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Shibarium Transactions Surge 27% in 24 Hours

Solomon M. by Solomon M.
May 4, 2025
in Altcoin News
financial growth oil painting
Key Points:
  • Transaction surge, price predictions, no leadership comments.
  • SHIB transaction growth accelerates.
  • Increased burn rate affects supply.
shibarium-transaction-surge-and-impact-on-shib
Shibarium Transaction Surge and Impact on SHIB

Shibarium transactions surged by 27% to reach over 3.1 million from May 1 to May 2, 2025, as reported by Shibariumscan.

The marked increase in transactions highlights Shibarium’s growing user engagement and its potential pricing influence.

Transaction Surge Sparks Price Speculation

Shibarium saw a sharp rise in transactions, reaching 3.1 million—a 27% increase within a 24-hour period according to Shibariumscan data. This surge reflects the growing interest and utilization of Shiba Inu’s Layer-2 solution.

Crypto analyst Javon Marks suggests this transaction surge may push SHIB prices upwards to the $0.00003 range. Marks has linked this to increased network activity observed in recent data. Javon Marks, Crypto Analyst, noted, “The SHIB price could rally to the $0.00003 range, representing a potential 100% increase.” – Source

Impact on SHIB’s Burn Rate and Large Transactions

Immediate effects include a spike in SHIB’s burn rate by over 25,353% as per Shibburn data. This reduction in circulating supply may create upward price pressure for SHIB tokens.

Financial indicators reveal a 228.41% increase in large SHIB transactions, valuing at $17 million. This reflects heightened interest and potentially strategic accumulation by investors or whales.

Shibarium’s transaction increase could potentially result in price growth for SHIB if these trends continue. Historical trends suggest such spikes often correlate with subsequent price movements and enhanced market engagement.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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