2 / 2 Relevant items tagged with #ShibBurn

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New Shibarium Update Sets The Stage For Shiba Inu To Reach All-Time High

[Sep 5, 2023 8:00 AM] The burning of SHIB tokens has become an important part of the Shiba Inu community. Each week, tokens are sent to a ‘burn’ address by community members as they try to reduce the supply of the token. This is why the introduction of a burn mechanism…

Why The Shiba Inu Price Cannot Realistically Get To $0.001

[Sep 4, 2023 5:00 PM] In the last crypto bull market spanning from 2020-2021, the price of Shiba Inu ran as high as $0.00008. Due to the high euphoria at the time, expectations rose rapidly around the meme coin, leading to calls for SHIB at $0.001. However, this target…

SHIB Burn Rate Jump 1,100% Amid Expectations Of Shibarium Relaunch

[Aug 22, 2023 5:00 PM] Off the back of the much-anticipated Shibarium launch, the SHIB burn rate has seen a tremendous rise. This surge in the burn rate comes despite the Layer 2 blockchain running into problems on the day of its launch last week, and still being in…

Shiba Inu Records Accelerated Burn Rate, But Price Fails To Respond

[Jul 4, 2023 5:00 PM] Shiba Inu is one of the meme coins that has managed to maintain its popularity in the crypto market as its community remains committed to reducing the circulating supply of the asset. To this end, there has been a significant increase in the SHIB…

Single Wallet Destroys 1.2 Billion SHIB, Burn Rate Surges Over 2,000%

[May 23, 2023 7:00 AM] In a display of token destruction, a single wallet has set the Shiba Inu (SHIB) community ablaze by destroying a significant amount of SHIB tokens. According to data from the Shiba Inu burn tracker, Shibburn, the Shiba Inu burn rate is currently up…

Shiba Inu Burn Rate Spikes After A Few Stagnant Days

[May 22, 2023 10:45 PM] After a few days of stagnation, the Shiba Inu community seems to have picked up its token-burning mechanism. A report from Shiba Inu’s token burn aggregator, Shibburn, indicates that the SHIB Army has significantly raised the burning rates within…

Shiba Inu Token Burn Hits 1.74 Billion In One Week, What’s The Current Status?

[May 15, 2023 6:10 PM] The Shiba Inu community has remained consistent in burning SHIB tokens. In a week, it sent a whopping 1,748,403,277 SHIB tokens to the project’s dead wallet. The burning mechanism is part of the processes that the Shiba Inu uses to maintain…

Mystery Wallet Burns 1.69 Billion Shiba Inu, Will It Result In Price Bump?

[May 5, 2023 8:00 AM] An unidentified Shiba Inu wallet holder burnt about 1.69 billion SHIB in a single transaction. This burn event caused the overall SHIB burn rate to increase by 38,986.28%, exceeding yesterday’s burn rate of 1.34 million SHIB. SHIB burn events…

Shiba Inu Community Destroys 3.26 Billion SHIB in April Amid Price Decline

[May 1, 2023 8:00 AM] Shibburn reports that over 3.26 billion Shiba Inu tokens were burned in April 2023 across 125 transactions. These figures are lower than the total SHIB burns in March 2023, which was 6.78 billion SHIB tokens burned through 540 transactions. The…

Shiba Inu Community Destroys 35 Million SHIB, Will It Shift The Momentum?

[Apr 12, 2023 11:30 AM] The Shiba Inu community continues its burn spree, with approximately 35 million SHIB burned in one day. According to the update from Shibburn, 25 million of the total burned tokens came from a single wallet. The community has consistently been…