Amidst a sharp decline in SHIB token burning, the community remains active. Meanwhile, a new block explorer for the third-level Shib Alpha Layer has been launched.
Drop in SHIB Burn Rate
Data from a prominent SHIB wallet tracker indicates that the burn rate of SHIB has plummeted nearly 100% over the past 24 hours.
Community Continues to Burn SHIB
Despite the decline, the SHIB community managed to burn a total of 46,451,929 SHIB tokens over the past week by transferring them to unspendable blockchain addresses.
Launch of Alpha Layer Block Explorer
The SHIB team announced the launch of a block explorer for the Shib Alpha Layer, currently running in test mode, which provides access to real-time block and transaction data.
The decline in SHIB burn rate highlights the instability of the token, yet the community active continues its burning initiatives. The new block explorer signifies further development in the SHIB ecosystem.
