The burning rate of Shiba Inu (SHIB) tokens increased by 8500%, resulting in the removal of approximately 86 million tokens from circulation. Increasing flaring activity and network development could drive SHIB's price higher. More than 41% of the asset's maximum supply has already been destroyed. Last month, the Shiba Inu team introduced a “transformational token burning mechanism” aimed at automating the entire system. The successful execution of the combustion mechanism and further development of Shibarium could have a positive impact on the SHIB price, which is up 2.5% in the last 24 hours and almost 5% in two weeks.