The SHIB burn rate is once more increasing this week, according to Shibburn Explorer. Millions of Shiba Inu are constantly being sent in bulk by the SHIB army to dead-end wallets where they are locked up.
Nearly 20 million SHIB have been taken out of circulation as of right moment. During this period, the price of SHIB has increased by almost 15% over the previous week.
Burns jump 502%
While 18,929,196 SHIB tokens are held in unusable wallets, the Shibburn website indicates a 502% increase in the burn rate.
The most recent burn transaction, which removed 15,884,928 SHIB from circulation five hours ago, was also the largest one to date.
U.Today stated two days ago that the burn rate increased by about 7,000%, resulting in the destruction of 341,504,230 SHIB and the burning of 252,873,213 and 84,405,747 SHIB in a single motion.
Shibarium release again promised “very soon”
The primary creator of SHIB, who prefers to go under the alias Shytoshi Kusama, answered the question “wen Shibarium” in a recent message. He replied in his usual way, “Very soon.”
The SHIB leader recently declared in a blog post that the developing team intends to publish the “Worldpaper” for Shiba Inu. It will describe numerous tokens (not just SHIB, LEASH, BONE, and SHI), DeFi platforms, and many more goods and services in addition to explaining the idea of SHIB and Shibarium to the large worldwide community.
Kusama also shared information on Shibcals, a company that produces hoodies, clothes, and other items with SHIB themes as a “real world implementation” of the acronym.
Additionally, Kusama repeatedly said that once Shibarium is operational, he would step down because his role will no longer be required by the community. The official Shibarium Telegram channel and crypto Twitter both saw a lot of discussion and disagreement in response to this remark.
