The price of Shiba Inu (SHIB) has risen by almost 5% in a day as the lottery continued to grow. This trend closely correlates with the sharp increase in price. In this regard, the community is employing a strategy to reduce the total supply in hopes of raising the token's price.

Over the past week, the deflationary strategy of Shiba Inu coins has shown incredible results. The community is ramping up efforts by burning a total of 1.526 billion SHIB tokens. This is an increase of 3863.25% in token burn this week compared to the previous one.

Additionally, over the last 24 hours, 1.071 billion tokens have been removed from circulation, which is an increase of 295.73%.