Shiba Inu

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
Shiba Inu (SHIB) is recording a promising outlook in its burn rate today, which is unusually high when compared to&nbsp;<a href="https://u.today/shiba-inu-shib-ignites-double-burn-rate-sparks-price-surge" rel="noopener noreferrer nofollow">previous records</a>&nbsp;of similar metrics. At the time of writing, the SHIB burn rate has <a href="https://www.shibburn.com/" rel="noopener noreferrer nofollow">soared</a> as high as 170%, with a total of more than 98 million tokens sent to dead wallets, according to data from Shibburn. 
SHIB burn rate metrics are not surrounded by much controversy. The growth shows that there is active ongoing activity on the network despite the overall bearish price outlook. 
Per the Shibburn data, the highest single burning recorded came in at 19,690,401. Unusually, no one wallet monopolized the burning event, a showcase of more decentralized efforts on the meme coin's deflationary agenda. 
At the time of writing, Shiba Inu is changing hands at a price of <a href="https://coinmarketcap.com/currencies/shiba-inu/#markets" rel="noopener noreferrer nofollow">$0.000009139</a>, down by 4.85% over the past 24 hours after a rather impressive weekend of positive growth. The bearish price outlook of SHIB becomes negated, however, when compared to its week-to-date (WTD) price outlook, in which the coin has retained a total growth of 9.38%. 
<img alt="SHIB 7 DAY CHART" data-entity-type="file" data-entity-uuid="9791b12f-cdb6-4956-a8ae-7acd53625b63" src="https://u.today/sites/default/files/inline-images/SHIB_7D_graph_coinmarketcap_4.jpeg">SHIB Price Chart. Source: <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
<h2 id="heralding-new-era">Heralding new era</h2> 
Shiba Inu investors, developers and market observers as a whole might just be gearing up to experience a more intensified rate of SHIB token burning as a result of the forthcoming <a href="https://u.today/shiba-inus-bone-rockets-11-on-anticipation-of-groundbreaking-shibarium-launch" rel="noopener noreferrer nofollow">launch</a> of the Shibarium Layer 2 protocol. 
As confirmed by the lead developer in the ecosystem, Shytoshi Kusama, the Shibarium launch is slated for mid-month as it will be unveiled at the forthcoming Blockchain Futurist Conference. The Shibarium launch will intensify transaction activities in the broader Shiba Inu ecosystem, a move that will see a portion of the transaction costs in SHIB tokens sent to dead wallets. 
Shibarium is the gateway for more <a href="https://u.today/shib-sets-record-breaking-all-time-high-as-shiba-inu-community-cant-wait-for-shibarium" rel="noopener noreferrer nofollow">ambitious upticks</a> in price and other important protocol metrics.

Unusually High SHIB Tokens Set Ablaze Despite Anemic Price Outlook

Tabla de contenidos

U_Today

Otros artículos publicados el 7 ago 2023

Shiba Inu & MATIC Baffled: VC Spectra’s Stage 2 Gain Grabs Global Attention!

Ripple Vs SEC News: SEC’s Calculated Move Backfires, Ripple Triumphs in Torres Decision

Coinbase Sees $1.6 Billion Outflow from Multi-chain Assets in a Week!

Aave (AAVE) Price Prediction 2024, 2025, 2026-2030

Tether Releases Bitcoin Mining Software

From millions to pennies: the astonishing decline of iconic NFTs

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!