Shiba Inu Burn Rate Skyrockets 57,069%, But Why Did This Whale Burn 1M SHIB?
Portfolio Pulse from
Shiba Inu (SHIB) has seen a dramatic 57,069% increase in burn rates, with a single whale burning 1 billion coins. Large transaction volumes have expanded by 236.5%, and daily active addresses increased by 51.8%. The cryptocurrency is preparing to launch SHIB Pay, a payment feature for online stores, potentially increasing its utility.
March 27, 2025 | 12:00 pm
News sentiment analysis
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POSITIVE IMPACT
Significant coin burns and increased transaction volumes suggest growing investor interest and potential price momentum for SHIB.
The extraordinary burn rate, large whale transactions, and upcoming SHIB Pay feature indicate positive sentiment and potential price appreciation.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100