**SHIB Update: Price Drops, But There’s Hope! 🐶**

- Shiba Inu (SHIB) has been on a tear recently, despite having risen 40% in the past two weeks. SHIB is currently trading around $0.00001861, down 4% in a day according to CoinGecko data.

- This drop coincides with the stagnation of the Shibarium network. Daily transactions, new accounts, and new contracts have all declined since September 27.

- Large transaction volumes (over $100,000) have also fallen by more than 50% in the past 24 hours, now below $40 million.

- However, there is some good news! The SHIB burn rate has jumped 3,600% in the past week, with over 2 billion tokens burned. This could create scarcity and increase the value of the remaining tokens.

What do you think about the future of SHIB? Let’s discuss in the comments section!