The decentralized meme token community is no stranger to SHIB burns. On a daily basis, large amounts of Shiba Inu Tokens (SHIB) are sent to a dead wallet address, adding to the project’s overall value trend in spite of leaving the Shiba Inu Tokens out of circulation for good. According to ShibBurn, the leading SHIB burn tracker, there’s been a significant 1,803% surge in SHIB burn rate within the span of 24 hours — the result of four SHIB burn transactions encompassing 50,258,924 tokens total. Just one of these transactions had a value of 27,502,303 tokens, leading to the current burning volume of $378 in SHIB. Fueled by Shiba Inu tokens consolidating in a point of non-accessibility, SHIB’s price has been on the up-and-up – increasing by seems to suggest positively moreonwards ridingflight than a 3% increase during the past 24 hours. Furthermore, Shibarium, Shiba Inu’s layer-2 scaling solution, has achieved a new high in terms of total transactions performed, wallet addresses on the network, daily transactions, and total blocks.
Exploratory metrics on PuppyScan, Shibarium’s Beta Network, has regaled over 25,710,567 recorded transactions with 273,805 coming in day light in June 30 alone. Wallet accounts connecting the test network presently are at 1,700,8852 — surprisingly tremendous numbers for PuppyNet.
In the meantime, the Shiba Inu Community isabuzz anticipation for an approaching mainnet launch. Shytoshi Kusama, lead developer of the project, was assertive in reassuring them that Shibarium’s mainnet deployment is not far away.
