**Cryptocurrency News**

- Shiba Inu (SHIB) surged over 10% to hit a two-month high with a market cap of $9.7 billion.

- The recovery is due to Shibarium's progress and a 640% increase in token burn rate, which reduces supply and fuels optimism.

- About 50.3% of SHIB investors have made a profit, while 43% remain in the red.

- Almost 80% of holders purchased SHIB more than a year ago.