The Shiba Inu ecosystem is experiencing contrasting developments, with a dramatic collapse in its token burn rate coinciding with a major network upgrade for its Layer-2 blockchain, Shibarium. According to data from the Shiba Inu burn tracker portal, the daily SHIB burn rate has collapsed by approximately 100% from its monthly peaks, hitting one of the lowest levels in March on the 31st. The portal recorded a mere 906.4 SHIB burned on March 31, a stark drop from the month's peaks of 84,094,174 SHIB burned on February 28 and 54,693,900 SHIB burned on March 15.
Concurrently, the Shibarium network, operated by the team behind the SHIB token, has entered what it calls a "clean stabilization phase." This follows a major infrastructure upgrade and a full backend reindexing. An update from the official Shibarium X account (@Shibizens) reported that mainnet activity over the past 48 hours showed 1,230 daily transactions, a significant normalization from a recent peak of 10,940 transactions on March 26. The network explorer is reported to be 84% synchronized and progressing steadily, with the system fully operational but still recovering post-upgrade.
In a separate but notable development, the XRP Ledger witnessed an explosive surge in on-chain activity. Data from XRPScan shows that daily payment transactions on the ledger reached 624,637,585 on March 30, marking a 410.7% increase from the 122 million payments recorded the previous day. This spike in network utility occurred even as XRP's price remained relatively stable around the $1.30 level.
Amid these altcoin movements, a significant Bitcoin whale action was observed. A whale deposited 1,102 BTC (worth over $74 million) to the Binance exchange. This move is often interpreted as a capitulation signal, indicating an intent to sell. The whale had originally purchased the Bitcoin in July 2025 when the price was around $117,770, holding through the all-time highs past $126,000 in October 2025 before deciding to offload.
