Binance is potentially burning trillions of Shiba in new coins which could send sheep to the moon.If you have any interest in Shiba in new or you hold any sheep tokens, then you need to see this.So what is the latest Shiba in New Coin news?What is the Binance Burn news and how will all of this affect the value of Shiba in you?Shiba Inu launches LinkedIn account for Shibarium As daily transactions surge over 200%, the Shiba Inu team has launched a new LinkedIn account for Shibarium as the network's daily transactions have spiked over 200% . Leading canine themed cryptocurrency project Shiba Inu has launched a new LinkedIn account for its Layer 2 Blockchain Shibarium.The development was shared 3 days on X by Shiba Inu's community admin Ragnar Ship. According to Ragnar Ship, Shiba Inu now has two official LinkedIn accounts, one for its metaverse project Sheep the Metaverse and the other for Shibarium.

Notably, the Shiba Inu community admin posted the link to Shibarium's official LinkedIn account, urging Shib enthusiasts to follow the accounts to get updates revolving around the professional world.Shibarium now available across major platforms Following the launch of a LinkedIn account for Shibarium, the Layer 2 blockchain now has official accounts across major social media platforms.Earlier this year, Shiba Inu's lead developer Shaytoshi Kiusama launched a Telegram channel for Shibarium.In a similar development, the Shiba and new team also introduced an X account for the Layer 2 blockchain.Meanwhile, it has become imperative for the Shiba and new team to expand Shibarium's presence across various social media platforms.Due to its growing adoption, Shibarium daily transaction surges over 200%.

Since its launch on August 16, Shibarium has experienced a massive spike in activity, processing over 3.48 million transactions.In addition, over 1.25 million addresses have interacted with the network.With 1.18 million blocks produced so far, Shibarium has an average block time of 5.0 seconds, ranking it among the fastest Ethereum scaling solutions.Interestingly, the number of daily transactions recorded in astounding surge in the past 3 days. As reported earlier, the Charbai team launched on Chubarium by listing on the Marswap Decentralized Exchange.Notably, the event attracted the attention of sheep enthusiasts who flocked to the Dex to scoop the mean based cryptocurrency.

The latest Spike After several days of recording insignificant figures, the popular meme coin Sheba Inu finally witnessed A considerable amount of assets removed from its total circulating supply.Specifically, the project sent over 53,000,000 sheep tokens to an address nobody could access.The program aims to make sheep more scarce and potentially more valuable in time.The Memo Coin is not the only crypto project to have adopted such a mechanism.October 16, the world's largest cryptocurrency exchange binance announced the burning of over $450 million worth of BNB tokens.For those who don't know binance, the world's largest crypto exchange is now the biggest holder of Shiba Inu.According to the data on Ether scan dot EO, the crypto exchange currently holds 83 trillion sheep tokens.The estimated valuation of the tokens is approximately $738.54 million.Rumours have it that Binance could implement a burning system for Shiba anew.

Binance has burned about 38.81 billion Luna Classic or more than half of the total Luna Classic burned.If Binance done it for Luna Classic then there is nothing stopping them from doing the same for sheep.In fact, it would make more sense as Sheba in new is a far more popular coin than Luna Classic in a bull run. I could see Binance implementing a Sheba in new coin burning system to attract more buying volume and market hype.A binance burning system would skyrocket the sheep burn rate, which is set to explode over the next 12 months due to shebarium.With multiple shebarium projects being made to burn sheep and the fact that shebarium trading fees are used to burn sheep, I think we could see a huge spike in the sheep burn rate in the next 12 months we are thinking about.