According to U.Today, the Shiba Inu community continues to destroy SHIB Meme coins, despite the sharp decline in Shibarium's key indicators. Recently, a large amount of SHIB has been transferred to unusable blockchain addresses, even though Shibarium's key indicators have fallen sharply. However, SHIB prices are still trying to break through the range.

According to the latest update from the destruction tracking website Shibburn, in the past 24 hours, the SHIB Corps successfully transferred tens of millions of SHIB to unusable blockchain addresses, permanently locking up 24,360,186 Meme coins, causing the destruction rate of this Meme cryptocurrency to increase by 25.92%.

Additionally, the Shibariumscan explorer shared information about one of the key metrics for Shibarium, the second layer solution built by the SHIB team on top of Ethereum, which fell again after showing a significant increase earlier this week. Despite the Shiba Inu team signing major partnerships with major partners and the total number of Shibarium accounts skyrocketing from around 75,000 to over 100,000 in a few days in early April, the slowdown in Shibarium’s utility is still evident.