Business activity around the Shiba Inu (SHIB) has been very dynamic. Here's a summary of what's happening:

Volume: There has been a large volume of SHIB traded in the last 24 hours. The reported figure is $4.3 billion1.

Market Cap: SHIB's market cap is currently around $12.3 billion, which indicates a significant size for the M1 token.

Price Action: The price of SHIB has seen fluctuations, with a general increase over the past week1.

Token Burning: A total of 3.7 million SHIB tokens were burned in the past day, meaning they were permanently removed from circulation2.

Token burning is a common mechanism used in cryptocurrencies to reduce the supply and potentially increase the value of remaining tokens. Recent activity indicates that there may be an effort to influence the price or market dynamics of SHIB by reducing its supply. This can attract attention and speculation, contributing to noticeable volume and price changes. Always remember to research carefully and consider the volatility of MIM symbols before making investment decisions.