In recent years, the Shiba Inu coin has become increasingly popular among investors and traders alike. As a result, the SHIB army community has emerged as a formidable force in the world of cryptocurrency. The rise in popularity can be attributed to several advancements that have propelled it to become the second-largest meme coin.
One of the factors contributing to the success of Shiba Inu is its ability to secure numerous partnerships, collaborations, and listings. However, the latest Shibarium beta, “Puppynet,” has gained particular popularity. According to data from PuppyScan, there has been a significant rise in the number of transactions related to Puppynet.
The latest PuppyScan data shows that the total block number currently stands at 772,326, with 14,582,083 wallet addresses and a total transaction number of 6,681,438. These figures are a clear indication of the rising popularity of Shibarium PuppyNet.
While Shiba Inu has experienced tremendous growth in recent years, the coin’s burn rate has cooled down. In the past week, there were certain days when billions of SHIB were sent to dead wallets in a single transaction. However, the situation seems to fluctuate, with only a 3.36% increase in the burn rate over the last 24 hours. Shibburn data reveals that only 2.2 million Shiba Inu were sent to dead wallets during this period.
The recent developments in the world of Shiba Inu have been met with mixed reactions. Some see it as a promising opportunity to invest in a meme coin with enormous potential, while others view it as a risky venture that may not yield significant returns.
Regardless of these differing opinions, it’s clear that the Shiba Inu coin has continued to gain traction in the cryptocurrency market, and its community of investors is growing by the day. As the coin’s popularity continues to rise, it will be interesting to see how the burn rate and other metrics will be affected, and whether the SHIB army will remain a formidable force in the world of cryptocurrency.
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