Shib burn rate has seen significant rise over last 24 hours
As reported by the Shibburn platform, which tracks the efforts of the SHIB army in burning this meme coin and sometimes even sends some millions of SHIB to a dead wallet, over the past 24 hours, the rate at which Shiba Inu wallets currently being shipped without spending have increased by about 260%.
In the meantime, some vague news about the upcoming release of Shibarium has been released.
SHIB army steps on it, burns tokens
In the last 24 hours, the rate of withdrawal of SHIB from circulating supply has increased by 259.48% as 22,248,144 Shiba Inu have been sent to “Inferno” wallets, i.e. dead addresses from which tokens cannot be withdrawn or otherwise spent can be done.
This is quite a breakthrough compared to yesterday’s figure, when in the previous 24 hours only as little as 7,744,475 meme tokens were moved to dead-end wallets.
On November 1, the total amount of SHIB destroyed compared to the previous day was 23,232,755.
News on Shibarium from dev team
In a recently published blog post, Unification Foundation, which is helping SHIB developers to create the Layer 2 solution Shibarium, has addressed daily questions from the SHIB community, which keeps asking “Wen Shibarium?”
Mazar Sadri, Product Lead at Unification, who wrote the blog post, wrote that working on a Layer 2 solution for SHIB is the main project for this year.
He stated that the team continues to optimize the internal alpha version of it every day. Overall, Shibarium is getting closer to the release of the public beta version.
The core team is moving fast and furious with our advice and the public beta release nears.
