Shiba Inu's token burn rate has skyrocketed by 1,993% in the past 24 hours, resulting in the elimination of over 10 million SHIB tokens from circulation. This significant increase in burn activity coincides with a 2.15% rise in SHIB's price, now trading at $0.00001011. The heightened burn rate and price movement come amid growing institutional interest, highlighted by T. Rowe Price's filing for the first U.S. Shiba Inu ETF. This proposed ETF includes SHIB alongside major cryptocurrencies like Bitcoin, Ethereum, and Solana, indicating a broader acceptance of Shiba Inu in institutional investment circles.