🔥 Shiba Inu Price Prediction: Will 65,529% Burn Spike Boost SHIB’s Value?
Shiba Inu price gains momentum as SHIB burn spikes and Shibarium activity rises, potentially driving further market growth and stability
Shiba Inu (SHIB) price has shown resilience, navigating market volatility as the broader crypto landscape fluctuates. Over the past month, the SHIB price recorded a 17% increase, fueled by positive market indicators.
This momentum highlights increasing network activity, daily transactions, and ecosystem expansion, positioning SHIB for potential gains as the market outlook improves.
🔸 Shiba Inu Price Sees Boost as SHIB Burn Rate Surges by 65,529%
Shiba Inu’s burn rate has soared, marking an impressive 65,529% increase over the past 24 hours. According to data from Shibburn, which tracks SHIB burn transactions, the Shiba Inu community successfully burned over 2.65 million SHIB tokens, transferring them to unusable blockchain wallets. These burns, conducted across six separate transactions, reflect the community’s efforts to reduce circulating supply.
The largest two burns from the anonymous wallet carried 1,519,776 SHIB and 1,518,909 SHIB tokens and occurred approximately 22 and 5 hours ago, respectively. This burn activity marks a significant step in the Shiba Inu ecosystem’s ongoing mission to increase token scarcity. Enthusiasts view these burns as a potential catalyst for long-term price stability and value growth.
Shibarium blockchain is experiencing significant growth, with a sharp increase in active accounts and daily transactions. Currently, the network is handling an impressive 4.77 million transactions each day. This surge in activity highlights the growing adoption of Shibarium within the cryptocurrency community.
