Burn

Kusama

Shiba Inu

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<p lang="en-GB" xml:lang="en-GB">Shibburn tracking service that traces burn transfers of the Shiba Inu dog-themed cryptocurrency has reported that it noticed a rise in the burn rate of SHIB since yesterday morning.</p> 
<p>The SHIB burn rate continues to rise after the&nbsp;<a href="https://u.today/shib-burn-rate-doubles-as-shib-gears-up-for-next-big-thing" rel="noopener noreferrer nofollow">nearly 190% growth</a> demonstrated by the community on Wednesday.</p> 
<h2 id="burn-rate-shows-positive-figures">Burn rate shows positive figures</h2> 
<p>Shibburn shows that over the last 24 hours, SHIB burns have gone up by 48.54%, with a total of 52,651,272 SHIB meme coins transferred out of the circulating supply.</p> 
<p>The largest transaction among the many spotted by Shibburn over the span of the last 24 hours carried 10,505,695 SHIB in total.</p> 
<img alt="SHIBburnsriseshibainu00qefwgwshibburnsqfe44009" data-entity-type="file" data-entity-uuid="d94a1537-1e2b-476b-9df8-fb3dd9a6b965" src="https://u.today/sites/default/files/inline-images/SHIBburnRate_13.png"><em>Image via <a href="https://www.shibburn.com/#google_vignette" rel="noopener noreferrer nofollow">Shibburn</a></em> 
<p>So far, according to the above-mentioned source, the Shiba Inu army has managed to burn 410,652,489,937,521 SHIB, while 579,245,659,191,530 Shiba Inu continue to circulate on the market.</p> 
<h2 id="shib-smashes-new-adoption-ath">SHIB smashes new adoption ATH</h2> 
<p>As reported by U.Today earlier, SHIB has reached a massive new all-time high in terms of addresses that hold this meme coin. Per data provided by IntoTheBlock analytics platform, SHIB now boasts an <a href="https://u.today/shib-sets-record-breaking-all-time-high-as-shiba-inu-community-cant-wait-for-shibarium" rel="noopener noreferrer nofollow">amazing 3.51 million wallets</a>.</p> 
<p>Last month, the count of SHIB-holding wallets rose by a staggering 115% per week, pushing the coin to a new historic peak eventually.</p> 
<p>The same source reported the other day that a whopping 1.13 trillion SHIB were moved by whales in total transaction volume.</p> 
<h2 id="shib-unable-to-surpass-this-level-yet">SHIB unable to surpass this level yet</h2> 
<p>Since Sunday, July 30, the second largest meme coin SHIB has been striving to break away from the $0.00000820 level, rising sometimes as high as 6% or 5%, but then still falling back.</p> 
<p>Currently, SHIB is down 1.38% after the overnight growth of 1.87% and is <a href="https://www.tradingview.com/chart/3lWxXcMJ/?symbol=BINANCE%3ASHIBUSDT" rel="noopener noreferrer nofollow">changing hands at $0.00000820</a> on the Binance exchange.</p> 
<p>The price is expected to jump a lot higher should Layer 2 blockchain Shibarium be launched during the Blockchain Futurist Conference in Toronto, Canada, on Aug. 15 and 16. The SHIB lead Shytoshi Kusama is going to deliver a speech via an AI app.</p> 
<p>Besides, SHIB Metaverse advisor Marcie Jastrow is going to speak at the same event. Yesterday, she promised in a tweet that the <a href="https://u.today/shib-metaverse-go-time-in-two-weeks-shibs-marcie-jastrow-says" rel="noopener noreferrer nofollow">SHIB Metaverse would be presented</a> to the world at that conference, so the community is looking forward to that as well, and it is likely to trigger price growth if it indeed happens.</p>

SHIB Burn Rate Rises as Shiba Inu Smashes This Big All-Time High: Details

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