The Shiba Inu burn rate has experienced a significant decline, as reported by the Shibburn blockchain tracker. Despite this, the price of SHIB has shown an opposite movement. The SHIB community managed to burn 3,166,691 SHIB meme coins in the last 24 hours through six burn transactions, with the largest ones burning over a million coins each. Last Monday, approximately 10,000,000 SHIB meme coins were burned by the SHIB army.
Surprisingly, the current burn rate is not affecting the SHIB price, as it has actually seen an increase of over 10% in the last 24 hours. The price has risen from $0.00002117 to $0.00002336, showing a positive trend. This divergence between burn rate and price has caught the attention of investors and analysts in the cryptocurrency space.
Shibarium, the layer-2 blockchain associated with Shiba Inu, is approaching a significant milestone. The Shibariumscan explorer data shows that the overall transaction count is nearing 700 million, currently standing at 698,969,876 transactions. The daily transaction count on Shibarium has seen growth, reaching 4.71 million transfers from 4.58 million in December 12. The network now has 2,021,457 wallets linked to it.
The growth and activity on Shibarium are indicating a strong community engagement and interest in the Shiba Inu ecosystem. The recent surge in transactions and wallet connections suggest a growing adoption and utility of the SHIB token. This development is likely to attract more attention from investors and traders looking for opportunities in the Shiba Inu space.
As Shibarium approaches the 700 million transaction milestone, the potential for further growth and development in the ecosystem becomes more apparent. The network’s scalability and efficiency are likely to be key factors driving its success and popularity among users. The continued activity on Shibarium and the positive price movement of SHIB are indications of a vibrant and thriving community that is actively involved in shaping the future of the Shiba Inu project.
Overall, the recent data on Shiba Inu burn rate, SHIB price movement, and Shibarium activity suggest a dynamic and evolving ecosystem. The community’s ability to burn meme coins and the positive price trend are signs of strength and resilience in the Shiba Inu project. With Shibarium reaching new milestones and showcasing growth in transactions and wallet connections, the future looks promising for the Shiba Inu community and its supporters.
