The latest SHIB burn data has once again ignited a tidal wave of optimism surrounding the renowned dog-themed meme crypto, Shiba Inu. Notably, the meme coin’s supply continues to take a blow, as indicated by a nearly 3,400% upsurge in the burn rate on Tuesday. Besides, it also comes as the investors anticipate a further rally in the crypto’s price, indicating market optimism amid an ongoing monthly price rally of over 70%.