Shibarium, Shiba Inu's layer-2 scaling solution, continues to make waves in the cryptocurrency world. 🌊 The network's progress with a successful token burn mechanism that removed 15.5 billion SHIB from circulation last month points to a potential price rally. 🚀
According to Shibariumscan, total blocks on the network have surpassed the 4 million milestone, while wallet addresses are heading towards 1.4 million. Shibarium aims to support the Shiba Inu ecosystem, reduce transaction costs, increase speed, and provide more sustainable and efficient network management mechanisms. 🎯
The team behind the meme coin removed 15.5 billion tokens from circulation last month, which represents a 2300% increase over the figures observed in February. The burn program aims to reduce the meme coin's massive circulating supply, making it rarer and potentially more valuable over time.
In light of these developments, could we see a rally in SHIB price? We are waiting your comments! 💬👇