Shiba Inu (SHIB) token burn portal is live on Shibarium

The official marketing manager of the Shiba Inu team, known under the pseudonym Lucie, has addressed the SHIB community with a new tweet about Shiba Inu token burns.

Shiba Inu token burns are a hot topic in the crypto community, especially among SHIB holders who are keen to see the circulating supply of the meme coin decrease.

The official marketing manager of the Shiba Inu team, known under the pseudonym Lucie, has addressed the SHIB community with a new tweet about Shiba Inu token burns.

In her X post, Lucie invited SHIB holders to come and support Shiba Inu burns on Shibarium. Lucie published a link to a platform called zora.co, using her personal affiliate link, it seems. That platform, Zora.co, is a crypto platform with a social media functions, has recently expanded its BASE (the Ethereum layer-2 solution created by Coinbase) community.

Therefore, Lucie’s tweet is entitled “Invitation to BASE fam!”

If you're holding real $SHIB come support burns on Shibarium!

really enjoy this community. come hangout and we can code up some magic together!

https://t.co/62X279M97j

— Lucie (@LucieRentier) June 6, 2023

"If you’re holding real SHIB, come support burns on Shibarium!

really enjoy this community. come hangout and we can code up some magic together!"

Her tweet post also includes a message to those who are holding fake SHIB tokens.

"Ps: if you're holding a token called shiba coin on base and it's not SHIB, don't bother. they're making a shib token on base to steal from people."

Earlier this week, the SHIB development team rolled out a major upgrade, which has radically transformed the SHIB burn system on Shibarium.

From now on, SHIB coins will be burned from every form of activity on the network: "Swaps, liquidity actions, and other uses now trigger live burns automatically." The announcement added that after the upgrade, "burns happen on-chain, in real time."

The post has been shared over 150 times and liked by more than 1,000 users.

Many SHIB fans responded to Lucie’s post.

One user wrote: "Isn’t it funny how they made a shiba coin token on Base to try to steal from people? Well done to everyone involved in making this chain and community so positive!"

Another user added: "Only good vibes here! Let's get this bread!" A third user stated: "This is the way!"

Earlier this week, the SHIB development team rolled out a major upgrade, which has radically transformed the SHIB burn system on Shibarium.

From now on, SHIB coins will be burned from every form of activity on the network: "Swaps, liquidity actions, and other uses now trigger live burns automatically." The announcement added that after the upgrade, "burns happen on-chain, in real time."

According to a recent post published by the "Shibarium Updates" X account, over the past seven days, a total of 1,254,539,419 SHIB meme coins have been burned out of the circulating supply.

The post highlights four recent burn transactions made on Shibarium via the SHIB burn portal: 21.79 million SHIB, 15.06 million SHIB, 14.57 million SHIB and 15.87 million Shiba Inu coins. All four transfers were made between June 2 and June 5.

Over the past 24 hours, the SHIB burn rate has collapsed by 64.83%, with only 90,439 SHIB destroyed, according to the Shibburn tracker.