The Shiba Inu team has been actively pursuing a token burning strategy. This approach aims to decrease the circulating supply of SHIB tokens, thereby potentially driving up the token's price. Current market conditions have caused a decline in SHIB's value, but there is optimism that upgrades to the Shibarium Network could lead to a price rally.
Shiba Inu's strategy to reduce token supply aims to counter market challenges. While the token's value has recently dipped, enhancements to the Shibarium Network are anticipated to support a potential rebound. This dual approach of burning tokens and upgrading the network is seen as a way to enhance the attractiveness and value of SHIB.