Recent series of massive SHIB burns continues as burn rate soars by almost 145,000%
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Data shared by the Shibburn tracker in a recently published tweet reveals that over the last day, the SHIB burnThe good news is that not only have the daily burns seen a massive increase but so has the weekly burn rate, thanks to the recent efforts of the SHIB community.The data source mentioned above has revealed that over the last 24 hours, the burn rate faced a mammoth increase of more than 144,045%, with a huge 2,041,299,351 SHIB meme coins transferred to unspendable blockchain wallets.
The new upgrade is compatible with Ethereum’s Dencun fork, focusing on better performance, higher security and blockchain management on Shibarium. The announcement also said that the upgrade includes a new SHIB burn contract. No details were shared about the burn update, except that it will greatly reduce the circulating supply and provide “additional value for holders.”
Over the past 24 hours, the second largest meme cryptocurrency in terms of market capitalization, Shiba Inu, has demonstrated a price surge of slightly more than 10%; SHIB surged from $0.00002757 to the $0.00003060 price level. Mysterious SHIB founder Shytoshi Kusama recently stated that he is working hard to take Shiba Inu to the top five level without a big budget. That tweet came right before XRP jumped to third place from seventh place.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects.
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