Shiba Inu Burn Rate Spikes Over 10000% After A Day Of Massive Pullback

Shiba Inu Coin News: The SHIB token burn rate shoots up by 10960.22% over the previous 24 hours. Within the last 24 hours, there were 57 transactions and a collective burn of 934,428,791 SHIB tokens.

Timeline of Shiba-inu

Shiba Inu's (CRYPTO: SHIB) burn rate spiked by 10,900% in the last 24 hours, days after the Shibarum beta launched. What Happened: Data from Shibburn reveals that in the last 24 hours, 934 million SHIB has been transferred to a dead wallet.

Bankrupt cryptocurrency lender Voyager Digital has sent an additional 270 billion tokens of the meme-inspired cryptocurrency Shiba Inu ($SHIB) to the Nasdaq-listed cryptocurrency exchange Coinbase, alongside other tokens including Ethereum's ether.

A Shiba Inu (SHIB) whale is abruptly moving hundreds of billions of tokens as a project developer debunks rumors that Shibarium, the ecosystem's new layer-2 protocol, utilizes stolen code.

More than 3.8 billion Shiba Inu (SHIB) tokens were burned and permanently eliminated in the five days following Shibarium's beta launch. According to the Shiba Inu burn tracking site Shibburn, SHIB's burn rate exploded by 1,316.

After being accused of being a clone, Shibarium, a Layer-2 solution for the Shiba Inu cryptocurrency, has caused turmoil within the community, leading to a sharp collapse for Shiba Inu, which has emerged as one of the dominant meme coins after Dogecoin.

Shiba Inu Coin News: Shiba Inu's (SHIB) upcoming Shibarium blockchain has already landed into controversy. It is alleged that the Shiba Inu developers have copied Rinia which is a different project.

The Shiba Inu price has fallen by 4% in the past 24 hours, dropping to $0.00001057 after the emergence of claims that code for the Shibarium layer-two network had been copied from the Rinia blockchain.

The Shiba Inu team has announced that there is a new shib.io website, debuting a new and improved Shib the metaverse branding.  There was a mistake with Shibarium Beta chain ID, the Shiba Inu developer also revealed.

The latest Shibarium Layer 2 scandal has attracted negative attention to Shiba Inu (SHIB) and the $BONE ecosystem. With the Shibarium layer 2 developers accused of source code copyright infringement, investors have been fleeing the networks at an unprecedented rate.

Bankrupt crypto lender Voyager Digital moved 270 billion Shiba Inu (SHIB) tokens to top US crypto exchange Coinbase in a 12-hour period this week, according to the blockchain security firm Peckshield. Those 270 billion SHIB tokens were worth about $3 million at time of transfer.