The Shibburn Twitter handle reports that just 22 million SHIB were burnt during the previous week. In 14 transactions, a total of 22,184,222 SHIB tokens were destroyed, according to Shibburn.
In two transactions, 1,562,938 SHIB tokens were burnt in the previous day’s amount. The decrease in the volume of transactions containing SHIB that must be burnt is what stands out the most.
The amount burned each week is considerably less than what was burned the week before. A total of 70,335,285 SHIB tokens were burnt in 23 transactions over the previous two weeks. In the very near future, the Shiba Inu burning factor appears to be declining.
The community of Shiba Inus may have chosen to concentrate on Shibarium rather than other important basic improvements to the environment as a whole.
Shibarium beta “Puppynet” continues to be more useful, as seen by the volume of transactions and the number of participating wallets. According to Puppyscan statistics, there are 14,047,357 total wallets, and there have been 4,632,926 total transactions as of this writing.
The just passed week was notable for the Shiba Inu ecosystem coins, especially BONE, which got six exchange listings, including on well-known exchanges OKX and Huobi Global.
Additionally, the Shiba Inu ecosystem gained popularity and progress. Shiba Inu’s adviser Marcie Jastrow enthusiastically tweeted about Shiba Inu’s attendance at the Consensus 2023 conference.
The SHIB team’s announcement that it was creating a cold wallet for Shiba Inu and intended to collaborate with two of the top names in the cryptocurrency industry received a similarly positive response from the community.
