ShibaInu has sustained a positive burn rate despite recent price slips
as much as 1.13% over the past 24 hours and by more than 3% for the week. The token's bearish growth trend, however, is showing broad divergence from its burn rate, which has remained elevated at 1,506%.to data from Shibburn, more than 3.6 billion SHIB tokens have been sent to dead wallets in what can be characterized as a sustained push toward deflating the meme coin's total supply.
One wallet accounted for more than 95% of the total tokens burnt, and while the details of this address remain obscured, it is notably associated with some of the mega token burn moves in the Shiba Inu protocol.by U.Today, Shiba Inu has been quite consistent in its burn actions over the past few months with the system staying elevated most of the time.
One of the primary goals of Shiba Inu at this time is to release the Shibarium mainnet, the Layer 2 protocol it has been working on for some time now. While still in the testnet phase dubbed PuppyNet, Shibarium has been recording a number ofShibarium was considered the perfect shot at diversifying the Shiba Inu protocol, and it is billed to be favorable in the long term as it will also form a major channel through which the digital token is deflated.
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