News Flash! Shiba Inu (SHIB), the second largest meme coin, is making waves today (July 1) thanks to its latest development – ​​Shibarium, a layer-2 scaling solution. Total transactions approached 420 million and wallet addresses exceeded 1.8 million, while daily transactions rose to over 14,000 🚀.

Not only that, SHIB's burn rate jumped more than 4,000% in the last 24 hours, removing around 300 million tokens from circulation. The ultimate goal is to reduce the huge circulating supply of coins, making them rarer and potentially more valuable over time.

SHIB is currently the 14th largest cryptocurrency, with a market capitalization of over $10 billion. Several indicators suggest that SHIB could head towards a further uptrend in the future.

What do you think about this latest development? Share in the comments column!#ShibaInu#Shibarium #CryptoNews