Shiba Inu Surges 4.641% as Transaction Volume Hits New High

Shiba Inu's latest price was $0.00001499, up 4.641% in the last 24 hours. This surge in price is indicative of the significant activity and growth that Shiba Inu has been experiencing within the cryptocurrency market. The meme coin has seen a substantial increase in transaction volume, with over 6.71 trillion SHIB tokens moving through the network in a single day. This marks a new seven-day high for large transaction volumes, indicating a potential bullish shift in the market. The heightened activity suggests renewed investor confidence and a possible trend reversal in the coming months.

Shiba Inu has also reached a new milestone with its holder base crossing 1.5 million wallets. This significant increase in the number of holders shows that the meme coin remains a major player in the cryptocurrency space. The total number of wallets holding Shiba Inu on their balances was 1,507,445 at the time of writing, already up more than 300 wallets after Lucie’s post. Additionally, total transactions that have been carried out on the contract had surpassed the 15 million mark, sitting at almost 15.5 million. This growth in the holder base and transaction volume indicates that Shiba Inu continues to attract new investors and maintain its relevance in the market.

One of the major developments for the Shiba Inu community is the upcoming launch of Bury 2.0. This is a staking mechanism from the SHIB team that allows community members and investors to stake the four tokens native to the Shiba Inu platform. Lucie outlined the advantages of Bury 2.0 in another X post, explaining why it is different from other staking mechanisms. The first major reason given for why Bury 2.0 is superior is the fact that it allows stakers to have real voting power in the ecosystem. When users stake SHIB, TREAT, BONE, or LEASH, they get veTokens, eg veSHIB, veTREAT, veBONE, and veLEASH. These veTokens then allow takers to vote on things such as funding, decisions, etc. Additionally, the longer a user has their tokens staked, the more power their vote commands.

Another advantage of the Bury 2.0 platform for the Shiba Inu community is that it allows them to access decentralized finance (DeFi) features such as yield farming, liquidity pools, and more. In this case, the staked tokens are actually being put to work instead of sitting idle. The third reason given is that the rewards to stakers in Bury 2.0 continues to evolve. This means that the rewards for staking are not just fixed. So the longer that tokens are staked, chances of rewards such as airdrops, giveaways, and loyalty bonuses are increased. Lastly, staking in Bury 2.0 allows for localized control for the stakers. Lucie explains that each state can launch its own custom veTokens. As such, they can help with decisions and receive rewards for their own state, while being able to create their own rules and priorities. “Bury 2.0 turns passive holders into active Shibizens,” Lucie explained. “It encourages long-term commitment, real participation, and builds a community that’s stronger, smarter, and more involved.”

Shiba Inu’s latest burn rate surge, hitting an impressive 4,833%, indicates increased accumulation and potential breakout pressure in the crypto market. Whale inflows alongside significantly low volatility signal robust accumulation and enhanced market stability. Open Interest and short liquidations bolster SHIB’s bullish breakout prospects. Shiba Inu’s momentum surged as the 24-hour burn rate spiked by 4,833.89%, revealing a renewed wave of community activity and token destruction. This dramatic uptick suggests heightened efforts to reduce SHIB’s circulating supply, often viewed as a bullish signal. Meanwhile, overall market sentiment appears to have shifted positively, supported by steady price appreciation. Whale accumulation has intensified, with large holder netflow soaring by over 6,050% in the last seven days. This level of accumulation indicates that large investors are confident in Shiba Inu’s potential for growth and are positioning themselves to benefit from any future price increases.