Posted 12/4/2023, 12:39:08 PM
Shiba Inu Burns 500M Tokens as Whales Accumulate and Network Growth Spurs Optimism
- Shiba Inu's weekly burn rate surged over 900%, eliminating over 500 million SHIB tokens
- Shibarium layer-2 network saw a 500-fold increase in daily transactions, reaching 20 million
- A whale recently accumulated over $5.7 million worth of SHIB from Binance
- SHIB price hit a 3-week high earlier this week, tapping $0.00000965
- Although SHIB price is flat, network growth signals potential for future price increases