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Shibarium Celebrates Christmas With Epic Transaction Milestone
In a shocking turn of events, the Shibarium project has reached an astonishing 700 million transaction milestone just in time for Christmas. This remarkable achievement coincides with an unexpected surge in the price of Shiba Inu (SHIB), which has seen a significant increase of 3.52% in the past 24 hours.
As of this writing, SHIB is being traded at $0.00002305, up by 15.78% to market volume of $707.72 million. It’s clear that investors’ confidence remains high and bullish, despite some concerns about the token’s recent activity.
However, a more pressing issue has come to light, as Shibarium has achieved this price uptick at an enormous cost – over seven million SHIB tokens have been sent to dead wallets in the last 24 hours. According to data from Shibburm, this massive burn has resulted in a staggering 7,309,654 SHIB being incinerated.
While this development may seem concerning to some, analysts are quick to point out that this drastic measure is necessary to manage supply and price value. If SHIB can sustain its current momentum, a substantial rally might be on the horizon for the dog-themed meme coin.
It remains to be seen whether Shibarium’s transaction milestone will have any lasting impact on the market or if this is simply a temporary blip on the radar of crypto enthusiasts. One thing is certain – SHIB has once again captured the attention of investors worldwide, and its future prospects are looking brighter than ever.
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Source: u.today
