SHIB Army Sees Massive Drop in Burn Rates, Here's What's Happening to Price

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SHIB Army Sees Massive Drop in Burn Rates, Here's What's Happening to Price
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It has been an awful weekend for $SHIB burns, and the price is still unable to recover. ShibaInu Shibburn

Since Saturday, May 6, top meme cryptocurrency Shiba Inu has been showing a major decline, having dropped by more than 11%. That was the day when SHIB"added" the fifth zero to its price.

Since May 11, the second largest meme coin by market capitalization value has been exchanging hands in the $0.00000889 range, often diving lower but then eventually rising again. Therefore, over the past four days, the losses of SHIB have been less than 1%.As reported by U.Today earlier, the Shiba Inu team was building a customizedand other digital currencies. Now, more details have been shared by a top member of the dev team.

The cold wallet is being created in cooperation with Tangem, a blockchain firm based in Switzerland. Member of the SHIB team @LucieSHIB has shared that the wallet will be able to work with more than 6,000 cryptocurrencies and will provide its users with access to NFTs, DeFi apps and decentralized exchanges . The wallet will be the size of a bank card with no batteries or cables necessary for charging.

The company promises that these wallets will be able to run for at least 25 years, helping to store and transact crypto.

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