According to the latest data shared by the Shibburn blockchain tracking platform, the SHIB community has successfully burned more than 100 million meme coins in the past week. Meanwhile, the Shiba Inu price has fallen sharply by 7.60% in the past 24 hours. Weekly SHIB Burn Stampede A recent tweet from Shibburn shows that over the past seven days, more than 114 million SHIB meme coins have been transferred from the circulating supply to the "inferno" blockchain address and locked there.
As a result, the weekly SHIB destruction rate jumped by more than 790%. As for the daily destruction rate, the indicator shows a negative 97.66%, and so far, only 1,627,406 SHIBs have been destroyed in the past 24 hours.
According to the Shibburn website, five destruction transactions have been completed so far. Overall, there are still 583,447,316,446,911 SHIB memecoins in circulation, while almost the same amount of SHIB — 410,728,078,016,596 — has been burned.
Shytoshi Kusama releases important SHIB DAO news According to U.Today's earlier report, last weekend, the mysterious leader of the Shiba Inu team released an important message, emphasizing the important role of LEASH holders in the SHIB DAO that will be integrated on Shibarium. Kusama emphasized that LEASH holders will act as a type of mediator responsible for "maintaining order and protecting the system."
In addition, they will also have the opportunity to vote on disputes in the DAO. According to a tweet posted by another senior member of the SHIB team, Lucie, BONE and SHIB holders will also have voting rights in the decentralized autonomous organization (DAO) that is ready to launch. By voting with their tokens, SHIB holders will be able to participate in decisions related to philanthropy and promoting SHIB community values. BONE holders will have the right to have a say in decisions related to advancing blockchain knowledge and innovation (Education and Research Committee) and shaping the development of the SHIB ecosystem (Technical Committee). Lucie posted a tweet in response to the arrest of Telegram and TON token founder Pavel Durov in Paris last weekend. She emphasized that this action is an attack on the cryptocurrency space and freedom of speech.
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