In last 24 Hours, more than 62 billion SHIB tokens were intentionally burned and sent to an dead address that no longer exists. As a consequence of these tokens being removed from circulation, there is a possibility that the value of SHIB may increase. These SHIB tokens were reportedly destroyed in a total of eight different transactions, as stated by Shibburn.
The Shiba Inu (SHIB) has seen considerable growth over the last several days, with its value increasing by around 41.39 percent over the past week while other altcoins struggling to recover.
Ethereum Whales Purchased 150 Billion SHIB Tokens
According to the statistics provided by WhaleStats which tracks the activity of cryptocurrency whales, ETH whales made purchases equaling about 150 billion SHIB.
SHIB is presently one of the top three most bought currencies among the top 100 Ethereum whales.
At the moment, SHIB is one of the top three currencies that are acquired the most often by the top one hundred Ethereum whales.
The purchase of Ethereum’s top whales by SHIB has resulted in an increase in the price of the token as SHIB is Up 40% over the past week alone.
Shibarium Public Beta Launch
The Shibarium Public Beta TestNet will enable full network interaction and the validation procedure to be completed by users when it becomes online in the third quarter of this year.
The Shiba Inu community uses the ShibaInuart Twitter account, which is controlled by the community, to communicate its desires throughout the beta period.
“workflows of critical areas for individuals interacting with the blockchain ecosystem will assist in the evaluation of the following: performance benchmarking, usability optimization, and architectural stability,” as stated in the plan for the Shibarium Public Beta TestNet.