Shiba Inu’s 226% Burn Rate Boost: Can It Drive a Price Recovery?
In the past 24 hours, Shiba Inu (SHIB) experienced a sharp price drop. However, while key metrics like price fell, the SHIB burn rate saw a significant 226% increase. This suggests that despite the downturn, some SHIB community members still have confidence in the token. Over 2.6 Million SHIB Tokens Burned This increase in the […]
Shiba Inu Burn Rate Freeze: What’s Behind the Sudden Stagnation?
In recent days, one of the critical metrics for Shiba Inu (SHIB), the burn rate, has shown no movement. Data indicates that there have been no SHIB tokens transferred to “inferno” wallets, leaving the burn rate at a standstill. This stagnation has raised concerns within the community, especially since there has been no official comment […]
Shiba Inu Sees Explosive Burn Rate Increase as Market Reacts
Recent data from Shibburn reveals a dramatic increase in the burn rate of Shiba Inu (SHIB). Over the past 24 hours, the burn rate has skyrocketed by 1,088%, marking the first significant rise in the burn rate this week. Price Surge and Increased Burns The price of SHIB has also surged, climbing nearly 6% from […]
Shiba Inu Lead Addresses Demands for Significant SHIB Burns
Recently, Shiba Inu’s marketing lead, Lucie, unveiled the SHIB roadmap for the next three years, featuring exciting projects like WOOFVertise, SHY Mode, and the Shib.io Metaverse. Despite this buzz, some community members voiced their frustration over the lack of significant SHIB burns. One critic specifically accused Shiba Inu’s lead, Shytoshi Kusama, of failing the community. […]
Shiba Inu Burn Rate Surges: Is a Bullish Turn Imminent?
Shiba Inu (SHIB), the second-largest meme coin, recently saw a dramatic surge in its burn rate, noted by @RoundtableSpace on X (formerly Twitter). This increase led to a slight rise in SHIB’s price. However, SHIB has been on a downward trend, mirroring the broader cryptocurrency market decline. Burn Rate Soars, Price Sees Temporary Surge According […]
SHIB Burns Surge, New Web3 Game Set to Launch on Shibarium
The Shiba Inu community achieved a significant milestone as the burn rate soared by an astonishing 7,334%, with several million SHIB coins destroyed. The crypto wallet tracking platform Shibburn reported this dramatic rise. Overnight, the burn rate showcased a massive four-digit increase. This event coincided with the SHIB team hinting at a crucial Web3 upgrade […]
SHIB Burns Surge: Two Whales Transformed the Shiba Inu Market
The Shibburn wallet tracker, favored by the Shiba Inu community, reports a significant increase in SHIB burn transactions since Sunday morning. According to Shibburn, two anonymous SHIB whales are responsible for this surge, transferring 10,359,000 SHIB meme coins to unspendable blockchain wallets between 13 and 16 hours ago. The total burn rate has increased by […]
Shiba Inu’s SHIB Burn Rate Soars 300% Amid Price Recovery
According to the Shibburn wallet tracker, which monitors Shiba Inu burn transactions on Etherscan and then publishes the details on its website, the SHIB community has significantly increased the SHIB burn rate in the last 24 hours. This surge occurred as the SHIB price began to recover after nearly a 9% drop earlier this week. […]
Shiba Inu Community Burns 900M SHIB in June 2024
The Shiba Inu community burned over 900 million SHIB tokens in June 2024, according to on-chain data from Shibburn, a community-driven burn tracker. Specifically, enthusiasts incinerated 918,079,655 SHIB tokens across 237 transactions last month, permanently removing them from circulation. At the current exchange rate of $0.00001732, these tokens are valued at $15,901. One notable burn […]
SHIB Burn Rate Soars 6,018%: A Sign of Potential Price Recovery?
Shiba Inu (SHIB) has inspired optimism among its community amid notable developments. The meme coin’s burn rate has skyrocketed by 6,018.22% today, according to the token burn tracking service Shibburn. Consequently, over 10.24 million SHIB tokens have been burned in the last 24 hours. Crypto Market Doldrums And Shiba Inu’s Response This update is crucial […]