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 […]
Shiba Inu Community Advocate for SHIB Burn on Major Exchanges
The Shiba Inu community is actively seeking feedback on burning SHIB tokens via major exchanges Binance and Coinbase. This initiative aims to reduce SHIB’s substantial circulating supply, potentially increasing the value of the remaining tokens. An enthusiast, ‘Shiba Arab Army,’ launched a poll on X on May 19 to gauge user support for this proposal. […]
Shiba Inu’s Burn Rate Spikes: Is a Rebound Imminent?
Market expert Ali Martinez projects a rebound for Shiba Inu (SHIB) as the burn rate spikes dramatically. Recently, SHIB has experienced a significant decline, with its price crashing to lower levels. Although signs of a rebound appeared on June 16, the dog-themed token continued to fall below the $0.00002 range, marking an 11.28% decrease within […]
Shiba Inu Burns Millions of Tokens as Whale Activity Rises
Shiba Inu (SHIB) has experienced a significant surge in its burn rate, skyrocketing by an impressive 3,894%. This surge has resulted in the permanent removal of millions of SHIB tokens from circulation. Token burning involves permanently removing a certain amount of cryptocurrency to reduce its overall supply. This is typically achieved by sending tokens to […]