utility and accessibility.