Kusama

Burn

Bad Idea AI

Shiba Inu

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
The Shibburn tracking service that watches <a href="https://u.today/trillions-of-shib-withdrawn-to-cold-wallets-in-july-details" rel="noopener noreferrer nofollow">SHIB</a> “burn transactions” spreads the word on its website that within the last 24 hours, the burn rate of the second largest meme coin has jumped by nearly 190%. 
With 56,353,945 <a href="https://u.today/shib-sets-record-breaking-all-time-high-as-shiba-inu-community-cant-wait-for-shibarium" rel="noopener noreferrer nofollow">Shiba Inu meme coins</a> burned in total, the rate has jumped by 186.75% - this is more than double what the community saw on this site over the past two days. 
Over the past hour, these burns have accelerated with more than 16.33 million transferred to dead wallets in four transactions. Before that burn transfers occurred every couple of hours, sometimes twice per hour, though, too. 
A chunk of 10,505,695 SHIB remains the largest that has been burned since last morning, per Shibburn. 
<img alt="SHIBburnrate00shibburns00qwewre3shib" data-entity-type="file" data-entity-uuid="3436c5bc-fdc0-4ddd-8eb6-3b292534f7e2" src="https://u.today/sites/default/files/inline-images/SHIBburnRate_12.png">Image via <a href="https://www.shibburn.com/#google_vignette" rel="noopener noreferrer nofollow">Shibburn</a> 
<h2 id="shib-adoption-expands-every-year">SHIB adoption expands every year</h2> 
The official Shiba Inu Twitter account shared a post from the Wirex platform, which reminded the crypto community that it continues to successfully implement SHIB as 5.5 million of its customers have been able to buy goods from 81 million retailers on their platform since last year. 
<blockquote class="twitter-tweet"> 
 Hold on to your dog biscuits 🐾 Did you know you can use <a href="https://twitter.com/wirexapp?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@wirexapp</a> &amp; pay with <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> at 81 million retailers worldwide 🌏Treat yourself to some amazing goodies and celebrate our birthday in style 🎁 <a href="https://twitter.com/hashtag/ShibaInuBirthday?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ShibaInuBirthday</a> <a href="https://t.co/C5UQMtYasU" rel="noopener noreferrer nofollow">https://t.co/C5UQMtYasU</a>— Shib (@Shibtoken) <a href="https://twitter.com/Shibtoken/status/1686408285224685568?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 1, 2023</a> 
</blockquote> 
Stating this, Wirex sent birthday greetings to Shiba Inu – the now popular meme cryptocurrency was launched on July 31, 2020. 
<h2 id="shytoshi-kusama-announces-shib-s-next-phase">Shytoshi Kusama announces “SHIB’s next phase”</h2> 
As reported by U.Today earlier, the lead of Shiba Inu known to the community as <a href="https://u.today/shiba-inu-lead-shytoshi-kusama-makes-major-bone-minting-move" rel="noopener noreferrer nofollow">Shytoshi Kusama wrote</a> on social media that after the ETH Toronto conference, SHIB’s next phase is expected. 
He did not specify what he meant by this, however, he mentioned that one of Shiba Inu partners, the Bad Idea AI (BAD) project, will have a major role in it. 
As for major and long-expected SHIB updates, in two weeks, during the aforementioned conference in Canada, the Shiba Inu team may launch the Layer-2 Shibarium blockchain. Before September, which basically, means in August, several SHIB Metaverse hubs are expected to launch too.

SHIB Burn Rate Doubles As SHIB Gears Up for Next Big Thing

Table of Contents

U_Today

Other articles published on Aug 2, 2023

Analyst Foresees Bullish Bitcoin Trend Amid Contrasting Opinions

A Balancing Act: Transparency and Trust in Today’s Cryptocurrency Economy

MicroStrategy to Purchase More Bitcoins with $750M Stock Sale

Disinformasi Pemilu Akibat Kecerdasan Buatan (AI)

India-led G20 proposes global crypto regulatory framework

Ethereum NFTs Trading Volume Down 90% From Peak, Data Shows

Join our free newsletter for daily crypto updates!