Shiba Inu Burning activities carried out by the community in the network continue at full speed. According to Shibburn data, the burns since yesterday morning have increased by 660%, resulting in the burning of 115,766,995 more tokens.
As Koinfinans.com reported, the main reason for this burn seems to be that developer Ryoshi announced their intention to realize their plans for SHIB and Shibarium by the end of this year.
Shiba Inu Killing Rate Skyrockets 660%
According to Shibburn, in the last 24 hours SHIB Its burn reached 115,766,995 tokens, triggering a 660% increase in the rate. While the burns took place in four large transactions, 111,669,458 tokens were burned in the largest burn. It could not be determined who did the burning in question.
The burn rate was positive for the second day in a row overall, with a 219% increase on Thursday.
Shiba Inu developers officially announced a system that will automate their grooming in their statement last week. This new mechanism, which was tested on the Puppynet test network, will also be tested on other networks for further testing. This is interpreted as a development that will allow the development team to implement faster transaction speeds, lower fees and similar improvements.
Lucie, the network’s marketing expert, shared that she had a meeting with the mysterious lead developer Shytoshi Kusama. Saying that she could not give too much information, Lucie attracted attention by giving a hint about her plan to “finish everything by the end of this year”.