SHIB Opens Shibarium Twitter Community, SHIB Burn Tops 1222%

Shibburn sizzles 1222% with 16B burned in a month, while Shiba Inu holders unite on Twitter.

Shiba Inu putting on a firework display for his community.
Created by Kornelija Poderskytė from DailyCoin
  • Shibarium Tech launches an official Twitter community ahead of Shibarium mainnet.
  • The Shiba Inu community has sent 16 billion $SHIB to dead wallets since last month.
  • Welly’s funds controversy resulted in SHIB Token’s Discord being put on a break.

The community behind the popular memecoin Shiba Inu (SHIB) now has another home. Shibarium Technology has opened the official Twitter community for the upcoming Layer-2 scaling solution. While the wait for Shibarium’s mainnet continues, holders of the canine coin are sharing their thoughts, pictures and sending greetings to each other.

SHIB Army Retreats After Intense Dogfight

Despite most of the SHIB Army’s calm mood, recent weeks have been filled with conflicts and uncertainty inside the community. Several former SHIB Defense Breed members were kicked out of the original SHIB Token Discord after harassing other members. Shibarium moderators halted all activity on the Discord server to solve the issue.

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On top of that, Shiba Inu Welly’s fast food chain had to deal with misplaced funds of 37 Ethereum (ETH). The funds, initially planned to be burned on Shibburn, ended up in Trophia’s hands. The controversial ex-moderator likely fled the scene, while SHIB Token’s official Discord was restored a day later.

The heated discussion between members of the SHIB Army bore fruit in the accelerated SHIB daily burn rate. According to the official SHIB burning tracker, 182 million Shiba Inu tokens were set ablaze in the last 24 hours, catapulting the SHIB burn rate by 1222.6%.

This sums up to 16 billion SHIB tokens burned since last month. Members of the SHIB Army managed to shatter the yearly record twice in one month, with Blaze Token’s 3.6B burning deed currently taking the first place.

On The Flipside

  • Several members of the new Twitter community are complaining about the current Shiba Inu’s market price.
  • A large chunk of Shiba Inu holders expressed their discontentment with SHIB Token delaying Shibarium’s mainnet.

Why This Matters

Shiba Inu has one of the largest and most active communities in crypto across different social platforms.

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FAQs

Are Shibarium and Shiba Inu the same?

Shibarium is an upcoming Layer-2 enhancement to the Shiba Inu ecosystem. It aims to lower costs and increase transaction speeds, taking Shiba Inu to the next level.

What are the benefits of Shibarium?

Shibarium will have higher throughput, greater token utility, lower fees, and faster transaction times. It will also allow for more efficient dApp development.

Will you be able to buy Shibarium?

Shibarium DAO can be purchased through Coinbase Wallet.

What is SHIBARMY?

SHIBARMY is a BEP-20 token running on Binance Smart Chain. It is a dividend tracker token, paying users 8% of each transaction as dividend for holding.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.