SHIB Burns Increase by 771,019%

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According to data shared on X (previously Twitter) by the well-known Shibburn tracker, the burn rate statistic has increased dramatically, a six-figure increase that has the SHIB community talking.

The actual amount of SHIB burned, however, remains relatively small, failing to match the enormous percentage gain stated above.

## SHIB Burns Increase by 771,019%

According to the data tracker, the quantity of SHIB meme coins burned in the previous 24 hours has increased by an astounding 771,019%. This remarkable increase has resulted in the burning of 18,684,231 SHIB meme coins.

The four largest burn transactions so far totaled 16,035,545 SHIB, which were sent to an unspendable wallet. This was followed by the removal of 1,070,154 SHIB from circulation.

Despite this, the 771,019% increase displayed in the tweet and on the Shibburn website may indicate a significant burn transaction that has yet to be recorded on the website’s burn transfer list. It is conceivable that tens of millions more meme coins have been burned, but the community is unaware of it.

> Hourly SHIB Update
>
> $SHIB Price: $0.00001273 (1h -0.32% ▼ | 24h 0.53% ▲)
>
> Market Cap: $7,502,632,012 (0.46% ▲)
>
> Total Supply: 589,254,594,876,364
>
> Tokens Burned
>
> Last 24h: 18,684,231 (771019.

Okay, here’s a rewritten version of the Shiba Inu update, aiming for a more human-like tone and using synonyms:

**Decrease in SHIB Burning Speed**

Over the last week, the Shiba Inu group destroyed nearly 75 million SHIB tokens. Although it seems like a significant amount, the burning speed actually decreased by 86% compared to the previous week.

**Excitement Around Shibarium Layer-3**

The SHIB group is promoting some major improvements, especially this new Shibarium layer-3 solution that they’ve been developing for more than a year.

Lucie, the marketing manager, is discussing how this layer-3 will focus on confidentiality.

**Confidentiality is Key**

Lucie states that the main advantage of Shibarium’s layer-3 is that your information remains encrypted, even when applications are using it. No one – not the programmers, the network itself, or even the officials – can view your original information unless you choose to share it. It’s all about inherent confidentiality.

They’re utilizing Fully Homomorphic Encryption (FHE) rollups, provided by Zama, to achieve this.

**In Summary**

The SHIB group is assuring a highly confidential experience with the forthcoming Shibarium layer-3, emphasizing the protection of user information.