Data from the prominent Shibburn tracker reveals a massive surge in the SHIB burn rate, astounding the community with such a rapid increase.
Details of SHIB's Record-Breaking Burn Increase
Over the past 24 hours, the number of SHIB meme coins burned has jumped by 771,019%. A total of 18,684,231 SHIB was destroyed, with the largest transaction amounting to 16,035,545 SHIB going to an unspendable wallet.
Weekly SHIB Burn Statistics
Despite the stunning daily rise, the weekly data shows that 74,896,709 SHIB were burned over the past week, indicating an 86.04% drop in the burn rate.
Key Feature of Shibarium L3
The SHIB team is working on the Shibarium layer-3 solution, focusing on privacy. This will be achieved through Fully Homomorphic Encryption (FHE) provided by Shiba Inu's partner, Zama.
The dramatic increase in the SHIB burn rate has sparked significant excitement within the community, further drawing attention to the upcoming Shibarium L3 update.
