Over 400 million Shiba Inu meme coins have been disposed of in the last week thanks to the SHIB army’s unwavering efforts, according to data from the Shibburn tracking website.
The same data source claims that an enigmatic meme cryptocurrency whale nearly destroyed all of those hundred millions of SHIB in a single move.
SHIB army burns 411.8 million coins
According to Shibburn, 411,867,374 SHIB in total were moved to blockchain addresses that cannot be spent. According to the tweet that was sent earlier today, the weekly burn rate was still over 50% lower overall despite the enormous quantity.
Nearly all of the 411.8 million Shiba Inus were burned in a single transfer that contained 372,663,448 SHIB, according to the list of burn transactions. A whale that had been dormant for more than a year conducted this transaction shortly after it awoke.
Regarding the daily SHIB burns, not much has been accomplished in the past 24 hours. Only 76,348 SHIB were ignited, resulting in a 97.77% reduction in burn rate.
https://x.com/shibburn/status/1782771452665577609
The community hasn’t only been setting SHIB on fire, either. A new whale obtained a gigantic 237,868,630,126 SHIB on Monday.
Shytoshi Kusama raises $12 million for L3 network
The SHIB team has raised $12 million from a variety of investors to construct a Layer-3 blockchain on top of the Shibarium network, as previously reported.
The mysterious SHIB lead, Shytoshi Kusama, revealed in today’s tweet that he hasn’t only been going to different areas of the world this year; he’s been travelling to present the SHIB’s plan to potential investors.
The new Layer-3 network will prioritise privacy and security. As an indication of a willingness to work with authorities, transactions will, however, be disclosed to auditors. The much-anticipated, yet-to-be-released TREAT token will power the new network.
In a recent interview, Kusama underlined that the SHIB team is committed to completing the task at hand and would not be “going out and buying Lambos.” The interview was conducted in Dubai. This was allegedly a jab at the disgraced FTX founder Sam Bankman-Fried, who bought himself and the company’s senior executives luxurious automobiles and real estate with millions of customer dollars.
