- The burn speed of Shib rose 3,484% in 24 hours by more than 537 million tokens.
- Three large transfers from one wallet contributed most of the 537 million Shib burned.
- Weekly Shiba inu token Burns reached 687 million, which marked an increase of 481% compared to the previous week.
The burn activity of Shiba Inu (SHIB) has not shown any signs of delay because the community has burned more than 537 billion tokens in the last 24 hours. According to data on the chain, the daily Shib fire speed has risen by 3,484%.
This development comes after a week of relative activity, where the sliding price falls by approximately 5% after the market on Friday.
According to Shib Burn -Tracking platforms, one day 537.187.730 Shib -Tokens were transferred to burn addresses, where they are no longer accessible. Five major transactions facilitated the majority of this burn.
In particular, three of the largest burns, 310.744.788 Shib, 107.333.061 Shib and 103.276.575 Shib, were made by the same anonymous wallet, and they were all made apart within minutes. These burns emphasize the determination of the Shib community to reduce the supply and to improve the long-term prospects.
This sentiment was maintained by Shiba inu holders during the week as the total number of burned shook increased to 687.249.104. This activity represented a weekly increase of 481% and the vast majority of the tokens was burned during the session on Friday. The survival of these initiatives shows a constant plan to reduce the range of Shib in circulation and possibly stabilize the price.
Chief developer Shytoshi Kusama focuses on community and scams
While the community focused on reducing the offer, main developer Shytoshi Kusama broke a two -week silence on social media and the future development of the project broke up.
Kusama gave a message on his telegram channel, later shared by Shib’s marketing leader Lucie on X (formerly Twitter). In his update, Kusama repeated plans to release the long-awaited Shib AI-WHITPEPER, a movement that is expected to outline the next phase of Shiba Inu’s ecosystem development.
He stated: “I will explain what I have come up with here and organize so that we can move forward.” This statement suggests that the Shib team is preparing for further innovation, after the recent deployment of the Shiba Alpha layer -an L3 solution for the Shibarium network.
Moreover, Kusama has tackled the persistent issue of swindling atmosphere in the Shib community. He advised holders to ignore and said scammers: “They don’t understand how I work and don’t have to do that.” His strong position served to calm the members of the community after raised cases of fraudsters who wanted to cash in on the popularity of Shiba Inu.
Shiba Inu ecosystem continues with major technical upgrades
The recent peak in Shib Burns and developer activity is associated with the most important technical upgrades of the Shiba Inu Ecosystem. The launch of the Shiba Alpha layer can be considered a remarkable milestone in the development of the possibilities of Shibarium A Layer-2 Blockchain solution developed in the project.
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