Shiba Inu Community Burns Over 1.6 Billion SHIB Tokens in June
– In the past month, the shiba inu community burned a staggering 1,653,845,435 SHIB meme coins by sending them to empty wallets.
– Daily burning rates are volatile and can turn negative, but on June 30, the burn rate spiked by 1,800% due to locking SHIB in unspendable addresses.
– Game creator Shytoshi Kusama’s tweets and statements hinted at something physical coming and SHIB going somewhere, leading to increased spending of the meme currency.
– SHIB recently partnered with Shibcals to bring the brand into the physical realm through apparel and merchandise.
– There is speculation that the SHIB team might participate in the ETHToronto event, where Vitalik Buterin is honored, potentially debuting the layer-2 solution, Shibarium, in Canada.
Since its testnet release in March, Shibarium has achieved significant milestones, with 17,019,690 connected wallets and 25,955,919 transactions. The launch date and plan for Shibarium are already set and cannot be changed.
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