Shiba Inu (SHIB/USD) is currently experiencing a surge in positive momentum, driven by robust network activity and a notable increase in interest from large investors. This bullish trend is further underscored by recent announcements from the marketing lead, hinting at promising developments for the project.
Recent data from IntoTheBlock indicates a significant uptick in transactions exceeding $100,000, climbing from 10 transactions on February 10th to 24 transactions on February 11th. Over the past seven days, Shiba Inu has seen a 7.3% increase in trading activity.
Moreover, insights from Shibarium Scan reveal a remarkable surge in daily transactions, soaring to 2.04 million on February 11th from just 526,090 on February 9th. This surge is accompanied by a notable rise in active accounts, reaching 732 on February 11th compared to 482 on February 9th.
In addition, the burning rate of tokens has spiked by 75% in the past 24 hours, with a single transaction burning 25 million tokens on Monday, according to Shib Burn data. This brings the total number of burnt tokens to 410.7 trillion, leaving a total supply of 589.3 trillion.
U.Today has reported a staggering 2,595% surge in inflows from large holders for Shiba Inu, with inflows skyrocketing from 275.2 billion SHIB on February 7th to 2.31 trillion SHIB on February 9th. This influx of large investors suggests significant buying activity and may signal potential price rebounds following substantial corrections.
This surge in interest and activity comes at a crucial time for Shiba Inu, as NOWNodes, a prominent Shibarium validator, recently announced that the ecosystem is open to new projects. This move paves the way for the integration of promising tokens into the network, with developers working diligently to facilitate this process.
Lucie, the marketing lead for Shiba Inu, has expressed optimism about Shibarium’s future, emphasizing collaborations with partners to strengthen the ecosystem. Lucie highlighted assets like $SHIB, $BONE, and $LEASH, indicating that Shibarium is poised for significant growth. With the Shibarium community showing resilience and determination, Lucie believes that the platform is on the brink of a major breakthrough.
