Here's a simplified version of the Shiba Inu news from this week:
- Shibarium's value went up this week, showing growing trust in the Shiba Inu ecosystem.
- The network processed 5 million blocks and has handled over 4 million transactions since its start.
- However, there's concern about the network's declining daily transactions and token burns, which dropped by 44% last week.
- After the price adjustment, it's estimated that 65 trillion SHIB tokens might be traded, potentially causing further price drops.
- Over $103 million worth of SHIB tokens were sent to crypto exchanges in the past two weeks, suggesting some holders are selling.
- Shiba Inu's official account highlighted that Vitalik Buterin burned a large amount of SHIB tokens three years ago, affecting the Shiba Inu ecosystem significantly.
