Shiba Inu (SHIB) has seen a significant increase in daily transactions, surging by 99% to over $135 million, indicating heightened investor activity. On June 4, a burn rate exceeding 10,000% removed about 370 million SHIB tokens from circulation, potentially boosting the token’s value. The price of SHIB rose by 10%, trading around $0.00002612 per token, with whale activity suggesting major transactions and investor involvement. Approximately 73% of SHIB’s circulating supply is controlled by these influential players. Shibarium, a Layer-2 scaling solution, has processed over five million blocks by the end of May, improving transaction speeds, reducing fees, and enhancing scalability.