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According to the Shibburn X Page, millions of SHIB were burned in the week just concluded. In the last seven days, a total of 373,715,046 SHIB tokens were burned in 58 transactions. This was equivalent to an amount of $3,269.69 in monetary terms.
This was significantly higher than the burn the previous week, where 259,383,545 SHIB tokens were burned in 66 transactions.
According to a chart published by Shibburn, the weekly burn rate was higher: 44.06%. Meanwhile, a significant amount of SHIB was burned in the last 24 hours, although the daily burning rate decreased by 43.54%. In the last 24 hours, a total of 20,002,824 SHIB tokens were burned in 19 transactions.
Additionally, the Shiba Inu network has reached a new milestone in total addresses, which includes all addresses created and those that still have SHIB.
The total Shiba Inu addresses are now 3.65 million, and of this number, 1.26 million constitute the total addresses with SHIB balance.
In the long term, the total number of addresses with balance reflects the interest in holding and investing in a specific crypto asset. An increase in the number of addresses with balance is generally considered beneficial because it indicates a stronger and growing user base.
Shiba Inu presents a wonderful gift to the community
In the week just concluded, Shiba Inu launched Shib Magazine, a gateway to innovative ideas, the latest inventions and exciting updates from the Shibarium environment and beyond.
The reveal of the first edition of Shiba Inu was accompanied by a gift for the first subscribers: 1000 free NFTs of the cover of the first edition.
As the second edition is about to disappear, Shiba Inu presents a surprise for its community in the form of 3,000 free NFT covers for subscribers.
