Shiba Inu Burn Rate Plummets With Only 22 Million SHIB Burned in Week

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Shiba Inu Burn Rate Plummets With Only 22 Million SHIB Burned in Week
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22 million SHIB burned in week as Shiba Inu burning takes a dive Shibburn ShibArmy SHIBCommunity $SHIB

The weekly amount burned is significantly less than that burned the week before. In the last two weeks, a total of 70,335,285 SHIB tokens were burned in 23 transactions. The Shiba Inu burning factor seems to be diving in the very short term.

The reason might be due to the Shiba Inu community focusing on other positive fundamental boosts for the ecosystem, such as Shibarium. Shibarium beta"Puppynet" continues to see greater utility, as evidenced by the number of interacting wallets and transaction count. The total number of wallets per Puppyscan data is 14,047,357, while total transactions are now at 4,632,926.Meanwhile, the just-concluded week turned out to be a remarkable one for Shiba Inu ecosystem tokens, most notably BONE, which saw six exchange listings in the week, including major exchanges OKX and Huobi Global.

The Shiba Inu ecosystem also saw more visibility and development. Marcie Jastrow, Shiba Inu's advisor, excitedly tweeted about Shiba Inu's presence at the Consensus 2023 conference.

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