A recent tweet from Shibburn shows that the shiba inu community sent 1,653,845,435 SHIB meme coins to empty wallets in the last month.
While the amount of SHIB coins burned may seem impressive, daily burn rates remain volatile, often dropping significantly into negative territory. On June 30, the Shiba Inu burn rate increased by 1,800% due to locking 50,258,924 SHIB in non-spendable wallet addresses.
However, only two per day increases in SHIB burn were detected this week. In June, game maker Chitoshi Kusama tweeted cryptic messages that may have prompted the SHIB community to spend more of their meme coins. His tweets implied that “something physical is coming” and “SHIB is going somewhere.”
The first refers to SHIB’s recent partnership with Shibcals, a group that is entering SHIB into the physical realm by producing apparel and merchandise with the SHIB brand.
Kusama’s second tweet and a statement shared in the Shibarium Tech Telegram group indicated that SHIB was “going somewhere” outside of the USA.
Speculation suggests that the SHIB team may be heading north for an ETHToronto event, where a tribute is being paid to Vitalik Buterin, the creator of Ethereum, whose Shiba Inu was initially launched. This event could mark the debut of the second tier solution, Shibarium, in Canada.
According to recent reports, Kusama pointed out that the launch date and plan for Shibarium have already been decided and cannot be changed, stressing that it is part of the strategic launch strategy.
(embed) https://www.youtube.com/watch?v=HKhggchmaHo (/embed)
Since the launch of the Shibarium testnet on March 11, the platform has made great practical achievements. According to Puppyscan, there are currently 17,019,690 connected wallets and 25,955,919 transactions.