Shiba Inu (SHIB) Presents New Burn Contract and Mainnet Update
Great news for Shiba Inu (SHIB) followers! The upcoming mainnet update of Shibarium will include a renewed burn contract designed to optimize the ecosystem. Additionally, this update will enhance the Heimdall and Bor hardforks, aligning Shibarium with Ethereum's Dencun hardfork.
Details of the New Burn Contract:
• The contract will be implemented in block 8200512.
• Its main objective is to reduce the total supply of SHIB tokens, enhancing the value for holders.
Recent Price Evolution of SHIB:
• SHIB has experienced a growth of 19.01% in the last seven days.
• However, the RSI indicator shows signs of cooling after reaching overbought levels, which could anticipate a short-term correction.
Whale Movement:
• In the last month, the number of whale addresses holding more than 1 billion SHIB has decreased by 155, reflecting a decline in large investors.
Future Outlook for SHIB:
• Both the new burn contract and updates in Shibarium promise significant advancements for the ecosystem.
• Investors should be attentive to market trends and possible price adjustments as these improvements are implemented.
This update not only strengthens the functionality of Shibarium but also aims to consolidate the long-term value of SHIB within the market.