🔥🔥🔥Shiba Inu Burn Rate Increased by 130% as 56 Million Shiba were Cremated This Week
Sunday Decryption of Shiba Inu, an elite meme coin running on the Ethereum blockchain, has garnered considerable interest among crypto market enthusiasts globally after a significant increase in the token's burn rate. According to the data that appeared on the crypto Sunday, #SHIB burning witnessed a 127.41% increase today, on February 10. In parallel, the Shiba crypto community has recorded that 17.39 million SHIB have been burned in the last 24 hours. Last week, 55.63 million SHIB were burned.
By the way, it seems that the lion's share of the increase in the Decapitation rate is responsible for the transfer of the Shiba crypto community to a dead wallet. According to the searing insights revealed by the burn follower Shibburn, the Shiba crypto community has shifted a staggering figure of 16.39 million SHIB to a dead wallet. This comes as the community's effort to further elevate SHIB tokenomics in the broader crypto Sunday.
SHIB Burn Is Rising With the Breakthroughs of the Community
Interestingly, the increase in the burning rate of meme money appeared in the midst of a whirlwind of breakthroughs witnessed by the Shiba Inu cryptocurrency. Shibarium, a Shiba Inu L2, has announced plans to revolutionize BONE staking on its network by partnering with K9 Finance. On the other hand, Marswap's expansion of its services in Shibarium has further increased the optimism towards meme money by introducing a fixed fee structure for all transaction fees.
In addition, WoofSwap, a DEX in Shibarium, announced today that it plans to combine Shibmap with ERC404, a semi-exchangeable October digital asset. This is further revolutionizing Shibarium's cryptographic venture, reaching new dimensions in the crypto world. However, there is a Deceleration in daily transactions on Shibarium, which increases the speculation among crypto market enthusiasts.
