The Shiba Inu (SHIB) community has been actively participating in token burns as a strategic measure to control its token supply. In a recent development, the SHIB Dream NFT collection decided to join forces and burn a significant 100 million SHIB tokens. This action is part of a broader...
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Shiba Inu (SHIB) has once again attracted the attention of the crypto community, and this time, it goes beyond its reputation as a meme coin. Recent developments indicate a significant surge in burn rates, with the Shibburn wallet tracker showing an impressive increase of 6,000%. This surge...
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Shiba Inu, a well-known meme coin operating on the Ethereum blockchain, has once again generated enthusiasm in the cryptocurrency market due to a notable increase in its burn rate. The recent surge, indicating a remarkable 400% rise in the token’s burn rate, has captured the interest of both...
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The official team behind the widely popular meme coin, Shiba Inu (SHIB), has recently publicized the burning of a considerable amount of Ethereum (ETH). The disclosure conveyed through a post on X from the Shib account revealed that 200 ETH had been intentionally burnt within one month. With...
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In the last five weeks, the Shiba Inu (SHIB) team has incinerated about $476,000 worth of tokens. Yesterday alone, the team burned over 9.3 billion SHIB tokens worth over $89,000. As a result of the massive burns, SHIB’s burn rate has skyrocketed to over 28,000%.
Source: Shibburn
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Shiba Inu team member Ragnar has sparked rumors of a potential breakout for SHIB. In a since-deleted X post, Ragnar alludes to a breakout caused by a record-shattering Shiba Inu burn, with 9.25 trillion SHIB being burned this month. It’s unclear why the post was deleted, but some in...
Following the rather volatile start to 2024 the meme coin has faced, Shiba Inu (SHIB) has seen its burn rate surge 2274% at the end of the new year’s first week. Moreover, the asset is set to face a key support level, as its price is just below the...
Shiba Inu (SHIB) fans might be in for a treat as the project’s Shibarium network will begin to automate token burning in January. The automated burns will bid farewell to manual token burning. However, SHIB fans and investors are curious about how many tokens the Shibarium network would...
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Shiba Inu (SHIB), the canine-themed cryptocurrency, has taken the crypto world by storm. However, SHIB is facing challenges in its ambitious pursuit of reaching the $1 mark. Despite impressive returns of approximately 12975614.3% since its inception in 2020, intricate dynamics may hinder...
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The Shiba Inu team confirmed in the latest blog that burning SHIB tokens manually will come to a halt this month. The team mentioned that the Shibarium layer-2 network will soon begin to burn SHIB tokens automatically from January 2024. Shibarium will transition to automation and will be...
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