According to the data shared by the Shibburn inventor, the SHIB burn rate has finally shown a significant increase. The price of the second largest meme coin also increased slightly overnight.
SHIB Burn Rate Increased by Over 1,800%
Data from the Shibburn website shows that the Shiba Inu community has managed to get rid of a total of 50,258,924 SHIBs in the past 24 hours. This is formed meme coin his stash is only worth $378. A total of four incineration transactions took place, the two of which moved 27,502,303 SHIB and 12,034,353 SHIB to dead-end wallets. In the last seven days, the community managed to burn a total of 638,400,947 SHIBs. This means more than 37% fewer tokens burned compared to a week ago.
Burns right now crypto- It is a popular practice in the world and means that the community and developers regularly or occasionally send coins to wallets where this cryptocurrency cannot be spent or withdrawn at all. The long-term purpose of this is to gradually reduce the amount of coins in circulation, making them more scarce and ultimately trying to push their price up.
Shibarium Reaches New Milestones, SHIB Price Rises
According to Puppyscan, known as Puppynet shibarium The testnet saw an increase in both executed transactions and connected wallet addresses. Over the past few days, Shibarium beta has seen a huge increase in the number of transactions. Previously, nearly a million transactions were added in just two days, reaching 25 million. Now, the number of transactions has increased by several hundred thousand, reaching a total of 25,665,558.
As for the wallets connected to Puppynet, their number has also increased significantly, reaching 17 million milestones. Currently, there are 17,005,447 wallets connected to Shibarium. In response to this and other factors, the price of SHIB finally turned green and started to show growth. According to data shared by CoinMarketCap, in the last 24 hours, the featured dog-themed meme coin has risen by 3.21%. At the time of this writing, SHIB is trading at $0.000007516.