SHIB community continues to burn Shiba Inu, even while recently launched Shibarium has faced temporary issues
as the price shed all the gains it came across in August and went down to the $0.000008 level again. The crash of the Bitcoin price well below the $27,000 level has also pushed the SHIB price down, no doubt about that.
Shibburn account on the X app has reported that within the past 24 hours, a total amount of 97,037,885 SHIB has been transacted to"inferno" wallets, where they will be permanently locked and thus moved out of circulation. Thus, the overall burn rate is down 70.58%, per Shibburn.Image via
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