As more than half a billion SHIB were burnt at this time, Shibburn reports that the weekly burn rate for Shiba Inus has increased by 961.53%.
44 transactions during the last seven days burnt a total of 527,485,988 SHIB tokens. This was equivalent to $4430.88 in cash.
49,691,122 SHIB tokens were burnt the previous week—the fewest in months. In the previous 24 hours, nine transactions have burnt a total of 20,515,829 SHIB tokens, contributing to the daily SHIB burn rate surge of 644.86%.
https://x.com/shibburn/status/1731177206917832710?s=20
As optimism rises within the Shiba Inu ecosystem, there is an increase in Shiba Inu burns.
A new peak of 7.4 million daily transactions has been achieved by Shibarium. The previous day saw 5.1 million daily transactions on the Shiba Inu Layer 2 protocol, 500 times more than the norm of 10,000 daily transactions.
According to Shibariumscan, following the enormous spike in transactions, Shibarium achieved the 20 million overall transaction milestone, reaching 20,493,282 at the time of publication.
Shiba Inu community gets warning
An important warning has been sent out to the Shiba Inu community by Shibarmy Scam Alerts, an X account devoted to safeguarding the Shiba Inu community and exposing frauds. According to the report, certain links on CoinMarketCap are leading gullible visitors to phoney Discord servers, where they are required to connect their wallets for alleged verification before being allowed to access the server.
Because this technique permits unauthorised access to wallets and might result in a loss of cash, users are advised to exercise caution.
Users of Shiba Inus are urged to confirm the authenticity of Discord servers by looking into projects from various sources and making sure the data is accurate. They ought to exercise caution as well, double-checking URLs before clicking on any links and not linking their wallets until they have finished thorough verification.
