Shiba Inu Hints of Shibarium Update Spikes SHIB Trading Volume by 28%

The Shiba Inu (SHIB) ecosystem has reached a significant milestone with its Layer-2 blockchain, Shibarium, officially burning 1 billion SHIB tokens. This event, combined with ongoing developments, is fueling renewed interest in the memecoin.

As per the data from Nomics, the trading volume of SHIB rose by 28% earlier today. This is probably due to the hints of a Shibarium update by lead Shiba Inu developer. These hints suggest potential enhancements and new features for the Layer-2 solution, driving anticipation among investors.

Shibarium keeps making the headlines, with numerous indicators rising to record levels. Notably, Shibarium's transaction count jumps by 54%, signaling a spike in network engagement. SHIB token burn rate soars by over 22,000% alongside a transaction surge, yet, despite the protocol’s progress, Shiba Inu’s price is in the red today (November).

The increased transaction volume and soaring burn rate suggest growing utility and potentially reduced circulating supply, factors that could positively influence SHIB's price in the long term. The Shiba Inu price prediction for 2025 shows significant bullish momentum right now as recent Shibarium updates and also accelerating burn rates drive SHIB toward the $0.0001 mark, according to some analysts. Investors are closely watching for further announcements and developments regarding the Shibarium update.