July 4 (Cointime) - Shiba Inu, a popular meme-based cryptocurrency, saw a remarkable 1900% increase in burn rate within 24 hours after the Shibarium testnet, Puppynet, achieved a significant milestone of 25 million total transactions.

PuppyScan, the blockchain explorer for Shiba Inu, reported that the beta testnet had surpassed 25 million transactions with over 17 million wallet addresses actively participating.

The success of the testnet and the upcoming mainnet release have generated excitement and optimism for the future of Shiba Inu and its ecosystem. The cryptocurrency is currently trading at $0.000007722 with calls for a $0.001 SHIB price.