Shiba Inu destroyed more than 5 billion SHIB, and the weekly destruction volume surged 961%

According to Shibburn data, Shiba Inu’s weekly destruction rate surged by 961.53%, with more than 5 billion SHIB destroyed during this period.

In the past seven days, a total of 44 transactions destroyed 527,485,988 SHIB tokens, equivalent to $4430.88.

Last week, only 49,691,122 SHIB tokens were destroyed, the lowest level in months. The daily destruction rate also increased by 644.86%, with nine transactions destroying 20,515,829 SHIB tokens in the past 24 hours.

The destruction of Shiba Inu is gradually increasing, and people are full of optimism about the Shiba Inu ecosystem.

Shibarium’s daily trading volume reached a new high, reaching 7.4 million transactions. Shiba Inu’s Layer 2 protocol had a daily transaction volume of 5.1 million the previous day, which marked a 500-fold increase compared to the average daily transaction volume of 10,000.

With the significant growth in transaction volume, Shibarium has reached the milestone of 20 million total transaction volume at the time of publication, reaching 20,493,282 at the time of publication, according to Shibariumscan data.

Shiba Inu community faces warning.

Shibarmy Scam Alerts, an account dedicated to protecting the Shiba Inu community and exposing scams, has issued an important warning to the Shiba Inu community.

A warning claims that certain links on CoinMarketCap redirect unsuspecting users to fraudulent Discord servers, where users are asked to connect their wallets for purported verification before entering the server.

Users are cautioned to remain vigilant as this method may allow unauthorized access to the wallet, which may result in the loss of funds.

Shiba Inu users are encouraged to verify the legitimacy of Discord servers by researching items from multiple sources and ensuring the information is consistent. They should also be careful to double-check URLs before clicking on any links and not connect their wallets until full verification has been completed. #Shiba