The Shiba Inu (SHIB) community is rallying for the token’s inclusion in the proposed U.S. strategic crypto reserve, following former President Donald Trump’s mention of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP as potential assets.

Lucie, Shiba Inu’s marketing lead, said on March 2, “SHIB. Never Say Never.”

This sparked discussions among SHIB supporters, who believe the token’s growing ecosystem strengthens its case for being part of the reserve.

In the last 24 hours, 872,753 SHIB were burned, reducing the total supply. Despite this, the burn rate has dropped by 93.59%, signaling a slowdown in token removals. Shiba Inu's circulating supply stands at 4.9 trillion SHIB.

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, noted optimism about the possibility of a Shiba Inu ETF following the recent DOGE ETF filing.

"An ETF for SHIB is now one step closer due to the approval of Ethereum’s ETF. This is a significant milestone for both ETH and SHIB," Kusama told The Shib Daily.

SHIB has seen a fresh burn of 20 million tokens, aiming to reduce its massive circulating supply.

According to on-chain tracker Shibburn, an anonymous whale initiated a large burn as part of a 20.79 million SHIB burn transaction, increasing the daily burn rate by 34.24%.

SHIB is currently down from its post-election high of $0.00003340. SHIB has a 589.25 trillion token supply, making it difficult to create significant deflationary pressure.