My people! Are you keeping up with what's happening with Shibarium, that Layer 2 thing of Shiba Inu? Here comes the gossip, but with flavor!
It turns out that the burning of SHIB tokens, which is supposed to be skyrocketing so that the green bill of the crypto is worth more, is moving like a turtle! 🐢 That's right! The activity in this Layer 2 is lower than a parrot's salary, and that has many scratching their heads.
What does this serious thing mean? Well, the idea behind burning tokens is like when you clean out your closet: fewer things on the street, more value for what remains! But if the burn isn't active, meaning, if tokens aren't being taken out of circulation as expected, then the supply stays there, and that doesn't put pressure on the price to go up.
Some were saying that Shibarium was going to burn five billion tokens a month! Can you imagine that pile of SHIB disappearing? But the reality is different, and the low activity in the Shibarium network could be because, pay attention!, maybe there aren't enough cool things or 'use cases' that make people use it for sure. It's like having a brand new car without gas: it looks nice, but it doesn't move!
So, my people, we need to stay alert. This is a reminder that in the world of crypto, everything is in motion! What is all the rage today may be something else tomorrow. The goal with Shibarium was to make the Shiba Inu network faster and cheaper to use, but the real impact, as they say, we will see over time! So, keep researching and don't be swayed by the first boom. $SHIB