SHIB Burn Rate Up By 120%; Coincides With Critical BONE Update
Author: Elena RElena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
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May 30, 2024 17:50
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
The Shibburn platform has revealed another multi-million SHIB lump transferred out of the circulating supply. Within the last 24 hrs, the SHIB army burned 3,375,381 SHIB pushing the burn rate up substantially by 120%. It took 13 transactions to destroy those coins. A major Shibarium update coincided with the burn. The SHIB developer team has integrated a major update on the layer 2 blockchain. The bridge time to transfer BONE from Shibarium to Ethereum is been massively reduced from 7 days to 45 minutes, making it a faster and smoother experience.
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