Shiba Inu (SHIB) Burn Rate Rises 140% as Kusama Says 'Shibarium Is Ready'

ShibaInu burn rate soars 140% on the recent Shibarium news. shibburn

to"inferno" addresses, thus reducing the circulating supply of this popular dog-themed cryptocurrency by slightly over 15 million SHIB. This made the burn rate jump by over 100%.

In the meantime, the second largest meme coin, Shiba Inu, has reached a new milestone with top Ethereum whales and the lead developer of SHIB has announced that Shibarium is finally ready.Shibburn tracker of dead wallet transfers has spread the word that during the period of the past 24 hours, the Shiba Inu community has succeeded in burning a total of 15,864,944 SHIB.

This raised the burn rate by almost 140% compared to the previous few days, when the rate of burning remained negative for two consecutive days.army managed to send only 102,145,155 meme coins, locking them up in unspendable wallets for good. This, however, is a poor result compared to previous burns, when hundreds of millions of SHIB were removed within a period of only 24 hours.

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