Shiba Inu Burn Rate Surges 6,200%: Can Shiba Inu Price Realistically Reach $1? The Shiba Inu ($SHIB) ecosystem is attracting significant attention after a 6,200% surge in its burn rate, sparking discussions about whether the token can reach its ambitious $1 price target. This significant increase in token burns underscores the community’s commitment to reducing supply and enhancing long-term value.