- Pawswap brings out its PAWBURN portal.
- PAW price decreased by over 13% in the last 24 hours.
According to an official tweet from the multi-chain decentralized exchange (DEX), Pawswap, which is planned to be built on Shiba Inu’s layer-2 blockchain ‘Shibarium’ has launched its “PAWBURN” portal.
#PawFamily
— PawBurn🔥 (@Pawburn_io) March 6, 2023
We are happy to announce the launch of https://t.co/LaBHiNL34k 🔥
The first step for us to track all the utility burns from our swap and all future utility.#Paw #PawSwap pic.twitter.com/VgyfjZkNmZ
Since the beginning of the year, ‘Crypto Twitter’ has been buzzed with dog-themed memecoins updates. As Shiba Inu became well known for its upcoming layer-2 scaling solution “Shibarium”. Following that, the first multichain DEX Pawswap was inspired by SHIB’s success. But Shiba Inu’s lead developer, Shytoshi Kusama, stated that SHIB or its team has no relationship with Pawswap.
However, today Pawswap launched the PAWBURN portal for its ecosystem to increase the value of the meme token.
PAWSWAP Current Status
Since the introduction of the burn portal, total of 27,407,234,934 PAW has been burnt, worth about $2053, as per the data. At the same time, Pawswap native crypto token PAW price declined by over 13% in the last 24 hours, which has seen dramatic price surges in the previous two weeks.
At the time of writing, the Shiba community-driven token traded at $0.00000007357 with 24 hours trading volume of $12 million and has a market cap of over $73 million. Still, PAW is up by 110% in a week and 2092% in the last 14 days.
Also, PAW has gained the support of many crypto enthusiasts and significant exchanges, over the past few weeks. And it has been listed on leading crypto exchanges such as LBank and Gate.io. The token price may increase in the future due to its new burn mechanism and Shibarium launch.
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