Burns Increased by 230% in Meme Coin!

shibburn According to data on the website, the rate of Shiba Inu burning has increased significantly in the last 24 hours. The Shibburn Twitter account reported that about eight hours ago, 219,660,376 SHIB tokens were burned and more than 16 transactions were made.

shiba inu

Koinfinans.com As we reported, Shiba Inu burning increased 230%, with a total of 357 million SHIB burned, according to the Shibburn website.

With 400 different transactions in June, the community burned 4,553,606,683 SHIB tokens, further fueling the burning events.

shiba inu By sending tokens to a dead address or crypto wallet, or by burning them as they are known, tokens are permanently removed from circulation. Aiming to reduce the total supply of SHIB with this action, the community expects the price to rise with the decrease in supply.

FCFPay Supports BONE in the Shiba Inu Ecosystem

FCFPay, a cryptocurrency payment gateway, has announced plans to add support for BONE by announcing plans to list soon. Additionally, FCFPay also pointed to LEASH support. The exchange is now rolling out support for other tokens in the Shiba Inu ecosystem, including BONE and LEASH, after listing SHIB in April.

On-chain analytics firm Santiment reported that address activity for the Shiba Inu has reached a seven-week high as a result of increased user engagement on the network. According to Santiment, SHIB grew 35% in this regard.

Network activity continues to grow as the number of Shiba Inu owners continues to grow. According to WhaleStats, the number of SHIB holders currently stands at 1,190,221, which is not far from the all-time high reached. SHIB is currently trading at $0.00001, slightly higher than a day ago.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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