Shiba Inu, one of the leading Ethereum-based altcoins, has witnessed a significant price increase despite a decrease in token burning activities. This has caught the attention of the cryptocurrency world. Shibburn, which reflects token burning data, has reported a decrease in SHIB token burnings.
Shibarium, a second-layer blockchain for Shiba Inu, has seen a significant increase in testnet activities. This has sparked rumors among crypto traders and investors.
According to the data provided by Shibburn, there has been a 34.89% decrease in the burning rate of Shiba Inu in the past twenty-four hours. Additionally, only 5.94 million tokens have been burned in the last twenty-four hours. There has also been a 43.33% decrease in the burning rate in the past week, with a total of 130.90 million SHIB tokens burned.
The Shiba Inu crypto community has made headlines in the crypto world by burning SHIB tokens in recent weeks. The community has burned 410.662 trillion SHIB tokens through transactions. This burning process is a result of the community’s support for the tokens.
Currently, Shiba Inu is trading at $0.000008329 with a 1.27% increase in the past twenty-four hours. However, the token experienced a slight decrease of 3.28% last week. The twenty-four-hour trading volume has reached $119.77 million with a significant 17.63% increase.