According to CryptoPotato, despite the recent poor performance of Shiba Inu's price, some key indicators related to the second largest meme coin by market value have risen sharply. According to IntoTheBlock data, SHIB's daily active addresses have soared to more than 3,500, an increase of 13%. This upward trend may indicate an increase in demand for assets and rising investor interest. If the supply remains unchanged or does not grow as fast as demand, this trend may have a positive impact on the price of Shiba Inu.
It is worth noting that the team behind Meme Coin has adopted a burning mechanism designed to reduce the circulating supply. Data shows that more than 410 trillion SHIB tokens have been destroyed (about 41% of the maximum total supply). In addition, the further development of Shibarium may also have a positive impact on SHIB prices. Shibarium, a second-layer blockchain solution designed to increase Shiba Inu speed and reduce fees, recently broke the 360 million mark in total transactions and approached 1.5 million wallet addresses.
