According to a recent tweet released by the Shiite army news media (@ thehibDream), they estimate that once the long-awaited Shibary update runs, Shib Burn trading volume will increase significantly.
This view should be a tweet from the famous Shib-themed anonymous account "Shib Night". The latter shows that Shibburn tracker sharing for one hour microfinance Shib Burn transactions still occur frequently, although the core of the stock market bear market at this stage is the login password industry.
Among other main uses, Shibary can also burn Shib tokens by charging a transaction fee and then burning it, just as real estate developers of Shib and competitor BabyDoge are now doing. This is the burning system. In a later tweet, @ thehibDream pointed out the transactional burning tokens in Shibaurum.
Shiite forces have managed to clean up 20120621 emoticons from commodity circulation in the past 24 hours, according to information released by Shibburn tracking professionals. The burn rate is now up 67.43 per cent, compared with about 12000000 Shib burned on Tuesday.
During this period, the largest burn transfer brought 6123698 hips; otherwise, they did not exceed 3 million Akita dogs.
All in all, the burn rate seems to have something to do with the price of Shib. However, the more cost-effective such coins are, the more they burn Shib. In fact, the opposite is true.
Each price reduction of Akita causes the total burning area of these popular meme coins to become smaller. At the time of writing, the price of Shib changing hands was $0.000007987, down more than 3% in the past 24 hours, according to CoinMarketCap.
