Millions of SHIB were burned in the past week, with 373,715,046 tokens burned in 58 transactions, amounting to $3,269.69. This marked a significant increase from the previous week’s burn, where 259,383,545 SHIB tokens were burned in 66 transactions.
The weekly burn rate, according to Shibburn, was notably higher at 44.06%. In the last 24 hours, a substantial amount of SHIB was burned, although the daily burn rate decreased to 43.54%. Over this period, 20,002,824 SHIB tokens were burned in 19 transactions.
Additionally, the Shiba Inu network achieved a new milestone with a total of 3.65 million addresses, encompassing all created addresses and those still holding SHIB. Out of this, 1.26 million addresses have a SHIB balance.
Over time, the total number of addresses with a balance indicates the interest in holding and investing in a specific cryptocurrency. An increase in addresses with a balance is generally seen as positive, signaling a stronger and expanding user base.
Shiba Inu Unveils Exciting Surprise for Its Community
In the recently concluded week, Shiba Inu introduced the Shib Magazine, serving as a portal to innovative concepts, the latest developments, and intriguing updates from the Shibarium ecosystem and beyond.
The unveiling of the inaugural edition of Shiba Inu’s magazine came with a special offer for early subscribers: 1,000 complimentary NFTs featuring the cover of the first edition.
Now, as the second edition is set to be released, Shiba Inu has a surprise in store for its community—an additional 3,000 free NFT covers for subscribers.
⚠️Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.