Recent data reveals that Shiba Inu (SHIB) has burned about 146 million tokens to maintain its place in the top 10 cryptocurrencies by market capitalization. This strategic move aims to enhance the scarcity of the meme coin and increase its value. The burns contribute to deflationary pressure on SHIB, making each remaining token more valuable over time. Currently ranked 10th, SHIB has achieved a market capitalization of $19 billion and experienced a remarkable surge of 128% over the past seven days, driven by market hype and anticipation of updates to the Shiba Inu ecosystem.