news 
Title: 83% of SHIB Addresses Still in Loss: Here’s What It Means
The Shiba Inu community has been abuzz with recent burn activity, which saw a surprising surge just a day earlier. The sudden and significant spike in burns has led to a sharp swing in the burn rate, with over 110 million SHIB being destroyed. This dramatic shift may be indicative of shifts in community coordination or broader market sentiment.
On a more positive note, Shibarium – the Layer-2 blockchain solution for SHIB – has achieved an impressive milestone by surpassing one billion transactions. According to data from ShibariumScan, the network processed an astonishing four million transactions within a 24-hour period alone, signifying robust activity and growing adoption. The total number of blocks has now crossed ten point two million, while active addresses have reached nearly nineteen-four million.
These metrics provide evidence of increasing adoption of Shibarium, which may potentially offer a counterbalance to the current market challenges faced by SHIB holders.
However, despite this positive development, it’s essential to consider the broader context. According to recent data, an astonishing eighty-three percent of all SHIB addresses remain in loss.
Source: https://u.today/83-of-shib-addresses-still-in-loss-heres-what-it-means
