Every time SHIB makes the news, it’s either because someone’s wallet just got fatter… or because the community pulled off another huge burn. Right now, it’s the second one. The Shiba Inu burn rate just spiked by over 1,800% in a single day, that’s not a typo. Millions of tokens are gone, permanently.

For any crypto that relies on hype and community momentum, a burn that big is like throwing petrol on a fire. It instantly shifts sentiment. And yes, the market noticed. SHIB has managed to hold above $0.000013 lately, even ticking upward for a few sessions in a row. Small gains, but it shows there’s still life in it.

Burns alone don’t guarantee a moonshot, though. A lot depends on whether Shibarium, the project’s layer-2, can pick up activity again. Right now, its total value locked has dipped, which isn’t the best sign. At the same time, the broader market is giving SHIB a bit of a tailwind, Ethereum’s back above $4,000, and meme coins tend to ride that wave.

So will this burn be the spark that sets off a bigger move? It’s possible. If the market keeps leaning bullish and Shibarium usage starts climbing again, SHIB could surprise a few skeptics. But the truth is, the chart still has some resistance zones to clear before anyone can talk about a real rally.

For now, the burn rate is the kind of headline that keeps SHIB in the spotlight, and in crypto, attention is half the battle.