Shiba Inu Surges 11.951% Amid Burn Rate Decline, Whale Activity Spikes

Shiba Inu's latest price was $0.00001433, up 11.951% in the last 24 hours. The meme token has recently experienced a significant decline in its burn rate, which has raised concerns among investors. Shibburn, a platform that tracks SHIB burns, reported that only 62 million tokens were burned in the past week. The reasons behind this slowdown are unclear, but it could be due to market skepticism or shifting investor sentiment. The burn rate has been a crucial factor in SHIB's long-term growth strategy, as it reduces the circulating supply and potentially increases the token's value. However, the recent decline suggests that investors may be accumulating tokens in anticipation of a price rally, influenced by broader market uncertainty.

Despite the decrease in burn activity, there are encouraging signs within the Shiba Inu ecosystem. The total value locked (TVL) in Shibarium, Shiba Inu's layer-2 network, has reached $3 million for the first time since late March. This increase is driven by the growing utility of Shiba Inu's blockchain, which is transitioning from a meme coin to a project with real value. Decentralized applications (dApps) such as ShibaSwap and WoofSwap have seen significant growth, contributing to the expanded TVL. Additionally, Shibarium's transaction volume and address count continue to rise, with over 1.13 billion transactions and more than 206 million addresses. This increased activity indicates that SHIB's use case extends beyond speculative trading, positioning it as a leading player in the decentralized finance (DeFi) ecosystem.

Shiba Inu's ecosystem has also seen a surge in large holder inflows, with funds entering whale addresses increasing by 2,952%. This significant buying activity suggests that many addresses are purchasing tokens on centralized exchanges and transferring them to cold storage. Spikes in large holder inflows can also signal price bottoms, as large holder addresses tend to buy in size following significant drops. Other whale measures, such as the Large Holder Netflow metric, have also increased, highlighting a shift in large holder behavior. This surge in large holder activity may indicate a more significant bullish shift in the background, with 6.71 trillion SHIB tokens moving through the network in the past 24 hours, setting a new seven-day high for the volume of large transactions.

Recent discussions around Shiba Inu have raised concerns about a potential market crash following the dumping of 13 trillion SHIB coins by whales. Data from Santiment indicates that the supply of SHIB held by large investors has decreased from 743 trillion to 730 trillion, reflecting a trend of declining whales' activity this year. This situation has created an opportunity for a rival meme coin, FloppyPepe (FPPE), to capitalize on SHIB's loss. FloppyPepe stands out for its commitment to providing holders with sustainable income opportunities through its Floppynomics, which includes blockchain activities such as staking and using AI tools. This focus on providing consistent rewards sets it apart from typical meme coins that rely on unpredictable price spikes for profit. The presale debut of FloppyPepe comes at an opportune moment, as the integration of AI agents into its ecosystem aligns perfectly with the current trend in the crypto market.