The Shiba Inu community has witnessed a significant milestone as a large number of tokens were burned in a single day. This burn rate surge has surprised the community, with hundreds of millions of tokens being taken out of circulation. The burn rate jumped by an astonishing 499,416%, setting a new record. The spike in burn rate was primarily driven by a single transaction originating from the Coinbase exchange, which sent a massive 261.4 million tokens to the burn address. This transaction alone accounted for around 98% of the total tokens burned so far. Despite this impressive burn rate, there is still a long way to go, as over 50% of the total SHIB supply remains in circulation. However, the Shiba Inu community remains optimistic, with a strong bullish sentiment and the potential for price increases in the future. While it may take decades to reach a price of $0.1, the community believes that the price could once again reach its all-time high of $0.00008 in a bull market.