SHIB Burn Rate Jumps 1,803% As Shibarium Hits New Milestones

U.Today
U.Today

30 Jun 2023 7:30 AM

Shiba Inu burns have soared after several days of staying in the deep red zone, the SHIB price shows a rise as well...

  • The SHIB burn rate has increased by over 1,800% in the past 24 hours, with a total of 50,258,924 SHIB burned.
  • Four burn transactions took place, with the two largest ones burning 27,502,303 SHIB and 12,034,353 SHIB.
  • In the past seven days, a total of 638,400,947 SHIB has been burned, which is 37% less than the previous week.
  • Burns are done to reduce the circulating supply of coins and potentially increase their value.
  • The Shibarium testnet, Puppynet, has seen a significant increase in transactions and connected wallet addresses.
  • The transaction count on Puppynet has reached 25,665,558, and there are now 17,005,447 wallets connected to Shibarium.
  • As a result of these developments, the price of SHIB has increased by 3.21% in the last 24 hours and is currently trading at $0.000007516.

The article provides positive news about the increase in SHIB burn rate, the growth of Shibarium, and the price surge of SHIB. The sentiment is generally optimistic.

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