The Shibarium blockchain, which was established a few months ago, is already on the verge of breaking a significant milestone since its total transaction count is set to rise to a higher level of 4,000,000, according to the Shibariumscan explorer.
This number is now only 200,000 transactions short of reaching 4 million.
14,030 transactions take place on this network per day. There are now 1,259,958 linked wallet addresses after a gradual increase.
SHIB burn rate plunges hard
The Shibburn tracking platform has shown that, in contrast to Friday, when it displayed startling increase, another significant measure for the Shiba Inu community has decreased over the last 24 hours.
As of Saturday, the SHIB army had reduced the amount of SHIB in circulation by as much as 2,017,183, and the SHIB burn rate had decreased by 98%. There have only been six burn transactions in a 24-hour period thus far.
Here’s who burns 450 million SHIB within 2 days
Friday saw an astounding 1,359.82% increase in SHIB’s burn rate as over 115 million meme coins were moved to unspendable wallets and trapped there permanently.
In almost one transfer, 100,000,000 SHIB were burned, burning virtually all of those millions of SHIB.
On Monday, a comparable portion was burnt. The @theshibdream account revealed out to be the enigmatic whale responsible for sending that enormous quantity of SHIB to the boiler. They had just started a SHIB Dream NFT collection, and with the proceeds, they sent 350,000,000 SHIB to unspendable wallets in two days, in addition to transferring 100,000,000 SHIB to a dead wallet on Friday.
Sending the 100,000,000 SHIB to the same wallet (0x75d9df1efe6d860218afcf5c688f3dad61638d83) resulted in a dead wallet.
