Tiny amount of $SHIB gets burned, while the transaction count on Puppynet has dropped as well. Shibarium shibburn
After the Shibarium beta Puppynet was released on March 11, the developer team of Shiba Inu issued Shibarium documentation, in which, aside from other things, they described the mechanism of token burns that would be implemented on Shibarium.
According to the docs, each transaction on the testnet will contribute to SHIB burns thanks to the transaction fee paid in BONE . This fee is separated into a base fee and priority fee. Seventy percent of the base fee will be locked into Shibarium to be converted intoData provided by Puppyscan shows that during the past week, the amount of transactions has not been high. The peak of 473,704 transfers was registered on April 20. Since then, the number of daily SHIB transactions has seldom exceeded 20,000.As covered by U.Today earlier, the number of Twitter followers of the official Shiba Inu handle has surged above the 3.
Curiously, the original meme token Dogecoin has the same number of Twitter followers, 3.7 million, so SHIB and DOGE are moving neck-and-neck here.
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