More than 213,344,808 SHIB tokens were burned in past 24 hours
According to the Shibburn website, the Shiba Inu burn rate has increased by over 300%, with more transactions carrying the SHIB recorded in the past 24 hours. In the past day, over 213,344,808 SHIB tokens were burned in 14 transactions. The Shib Burn Twitter handle also reported that 57,304,085 SHIB tokens were burnt 48 hours ago.
As reported by U.Today, more than 1,214,431,010 SHIB tokens were burned in the past week, while 542 million SHIB, or more than half a billion, were sent to dead wallets in the previous week, adding up to billions of SHIB burned since the beginning of August.
As reported, Shiba Inu could burn trillions within months as Shiba developers strive to provide the community with innovative alternatives to Kindle Shiba. In SHIB’s plan to burn trillions, both ShibaSwap 2.0 and the upcoming Layer 2 Shibarium will play a key role.
BONE trading volumes surge 400%
BONE, the governance token of the Shiba Inu ecosystem, is presently up 92.77% at $2.17 thanks to investor optimism. Notably, BONE has gained nearly 150% in the last 48 hours. As a result, 24-hour BONE trading volumes increased by a staggering 400%.
The asset remains bullish as it slowly approaches its 230 million token limit. When 230 million tokens were mined, the Shiba Inu community made the colossal decision to stop all bone farming. The remaining 20 million tokens will be used on the upcoming Layer 2 Shiberium. The maximum supply of Bone tokens is still 250 million.
As reported by U.Today, BlueBit.io has announced that it has listed BONE. Likewise, in a move that expands support for BONE, the Singapore-based MEXC exchange, in collaboration with Bone ShibaSwap (BONE), has announced a prize pool of 5,555 BONE to eligible users who participate in the “Sign up, Deposit & Trade” event.
At the time of publication, the Shiba Inu (SHIB) was also up 6% at $0.0000126 and exhibiting a 13% increase in trading volume.
