The burn rate of SHIB increased by 1000% last Tuesday.

Shibarium user wallets have reached the milestone of 2 million.

Investors are optimistic about the price dynamics of SHIB.

The burn rate of SHIB increased by 1000% last Tuesday, affecting the cryptocurrency's supply. This surge significantly impacted the supply of SHIB, and now the crypto community is pondering whether trillions of tokens can be burned next time.

According to Shibbern

During the last burn event, the Shiba Inu blockchain removed 51.76 million SHIB tokens, which is 1068% more than the previous event. This increase boosted the weekly burn volume of the meme coin to 2.44 billion tokens after the network removed 410.74 trillion tokens from the total initial supply, reducing its total amount to 589.25 trillion.

Such a sharp reduction in SHIB's circulating supply has sparked discussions about whether the burn rate can lead to significant price increases, while some investors are observing the long-term consequences of the aggressive Shiba Inu burning strategy.

The spread of Shibarium is growing.

SHIB users are optimistic after the sharp increase in the burn rate of the crypto tokens. Other network events are also instilling optimism in investors regarding the dog-themed meme coin. Shibarium, the second-layer network of Shiba Inu, has experienced a noticeable surge in popularity among users. On-chain data shows that the network has reached two million wallet addresses.