A tracking platform where SHIB tokens that are actively burned by SHIB can be tracked and burned by the meme coin community. shibburn According to data shared by the website, the rate of Shiba Inu burning increased by 353%. According to Shibburn data, a total of 110,126,153 (110.12 million) SHIB tokens have been destroyed in the last 24 hours, and this has been done in nine different transactions.
The most striking aspect of this burning frenzy was that a wallet that had been dormant for a long time contributed to the burning. An inactive wallet that has been inactive since October 27, 2021 revived about three hours ago, removing its 77,524,940 (77.52 million) SHIB tokens from circulation.
The other biggest boost to the burn came from a wallet that removed 15,056,224 (15.05 million) SHIBs from circulation in a single strong transaction.
In addition, it is estimated that the burning rate will increase significantly with the introduction of the highly anticipated Shibarium – Layer 2 solution. Meme coin community members think that as many as 5 trillion SHIBs can be burned per month.
The official launch of Shibarium is scheduled to take place at the Blockchain Futurist Conference on August 15 and 16. In addition, Shiba Inu lead developer Shytoshi Kusama informed the community members to expect more exciting developments after the mainnet launch of Shibarium.
You can check the price movements here.
Source : the crypto basic