More than half a billion SHIB tokens have been burnt overnight
SHIB Token Burn Reflects Shibarium Anticipation Whales within the Shiba Inu ecosystem are doing a lot to help bolster the overall outlook of the protocol ahead of the full launch of the Shibarium L2 on the mainnet. According to data from Shibburn, a total of 581,549,041 SHIB tokens have been sent to dead wallets in the past 24 hours, with active contribution from more than one wallet. advertisement The SHIB token burn metric is a very important one as it gives an insight into how willing large amounts of tokens are deflated from the general supply. As a memecoin with tons of tokens in circulation, defining a steady deflationary model is crucial to attracting the right investor base post-Shibarium launch. The positive sentiment surrounding Shibarium has been in the community for several months now and the need to get onboard the protocol has pushed a lot of enthusiasts to try out the PuppyNet testnet. These trials have in turn contributed to the impressive mil...