The Shiba Inu (SHIB) community continues to burn meme coins without slowing down. With the joint efforts of the community, 103,065,499 (103 million) SHIB tokens have been collectively sent to the dead-unused wallet in nine different transactions in the last 24 hours. This allowed the burn rate to increase by 57%.
Mystery wallet and MARSWAP (MSWAP) carried out the biggest SHIB burns of the day.
Mysterious Wallet
The biggest burn of the day came from a mysterious wallet. The anonymous wallet sent 79,500,000 (79.50 million) SHIB to the burn address in a single transaction. The transaction took place about 20 hours ago, according to Shibburn.com data.
After the burning, 162,538,341,247 (162.53 billion) meme coins worth $1,228,789 ($1.22 million) remained in the mystery wallet.
MARSWAP (MSWAP)
Shortly after the burning process by the mystery wallet, the newly emerged token MARSWAP (MSWAP) removed 12,402,665 (12.40 million) Shiba Inu (SHIB) from circulation in five consecutive transactions.
Latest Developments on SHIB Beta Testnet
Shibarium Beta Testnet, dubbed Puppynet, is making significant strides in the crypto space as it reaches a new milestone. The network currently hosts 16,975,058 (16.97 million) wallet addresses and has processed 24,842,706 (24.84 million) transactions so far. The total block count is now 1,450,672 (1.45 million) and the average block time is just 5 seconds.
In addition, Koyo Token (KOY) has started testing its permanent trading and financial services platform on the Shibarium Beta Testnet. The development has been approved by Tezza Decentra, an active community member.
You can follow the current price action here.
Source : the crypto basic