According to IntoTheBlock data Shiba Inu 41% of owners are currently making a profit. The post in question also analyzes on-chain metrics, showing that the sentiment is bullish.
As we reported as Koinfinans.com, while large transactions grew by 3.10% according to on-chain metrics, the net growth in the network was 0.29% in a ‘positive’ direction. While SHIB was trading at $0.00001084, it gained 2.67% in the last 24 hours and up to 34% in the last 30 days. The daily transaction volume is around 238.91 million dollars, this data has increased by over 9% in the last 24 hours.
Lucie, the official marketing manager for the Shiba Inu team, made an announcement that added to the positive sentiment on the meme coin. Lucie announced that 8,471,583,707 SHIB tokens worth a total of $90,857 were burned.
Good News of Two Giant Burns in a Row from the Leading Meme Coin: Rate Jumps 67.324%!
This increase in the burning of Shiba Inu tokens has been received very positively by both the community and investors. This move aims to increase the price by narrowing the supply in circulation and to attract the attention of investors. The team continues to implement initiatives aimed at improving SHIB’s overall sustainability and market dynamics.