- ShibaInu burn rate exploded over 112,000% in one day, driven by massive token burns, rising whale activity, and a surge in Shibarium transactions.
- Recent upgrades and a new Web3 gaming partnership are fueling SHIB’s growing utility and long-term potential.
ShibaInu (SHIB) is back in the spotlight with a jaw-dropping burn rate spike of 112,839.2% in just one day, sending bullish signals throughout the crypto space. But what’s fueling this sudden inferno? A mix of increased whale activity, Shibarium expansion, and a strategic dive into Web3 gaming could be the answer.
Massive Burns and Whale Activity Spark Interest
In a stunning display of token reduction, SHIB saw three major burn transactions within just nine hours, including one that torched 97.6 million tokens. This rare spike in burns occurred simultaneously with a 93.3% surge in large transaction volume, according to IntoTheBlock.
SHIB whale transactions — defined as trades over $100,000 — jumped from 47 to 58 in a single day, signaling renewed interest from deep-pocketed investors.
Shibarium Sees Record-Breaking Activity
On the Layer-2 front, Shibarium is flexing its muscle. Daily transactions surged to 4.5 million, continuing a wave of growth that began on June 6, when the network crossed the 3.5 million transaction milestone.
This growth is a strong indicator of increased adoption and real-world utility of SHIB’s ecosystem — crucial for long-term sustainability.
Upgrades, DeFi Push, and Web3 Gaming
Adding fuel to the fire, the ShibaInu team announced a major upgrade, introducing auto-burn features and precision liquidity pools for more efficient DeFi operations. These innovations aim to enhance token utility while optimizing capital deployment.
In another bold move, SHIB has partnered with TokenPlayAI, an AI-powered Web3 gaming platform. The partnership will debut a Shiba-themed game, with plans to evolve into a full-fledged SHIB arcade, marking SHIB’s aggressive entry into decentralized gaming.
With its price holding steady near the critical $0.000012345 level — just above this year’s projected lows — Shiba Inu is showing technical resilience. Combine that with soaring burns, whale support, and strategic innovations, and it’s clear SHIB isn’t just another meme coin anymore — it’s becoming a serious player in the crypto space.
