The Shibburn tracking website reports that the Shiba Inu community has successfully transferred a sizable portion of SHIB meme money to dead-end wallets within the past 24 hours. The week began on Monday with a negative burn rate; however, the burn rate of SHIB increased by almost 100% following the main developer’s optimistic remarks on the price.
SHIB explodes, sending millions of coins into oblivion Shibburn just published data on its website showing that 45,379,403 SHIB had been moved to dead blockchain addresses in the previous 24 hours. As a result, the burn rate increased from below zero to 100.54%.
SHIB Burn Rate Skyrockets 100% After Bullish Words from Shytoshi Kusama,SHIB Burn Rate Skyrockets 100% After Bullish Words from Shytoshi Kusama,
9,891,756 SHIB were transported in the largest transaction on this burn list, while 14,292 meme coins were carried in the lowest. The same source claims that last week, the community was able to take 341,152,570 SHIB out of circulation.
Which Memecoin Is Better for You, Pepe Coin or Shiba Inu?
What can raise the price of SHIB in the future, according to Shytoshi Kusama The head of the SHIB development team, Shytoshi Kusama, addressed a commenter earlier this week who expressed dissatisfaction at the SHIB price’s lack of movement. Kusama “shared a secret”: the price of the well-known meme currency can only rise with effort.
In the interim, Shytoshi’s primary invention following SHIB (which he co-founded with Ryoshi) is the Layer-2 blockchain Shibarium. Launched on August 15, it was revived after collapsing due to an incredible volume of traffic. After the second release of Shibarium over 40 days ago, the network has seen more transfers than ever before, breaking the previous record of 3.3 million, and more blocks have been mined overall than ever before, surpassing the million mark.
Shiba Inu financial results Nevertheless, SHIB has not made any notable moves to increase its price and is now trading at $0.000006972. According to CoinMarketCap, it was recently pushed to the 19th position, but it has since recovered to occupy the 18th rank there.
Bitcoin’s Battle with Severe Resistance – Watch These Levels
Following the Stars Arena attack over the weekend, the main cryptocurrency Bitcoin dropped below $28,000, taking down the whole cryptocurrency market, including SHIB. The second-largest dog coin has dropped more than 4% in the last seven days.
SHIB Burn Rate Skyrockets 100% After Bullish Words from Shytoshi Kusama,SHIB Burn Rate Skyrockets 100% After Bullish Words from Shytoshi Kusama,SHIB Burn Rate Skyrockets 100% After Bullish Words from Shytoshi Kusama