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>>A key Shiba Inu metric reaches a new all‑time high, yet SHIB’s price stays in the red.

A key Shiba Inu metric reaches a new all‑time high, yet SHIB’s price stays in the red.

crypthub

about 6 hours ago

Ecosystem Growth

Shiba Inu’s team announced that SHIB holders hit a record 1,585,022, up 1,100 in one day. Daily active addresses surpassed 150,000 and trading volume neared $130 million. These metrics suggest growing interest and could help stabilize demand during volatility.

Burn Mechanism

The burn rate surged, removing just under 3.3 million SHIB (a 7% daily rise) and pushing total destroyed coins toward 411 trillion, valued at about $7.35 billion. A large share stems from Vitalik Buterin’s 2021 burn of roughly 410 trillion SHIB. Reducing supply is intended to make the token scarcer and support price appreciation.

Market Pressure and Price Decline

Over 133 billion SHIB left exchanges recently, yet exchange reserves climbed to 82.2 trillion, the highest since January, raising selling pressure. Daily transactions on Shibarium fell to only a few thousand, indicating waning ecosystem activity. SHIB now trades around $0.00000637, a 50% drop year‑to‑date, with market cap at $3.7 billion, slipping to the third‑largest meme coin.