Despite Shiba Inu (CRYPTO: SHIB) prices pulling back, burn rates and whale transactions are surging and fueling optimism for the meme coin's next move.
Trader Notes: Post Shiba Inu's 15% rally in yesterday trading session, crypto trader Javon Marks believes SHIB's momentum remains strong despite its recent breakout. If the rally continues, he projects a 415% surge toward $0.000081.
Statistics: Shibburn data shows the burn rate rising by 57,069.02% in the past 24 hours, as more than 1 billion SHIB coins were permanently removed from circulation.
This included a single transaction burning 1 billion coins.
In an X post on Thursday, marketing lead Lucie revealed the same whale who burned 1 billion SHIB also burned another 1 billion over three days, along with 700 BONE and LEASH tokens.
IntoTheBlock data shows Shiba Inu large transaction volume expanding by 236.5% in a single day, while daily active addresses zoomed higher by 51.8%.
Transactions greater than $100,000 went up from 65 to 164 in a single day. Shibariumscan data reflects daily transactions have remained consistent at 3.8 million.
In an X post on March 21, IntoTheBlock data showed that Shiba Inu's percentage of long-term holders (75.8%) is ahead of Bitcoin and Ethereum.
Community News: Shibarium Updates announced SHIB Pay, a feature that will enable crypto payments for online stores without banks or middlemen. Lower transaction fees, faster settlements, greater control and global reach are benefits of SHIB Pay.
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