In the last week, the cryptocurrency Shiba Inu (SHIB) saw a huge increase in the number of tokens being burned, with a 338% rise compared to before. This means millions of SHIB tokens were destroyed on purpose. Token burning is when some tokens are taken out of circulation permanently, reducing the total number available. Shiba Inu is doing this to make its tokens more valuable in the long run.

The surge in token burning shows that Shiba Inu is serious about reducing the supply of its tokens. This week, 200,591,910 SHIB tokens were burned, which is a lot more than before. Although fewer tokens were burned each day, the overall increase for the week was significant. In addition to burning tokens, Shiba Inu has also seen a big increase in the amount of money flowing into accounts held by large holders, also known as whales.

Despite these developments, the price of SHIB has not changed much recently. It's currently at $0.00002256, which is a tiny decrease over the last day. However, there's a crucial level that many SHIB addresses are watching closely. Around 45 trillion SHIB tokens are being held in this range. If the price drops below this level, it could lead to further declines. On the other hand, if it goes above, there's another range of resistance to contend with.

In conclusion, Shiba Inu's recent token burning spree has attracted attention, but the price remains stable for now. The community is keeping a close eye on key levels to see where the price might go next.