The SHIB Burn Has Increased Significantly, What Does It Have to Do With the Shibarium?


The Shiba Inu fire rate jumps significantly before the start of the Shibarium as the whale sends nearly 300 million SHIBs to call the fire address.

Shiba Inu burn rates have increased 13,198% in the past 24 hours, according to the SHIB Shibburn Burn Tracker. The high rate of fire is tied to the return of whales and the planned launch of the Layer 2 blockchain solution Shibarium in early 2023. and augment.

The number of Shiba Inu fires increases significantly before the introduction of Shibarium

According to the Shibburn website, 302,506,518 Shiba Inu (SHIB) tokens have been fired in the past 24 hours, up 13,198% from the previous day’s fire. The huge increase in SHIB fire is just 5 businesses that helped remove the Shiba Inu brand from the media. There has been a significant increase in the number of fires this month, which makes the increase in the number of fires in the last 24 hours remarkable. In the bear market, the Shiba Inu has a huge whale market. However, the whales seem to have returned to town, buying large SHIBs or sending them directly to.

In an attempt to reduce the large amount of money of high-end crypto companies, the Shiba Inu address sent 297,290,339 SHIB tokens to the fire address. The Etherscan data also shows that whales are selling other tokens at different empty addresses. SHIB fans are anticipating the planned release of Shibarium in early 2023 by getting tips from designer Shytoshi Kusama on the Shiba Inu environment Twitter account.

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Will SHIB price increase in 2023?

Shiba Inu ecosystem tokens SHIB and BONE saw a jump of more than 5% on Friday due to the gathering of whales in the middle of Shibarium’s assessment starting in early 2023.

Whale tracking platform WhaleStats reports that SHIB is the top 10 purchased token among major Ethereum whales in the last 24 hours. A whale bought 862,364,719,323 SHIB tokens from Bitvavo on December 29. The whale transferred all SHIB to a new address with more than three trillion SHIB. SHIB stock is currently trading at $0.000008045, down 1% in the last 24 hours. Trading prices have decreased in the last 24 hours because of the new year.

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