According to CryptoPotato, Shiba Inu has recently shown a bullish trend, with increased ecosystem activity and a sharp increase in token destruction rate, aimed at increasing its scarcity and value. The rise in SHIB prices reflects the overall market recovery and indicates growing investor interest in Meme coins. Data shows that the total number of blocks of Shibarium (a second-layer expansion solution designed to elevate SHIB above its competitors) has exceeded 3.4 million. The wallet address currently exceeds 1.3 million, and the total transaction volume is close to 400 million. Shiba Inu's destruction rate has also become a focus, with a daily growth rate of up to 1,900%, resulting in more than 100 million tokens being removed from circulation. The Shiba Inu and Shibarium teams aim to simplify the rather complex destruction process (both manual and automatic destruction), and recently introduced "a transformative token mechanism" to automate the entire system. Other indicators of SHIB have also surged in the past 24 hours, including aggregated transaction volume (more than $100,000 per transaction) and daily active addresses. The former increased by 120% and the latter increased by more than 160%.

#Shibarium