SHIB burns have dropped to new lows every week recently, despite several SHIB updates announced this week
Wallet tracker Shibburn reported that in the past seven days, the SHIB army managed to destroy 85% less SHIB than a week before. The burn rate is deep red on both a daily and weekly basis today.
According to a recent tweet, in the past 24 hours, the total number of SHIBs withdrawn from circulation amounts to as little as 360,222 meme pieces. That’s 84% less than yesterday.
In terms of weekly burns, in the past seven days a total of 66,116,769 SHIBs have been destroyed.
SHIB TIMETABLE UPDATE$SHIB Price: $0.00000691 (1h -0.36% ▼ | 24h 1.93% ▲ )
Market Cap: $4,076,772,854 (1.89% ▲)
Total supply: 589,350,733,679,042BURNED TOKENS
Last 24 hours: 360,222 (-83.93% ▼)
Last 7 days: 66,116,769 (-85.09% ▼)— Shibburn (@shibburn) June 17, 2023
Due to the extremely low daily consumption this week and the aforementioned one as well, the weekly consumption fell by 85.09% compared to Friday, when the overall amount constituted 293,566,203 SHIB.
Shytoshi Kusama announces Shibcalls – new IRL component
As reported by U.Today, earlier this week the lead developer of Shiba Inu and its layer 2 protocol Shibarium known to the community as Shytoshi Kusama brought a new feature to the SHIB Army’s attention. SHIB called “Shibcalls”.
He posted a link to their Twitter account on the Shibarium Telegram channel, calling them “one step closer to Shibarium”. Team SHIB’s Content Marketing Manager Lucie then shared the details of what Shibcalls can do in a tweet. She called them an “IRL” component (in real life), stating that this team will be able to produce various SHIB-themed merchandise.
The IRL component, Lucie tweeted, will allow the Shiba Inu ecosystem to expand far beyond the “digital realm” of the internet and into the physical world.
