Shiba Inu (SHIB) 🐕, which left behind major cryptocurrencies with a 20% price increase in the last week, draws attention with the significant increase in the token burning rate and the updates to Shibarium. Could SHIB be preparing for a bull run? 🚀

SHIB exchange reserves fell this week to around 150 trillion assets, the lowest level recorded since February 2022, according to CryptoQuant data. This decline means fewer Shiba Inu tokens are available for trading, which could lead to potential price appreciation if demand increases or remains the same. 📈

Additionally, the increase in Shiba Inu cremation rate and the advancement of layer-2 blockchain solution Shibarium also indicate that the price of the asset may be poised to rise in the short term. Shibarium aims to reduce transaction costs and increase speed and scalability.

So do you think SHIB is preparing for a bull run? We are waiting your comments! 💬👇