Shiba Inu has established itself as one of the most prominent meme coins in cryptocurrency. The meme coins were initially identified as mere meme tokens, but they have since proven to be much more. Shiba Inu and its developments are responsible for most meme coin growth.
Even though Dogecoin is known as the “king of meme coins,” Shiba Inu is undoubtedly the most developed. The SHIB team has worked on various projects for the SHIB Army. Shibarium, the Shiba Eternity Game, and SHIB burns are examples. The SHIB burn initiative arose from the need to reduce the amount of SHIB in circulation. This, in turn, is done to create scarcity and raise prices.
Shibburn is a major cause of SHIB burn. The website has assisted in the burning of 410,383,044,541,504 of its initial supply. Shibburn provides burn statistics for the entire 24-hour period. In one of the most recent tweets, the platform mentioned that a major upgrade is on the way.
Shibburn Will Redesign Its Website With Significant Improvements
Shibburn mentioned a major platform upgrade in one of its recent tweet replies. A Twitter user thanked the platform for providing the burns’ 24-hour statistics. The user also inquired about the integration of weekly and monthly statistics.
Shibburn responded to the tweet, stating that the upgrades will be available on their newly redesigned website. According to the tweet, the upgraded website will also be available this month.
According to Shibburn data, the burn rate has increased by 43.96% in the last 24 hours. During this time, 6,053,524 SHIB were sent to dead wallets.