The Shiba Inu community continues to burn meme coins without slowing down. With the joint efforts of the community, 31.17 million SHIB tokens have been collectively sent to the dead wallet in two different transactions in the last 24 hours. This allowed the burn rate to increase by 173%.
A mysterious Shiba Inu whale with 8.84 billion SHIB is the reason behind the significant increase in SHIB burning. According to data provided by Etherscan.io, this large SHIB holder participated in the burn event by removing 30,472,946 SHIBs from circulation in a single transaction.
In addition, the meme coin project has been making headlines lately with network developments rather than burning activity. The meme coin ranked at the top of the top 10 NFT projects on Certik’s watchlist, surpassing major projects such as ApeCoin (APE), Decentraland (MANA). This significant development came shortly after the release of the Shibarium Public Beta. However, the team has yet to release the Shibarium Documentation, which reportedly contains basic details on how to access the beta website.
As a recent development Unstoppable Domains, a leading provider of Web3 domains, has made a significant move by adding Shiba Inu as a form of payment. move made. This exciting development allows people with Shiba Inu (SHIB) to purchase Web3 domains.
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Source : the crypto basic