$SHIB has seen a significant 1500% burn rate increase in the past 24 hours, with 33 million tokens burned from circulation.

This surge is attributed to the community’s ongoing efforts to reduce supply and increase demand, supporting expectations of a price rise to $0.001.

Additionally, the Shiba Inu ecosystem is expanding with new partnerships, such as PlayFi Studios’ collaboration to launch “play-to-earn” games on the Shibarium platform, further enhancing the ecosystem’s appeal.

Currently, $SHIB is priced at around $0.00002284, with a market cap of $13.45 billion, and a daily trading volume of $481.84 million.