🚀 Daily active addresses for Shiba Inu (SHIB) have increased significantly, indicating growing interest and a potential price rally.
• According to IntoTheBlock data, SHIB daily active addresses increased by 13% to over 3,500.
• This trend could have a positive impact on the price of Shiba Inu if the supply remains the same or does not increase at the same pace.
🔥 Additionally, a burn mechanism has been adopted that aims to reduce the circulating supply of SHIB.
• According to data, 410 trillion SHIB tokens (approximately 41% of the maximum total supply) were destroyed.
🌐 The development of a layer-2 blockchain solution called Shibarium may also positively affect the SHIB price.
• Most recently, the total number of transactions exceeds 360 million, while wallet addresses are approaching the 1.5 million level.