The Shiba Inu (SHIB) token has seen a surge in significant transactions totaling $110.53 million over the last 24 hours, according to stats automatically generated by the on-chain platform IntoTheBlock. Despite this impressive figure, the token saw a downturn in prices, dropping 11%, from $0.00001195 to $0.00001 over the day. Taking an interesting twist, instead of these major participants opting to divest their SHIB holdings as expected, data from Large Holders Inflow showed that in fact they moved to beef up their stocks by a 407% margin, amounting to 6.32 trillion SHIB. Evidently, some smart traders had capitalized their earlier wins when Shiba Inu (SHIB) witnessed an extraordinary 45% surge at the beginning of December.
Adding to the equation, the Shiba Inu (SHIB) team activated a burn powered by Shibarium over the weekend, ravaging 8.61 billion tokens equivalent to a value of $87,099. Commenting about it, lead developer Shytoshi Kusama reported confirmation of this second Shibarium-galvanized burn. Plus, on his Twitter page Kusama continued to highlight how crucial Shibarium-transactions truly are to the Shiba Inu (SHIB) ecosystem.
Giving reason for sanguineness to investors and skeptics alike, Kusama mentions that consecutive Shibarium-spurred burns will go some way to levels of adoption and has hinted that more commitments to this metamorphic will
