Popular name in the cryptocurrency and meme coin world Shiba Inu, managed to attract attention by recording an increase during the day. However, the increase in price was not reflected in the SHIB burning rate in the same way.
According to the latest data released by Shibburn, the burn rate on meme coin has witnessed a significant drop of 62.21% in the last 24 hours. While the news was being prepared, more than 46.14 million views were made in the past day. SHIB The token was burned. Thus, the burn rate exceeded 410 trillion and maintained its positive course.
Koinfinans.com As we reported, Shiba Inu burns aim to increase the price by restricting the current high supply.
At the time of writing, SHIB price witnessed an increase of 8.55% in the last twenty-four hours and reached $0.000009052. Additionally, the weekly price experienced a significant increase of 15.12% and the overall trading volume increased by 23%, reaching 347 million as of today. In the general picture, this increase seems quite compatible with the burning done. The burning on a weekly basis has exceeded 361.81 million tokens.
Additionally, according to recent data provided by ShibariumScan, a tool for examining EVM-based blockchains, the Shiba Inu Layer 2 network Shibarium has seen a significant decline in activity. The number of blocks created on the network has decreased by 38% as of writing.