Millions of SHIB were burnt in the last week, according to the Shibburn X website. 373,715,046 SHIB tokens were burnt in 58 transactions over the previous seven days. This translated into a monetary value of $3,269.69.
Compared to the previous week, when 259,383,545 SHIB tokens were burnt in 66 transactions, this was a far greater amount.
Shibburn published a graphic showing a greater weekly burn rate of 44.06%. Even though the daily burn rate decreased by 43.54%, a sizable amount of SHIB was burned on the previous day. Nineteen transactions totaling 20,002,824 SHIB tokens were burnt in the last day.
https://x.com/shibburn/status/1723567060679049521?s=20
Furthermore, the total number of addresses on the Shiba Inu network—all newly established addresses as well as those that still hold SHIB—has reached a new record.
The total number of Shiba Inus that have addresses is currently 3.65 million; of them, 1.26 million have SHIB balances.
In the long term, interest in keeping and investing in a particular crypto asset is reflected in the total number of addresses having a balance. An increase in addresses with a balance is usually regarded as positive as it suggests a more stable and expanding user base.
Shiba Inu unveils wonderful treat for community
Shiba Inu debuted the Shib Magazine this past week, which serves as a portal to innovative concepts, the newest innovations, and intriguing news from the Shibarium environment and beyond.
A special bonus for early subscribers was offered along with the Shiba Inu first edition reveal: 1,000 complimentary NFTs of the cover.
With the release of the second edition rapidly approaching, Shiba Inu surprises its community with 3,000 complimentary NFT covers for subscribers.
