Key Points: The official account of the Shib army news site (@theshibdream) predicts a sharp rise in SHIB burn transactions once the Shibarium upgrade is completed.
Shibarium can use SHIB tokens to burn by imposing a transaction fee. It will then burn, much like what BabyDoge’s developers do with SHIB.
Data from Shibburn tracking shows that 20120,621 memes were taken out by the SHIB army within the last 24 hours. The SHIB has burned nearly 12,000,000 more SHIB on Tuesday than the burn rate.
According to a recent tweet by @theshibdream, the official account of the Shib army news site (@theshibdream), they expect a sharp rise in SHIB transactions once the Shibarium upgrade starts. This was in response to a tweet from “SHIB Night,” which claimed that small SHIB transactions are being shared fairly frequently despite the bearish cryptocurrency market. Shibarium can also burn SHIB tokens, by charging a transaction fee. This will allow it to burn the tokens, much like BabyDoge’s developers do with SHIB. The tweet above shows that @theshibdream suggested transactional burns of tokens on Shibarium. This is similar to what BabyDoge’s developers are doing with SHIB. Shibburn tracking data shows that the SHIB army took out of circulation 20,120,621 meme coin in the last 24 hours. The burn rate has increased by 67.43% compared to Tuesday’s close to 12,000,000 SHIB. However, the number Shiba Inu didn’t reach 3,000,000. There is a correlation between the SHIB price and the burn rate. Contrary to popular belief however, it is not necessary to burn more SHIB when the price of this coin drops. With each subsequent drop in the price Shiba Inu, the amount of SHIB that is burned decreases. According to CoinCu, SHIB is down 1,90% over the last 24 hours and is currently trading at $0.00000805.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comAnnieCoincu NewsTags: SHIBSHIB armySHIB burn transactionsSHIB BurnsShibariumtheshibdream