🔥 Shiba Inu Burns Another 8.5 Billion SHIB, Total Shibarium Burns Surpass 25 Billion!

Shiba Inu is on fire! 🔥 In a recent series of Shibarium-powered burns, the Shiba Inu team incinerated a whopping 8.53 billion SHIB tokens, equivalent to $90,711. This marks the third time the team has used a portion of Shibarium gas fees to reduce the SHIB supply.

📈 Shibarium Burns in 18 Days:

The ongoing Shibarium-powered burns have been nothing short of spectacular. In just 18 days, Shiba Inu has successfully burned a staggering 25.38 billion SHIB tokens. The latest burn of 8.53 billion SHIB follows burns of 8.24 billion SHIB on December 4 and 8.61 billion SHIB on December 16.

🚀 Shibarium Transactions Surge:

The surge in Shibarium's burn rate aligns with a significant increase in the network's transaction volume. Since its mainnet launch four months ago, Shibarium has recorded an impressive 160.39 million transactions. The network's transaction count has skyrocketed, averaging over 5 million transactions per day and reaching as high as 7.5 million transactions on some days.

💸 Burn Rate Skyrockets by 161,540%:

The latest burn of 8.53 billion SHIB has pushed the total amount burned in the past 24 hours to 8.59 billion. This surge has catapulted the burn rate to a staggering 161,540%. The overall amount of SHIB burned now stands at an impressive 410.68 trillion, with Ethereum co-founder Vitalik Buterin playing a crucial role in reducing supply by sending over 410 trillion SHIB to the dead wallet in 2021.

🌐 Shaping the Future:

The Shiba Inu team's strategic burns aim to reduce the supply and potentially boost SHIB's price. As Shibarium continues to witness a surge in transaction volume, the network's gas fees rise, providing the necessary fuel for these impactful burns.

🚀 Stay tuned for more updates! Follow The Blockopedia for the latest insights into the crypto world. 🔗

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