The Shiba Inu meme token’s burn fee remains in the pink zone as the amount of SHIB burned per day this week grows smaller. In the meantime, the SHIB burn fee has fallen by nearly 20% compared to the one measured on Thursday morning.
However, several potential factors could prevent the SHIB army from burning more meme tokens. These are the SHIB value fluctuating with a large amplitude and the group’s distraction from specializing in burns due to the upcoming Shibarium launch. Or, to put it another way, the uncertainty about whether it will be released shortly.
In 24 hours, 4.4 million SHIBs were eliminated.
According to information shared by the Shibburn monitoring portal, in the previous 24 hours, 4,383,328 SHIB were sent to “inferno” wallets in total in only four transactions. Compared to yesterday, there are nearly 20% fewer burned meme tokens.
The burn fee of the second most popular dog-themed cryptocurrency has decreased this week, as it was last week. Shiba Inu’s value increased by roughly 7% after a string of inexperienced candles appeared on an hourly chart. Nonetheless, it has dropped by nearly half of yesterday’s gain since then.
Since Feb. 9, the SHIB value has seen several massive rises and falls, totaling roughly 10% growth.
The SHIB military is betting on whether or not the Shibarium launch will occur this week.
The discharge of the Shibarium beta this week was confirmed by lead Shiba Inu developer Shytoshi Kusama on Sunday.
Some key SHIB members are skeptical that it will happen this week or in the coming months.
The first doubts about the launch began to surface in the Telegram chat “All Issues Shibarium,” which is managed by Shytoshi. After that, he disabled posting new messages until the Shibarium docs were launched.
