The recent increase in transactions in Shibarium has attracted the attention of experts and investors. Consider the increase in user activity, the possibility of price increases for SHIB, and changes in the token burning strategy.
Surge in Shibarium Transactions
From May 1 to May 2, 2025, Shibarium transactions increased by 27%, reaching over 3.1 million. This data from Shibariumscan highlights the growing interest in the platform.
Price Speculation for SHIB
Crypto analyst Javon Marks suggests that the surge in transactions could push SHIB prices up to $0.00003. He linked this to the network activity observed in recent data.
Impact on SHIB Burn Rate
As a result of the transaction increase, the burn rate of SHIB tokens has risen by over 25,353%. The reduction in circulating supply may create upward price pressure. Significant increases of 228.41% in large transactions valued at $17 million were also noted, suggesting heightened interest from investors.
The increasing activity on Shibarium, alongside the heightened burn rate of tokens, underscores the growing user engagement and may impact future price dynamics for SHIB.
