The Shiba Inu dog-themed cryptocurrency’s Shibburn tracking service, which tracks burn transfers, has stated that it has seen an increase in SHIB’s burn rate since yesterday morning.
Following the community’s approximately 190% increase on Wednesday, the SHIB burn rate is still rising.
Burn rate shows positive figures
In the past 24 hours, there has been a 48.54% increase in SHIB burns, according to Shibburn, with 52,651,272 SHIB meme coins being removed from circulation.
Out of all the transactions that Shibburn has seen in the previous 24 hours, the largest one contained a total of 10,505,695 SHIB.
As of right now, the Shiba Inu army has burned 410,652,489,937,521 SHIB, according to the previously cited source, while 579,245,659,191,530 Shiba Inus are still on the market.
SHIB smashes new adoption ATH
Regarding the number of addresses holding this meme coin, SHIB has hit a huge new all-time high, as previously reported by U.Today. According to statistics from the analytics website IntoTheBlock, SHIB currently has an incredible 3.51 million wallets.
The number of wallets holding SHIB increased by an astounding 115% per week last month, ultimately driving the coin to a new all-time high.
The other day, the same source said that whales moved a staggering 1.13 trillion SHIB in total transactions.
SHIB unable to surpass this level yet
The second-largest meme currency, SHIB, has been attempting to get beyond the $0.00000820 mark since Sunday, July 30. It has occasionally increased by 6% or 5% but has consistently dropped back.
After growing by 1.87% over night, SHIB is currently down 1.38% and trading at $0.00000820 on the Binance market.
Should Layer 2 blockchain Shibarium be introduced at the Blockchain Futurist Conference in Toronto, Canada, on August 15 and 16, the price is anticipated to go even higher. Shytoshi Kusama, the head of SHIB, will give a speech using an AI software.
In addition, Marcie Jastrow, adviser for SHIB Metaverse, will be speaking at the same event. The community is anticipating that as well because she tweeted yesterday that the SHIB Metaverse would be introduced to the world at that conference. If that does happen, price increases are probably in store.
