The Shiba Inu community continues to burn large amounts of SHIB tokens, even as the price experiences a notable increase. Over the past day, 3.16 million SHIB tokens have been burned, with six transactions contributing to the effort. This burn activity appears unrelated to the recent price surge of over 10%, which has seen SHIB rise from $0.00002117 to $0.00002336. Meanwhile, Shibarium, the layer-2 blockchain for SHIB, is approaching a significant milestone with its transaction count nearing 700 million.
While the burns have collapsed by more than 64%, the Shibburn website says, the SHIB community has succeeded in burning 3,166,691 SHIB meme coins over the last 24 hours. Six burn transactions over the last day have done the job with the largest ones moving 1,040,537, and 1,008,249 Shiba Inu meme coins.Meanwhile, the burn rate this time is not correlated with the SHIB price.
Over the last day, the second most popular meme-themed cryptocurrency Shiba Inu has seen a rise of more than 10%, rising from $0.00002117 to the $0.00002336 price level.that the layer-2 blockchain is eyeing a big new milestone. The overall transaction count currently sits at 698,969,876, quickly moving towards the 700 million level. The daily number of transactions on Shibarium now totals 4.71 million. That is a notable growth since December 12, when this metric comprised 4.58 million transfers. The recently added “latest transaction” section shows 175,088 new transfers. The number of wallets linked to the network now equates to 2,021,457
SHIB SHIBA INU CRYPTO BURN SHIBARIUM BLOCKCHAIN
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