Millions of Shiba Inu Burned, While SHIB Price 10% Down


18 Nov 2023 8:00 PM

SHIB army continues to burn their favorite meme coins, however, SHIB price fails to recover...

  • The SHIB army has transferred tens of millions of SHIB to dead-end wallets, with nearly all of them getting burned in a single transfer.
  • The second largest meme cryptocurrency, Shiba Inu, has seen a 10% decrease since November 11, but has shown a 6.77% increase since a 15% drop on November 14.
  • Shibarium, a Layer-2 blockchain, is experiencing a slowdown in transactions and connected wallets. The total transaction count is close to 4 million, with only around 100,000 new transactions added in the past couple of weeks. The number of connected wallets stands at 1,266,148.

The article provides factual information about the transfer and burning of SHIB coins, the price movement of Shiba Inu, and the slowdown in Shibarium's metrics. There is no clear sentiment expressed in the article.

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You May Ask

How many SHIB coins were transferred to dead-end wallets?What is the current price movement of Shiba Inu?What are the metrics that show a slowdown in Shibarium?How many connected wallets are there on Shibarium currently?

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