The Shibburn wallet tracker reports that 20 billion SHIB were burned.
The Shiba INU development team burned more than 17 billion SHIBs.
Shibarium's Layer-2 solution has recorded a spike in transaction volumes.
In the midst of the amazing development of the cryptocurrency world, the Shiba Inu community has made an impressive move. According to Etherscan, the Shibburn wallet tracker reports that nearly 20 billion SHIB MEME coins have been successfully burned in the last 7 days. This joint effort demonstrates the community's determination to reduce the circulation of Shiba Inu tokens**.
A tweet showcasing the latest data reveals a remarkable milestone in the SHIB token burn. So, in the past week, a surprising 17,159,382,867 SHIB has been transferred to wallets that can no longer be used.
It is worth noting that more than 90% of them were burned by the Shiba Inu development team. Specifically, the team conducted a burning process in two important treasures, each containing more than 8.5 billion meme coins, SHIB, valued at approximately $90,900.
While the burn rate has dropped slightly by 87 in the last 24 hours06%, for a total of 6,874,386 SHIB, but Shiba Inu's meme coin marketing expert Lucie hinted at a major update in January. With the update, the SHIB crypto team will transition to an automated burn process, which will streamline the process that developers currently perform manually.
Meanwhile, Shibarium, a layer-2 solution for cryptocurrency Shiba Inu, continues its journey of victory, reaching commendable milestones. The Shibarium mainnet has seen 6 million new transactions in the last 24 hours, indicating a rapid increase in the number of transactions. The influence of Shibarium is growing day by day, with an impressive total of more than 19.1 billion.
On Christmas Day, that number crossed 18.6 billion, showing a steady growth trend, with 6 million new transfers within 24 hours. While the number of daily transfers briefly dropped to 5.35 million, it then rose to 7.53 million, showing Shibarium's resilience and upward momentum.
As the Shiba Inu ecosystem undergoes a transformative update and the burning strategy shifts to automation, the crypto community eagerly awaits the continued success of these initiatives and the strengthening of Shiba Inu's position in the broader cryptocurrency landscape. As of this writing, SHIB's trade** is 000001069 USD.