According to information published by the Shibburn tracking site earlier today, the weekly burn rate of SHIB has decreased by about 80% even though the price of Shiba Inus has increased recently.
According to a recent statement from Shytoshi Kusama, the launch of the Shibarium Layer 2 blockchain appears to have begun or is at the very least extremely close to doing so. In addition, Shiba Inu has dropped to position 19 on CoinMarketCap.
Close to 300 million SHIB destroyed last week
According to a recent tweet from Shibburn, the SHIB community moved 259,435,386 Shiba Inu meme coins to inactive wallets over the course of the previous seven days. However, this is 75.08% less than what was consumed the week before last.
Shibburn claimed that 12,109,422 SHIB were burnt in total during the last 24 hours, which is 33.63% less than on Sunday, when the SHIB army torched 18,246,034 Shiba Inu meme currencies and the burn rate was up 135.16%.
Shibburn also provided some data on the total number of burns made in June during the weekend. 1,653,845,435 meme coins, an astounding number of SHIB, were moved to non-spendable wallets last month.
Shytoshi Kusama talks about “launch strategy”
Shytoshi Kusama, the leader of the Shiba Inu meme currency team under an assumed name, indicated a “launch strategy” last week in the Telegram channel “Shibarium Tech,” leading many SHIB supporters to believe Kusama was talking to Shibarium.
Even though several people have urged him to move up the debut date, Shytoshi intimated that he already has a predetermined schedule in place and is unable to alter it. Additionally, Shytoshi announced that SHIB was “going somewhere” outside of the United States.
Some SHIB users think Kusama intended for Canada to attend the ETHToronto conference, which will be held in Toronto on August 15–16. When Kusama said that “everything is already set” and cannot be modified, he may have been alluding to the “plan” and “date” in question.
SHIB market performance
The famous Shiba Inu meme coin, known as SHIB, showed a little increase of 2.15% over the previous day and is currently trading at $0.00000770.
Since last Friday, June 30, or a few days ago, SHIB’s market value has increased by 5.26%.
