The Shiba Inu (SHIB), price gains momentum as Ethereum whales grab huge Shiba Inu coins. The community anticipates a huge rise in SHIB use and utility in 2023, despite the fact that core developers Shytoshi Kusama as well as Trophias and the Shiba Inu Ecosystem hinting at the launch of the Shibarium Layer-2 Blockchain soon.
Shiba Inu Burn Rate Increases ahead of Shibarium
Shiba Inu tracker Shibburn reported a significant increase in the number of tokens being burned in Shiba Inu’s burn rate in a tweet posted on January 3. In the last 24 hours, 182,339.090 SHIB tokens have been burned. 11 transactions were made to remove Shiba Inu tokens. This led to a massive increase in SHIB burning.

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According to the Shibburn website the burn rate and transactions have been growing rapidly in the last few days. 13 transactions saw the burning of 159,411,895 SHIB tokens on January 2.
A New Year’s Eve address sent 297.290,339 SHIB tokens (which were sent to the burn address) to increase the burn rate by 13,198%. The anticipated Shibarium launch in 2023 is fast approaching and whales are returning. In the last 24 hours, the mysterious address has sent 73.996,550 SHIB tokens again to the burn address.
WhaleStats data shows that the ShibaInu token is the most frequently purchased token by Ethereum whales. Shiba Inu is also the most popular smart contract among top Ethereum whales over the past 24 hours. In the last few days, both whale activity and development activity have been increasing for Shiba Inu.
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Rally for Shiba Inu & BONE Price

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The Shiba Inu coin’s price has gained momentum over the past few days due to Shibarium’s launch soon. The SHIB price currently trades at $0.0000082, an increase of almost 2% in the past 24 hours. The low and high for the 24-hour are $0.000008129, and $0.0008236, respectively.
The Shibarium gas token BONE trades 6% higher at $0.89. The 24-hour lows and highs are $0.8501 and $0.901, respectively.
Also read: Bitcoin Price Bottom Fast Approaching, Time To Buy The Dip

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