The Shiba Inu community has succeeded in raising this measure once more to a high level after yet another day of negative burn rate. This specific transfer out of circulation involved about 80 million SHIB meme coins, and during the last day, the price of SHIB has somewhat increased.
SHIB is now trading at $0.00000767, according to CoinMarketCap. On this crypto data platform, Shiba Inu was just relegated to position number 19, where it is now.
Burn rate soars 546%
According to a recent tweet from the Shibburn cryptocurrency tracking website, the burn rate of Shiba Inu coins increased by 546.18% after a total of 78,248,958 SHIB were delivered to dead wallets since yesterday morning.
More than half of the total above-mentioned SHIB quantity, or 59,972,026 SHIB, was contained in the largest single cache that was transferred to a “burn” wallet.
Regarding the weekly burns, the SHIB army burned 233,385,451 meme coins in the previous week. If it weren’t for the fact that this hoard is 78.87% less than what was burnt the week before, this statistic would appear to be remarkable.
Shibarium hits new utility milestone
Shibarium is a Layer 2 blockchain for Shiba Inu, whose Puppynet testnet was introduced on March 11. Since then, it has swiftly surpassed previous records and reached all-time highs in a variety of categories.
These are the quantity of linked wallets, the volume of transactions, and the quantity of blocks that have been mined. The overall number of transactions reached a new high during the last three days, increasing by another million. The current value of this statistic is 26,654,133.
According to Puppyscan, there are 17,048,808 wallets connected to Puppynet. There have been 1,548,369 blocks mined, with an average block duration of five seconds.
Number of new SHIB wallets hits new high
As of the end of June, there were almost 4,000 new Shiba Inu wallets, up from only 877 on May 21, according to data recently published by data provider IntoTheBlock. This demonstrates a good second-quarter finish for the new SHIB wallet count.
In addition, Tangem, a Swiss cryptocurrency wallet manufacturer that recently joined with SHIB, reported that it has sent the first delivery of 5,000 cold SHIB wallets to Hong Kong. According to predictions, the corporation will begin sending the preordered wallets to the customers on July 24.
