A surge in the Shiba Inu community’s efforts to reduce its circulating supply is impacting the price of SHIB, which has experienced both growth and decline over the past week. The community’s burn rate has skyrocketed, with 219,849 SHIB tokens burned within the last 24 hours alone, representing a 211% increase from the previous day. This impressive burn activity adds to the already existing efforts of reducing SHIB tokens in circulation. While this burning spree is contributing to shrinking supply, the price has remained volatile with ups and downs throughout the week. Large transactions have also significantly impacted SHIB’s price by sending millions of coins into