Following recent developments, Shiba Inu has successfully surpassed the $0.00002501 mark and gained 9.4% in market value over the last 24 hours. Despite previous losses, the cryptocurrency is now exhibiting a positive performance for the week. The BTC Whale Accumulation Effect played a crucial role in boosting investor confidence, with whales injecting $2,802,500,000 into the market by purchasing 47,500 Bitcoin tokens when the price dipped. This led to a subsequent increase in the price of Bitcoin and meme coins like Shiba Inu.

Additionally, the hard fork upgrade of Shiba Inu's blockchain, Shibarium, has expedited transactions and stabilized gas fees for the community. The listing of the SHIB/JPY pair on Binance Japan has further bolstered Shiba Inu's global price, driving up to $0.00011 on the exchange. Other factors contributing to the price surge include new margin trading pairs introduced by Kraken and a significant purchase of Shiba Inu tokens by a whale on Robinhood.

Moreover, the partnership between MoonPay and PayPal has enabled millions of U.S. residents to purchase Shiba Inu tokens, leading to increased demand. On-Chain analytics reveal that despite the token's low value, over 65,000 Shiba Inu wallet addresses hold 733 trillion SHIB tokens in profit. The recent surge in Shiba Inu's burn rate, with 29.11 million tokens destroyed in the last 24 hours, aims to enhance the token's economic model by reducing the overall supply. Combined, these developments have propelled Shiba Inu's price upwards significantly throughout the week.