Shibarium, Shiba Inu’s layer-2 scaling solution, showed signs of revival with daily transactions reaching nearly 4,500 on August 9, the highest level since July 10. However, this resurgence remains far from the community’s expectations for a strong price reaction. The amount of coins stored on exchanges has risen to approximately 87.5 trillion, its highest level since the end of June, suggesting increased selling pressure. The burn rate dropped by 75% over the past week, further complicating bullish prospects.
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