Burn

Nearly 23 million Shiba Inu (CRYPTO: SHIB) were kicked out of circulation Sunday, applying further deflationary pressure on the popular dog-themed meme coin. What happened: The burn rate exploded 588.22% in the last 24 hours, resulting in a supply squeeze of 22.94 million SHIB tokens, according to...

Ethereum-based crypto Shiba Inu (CRYPTO: SHIB) reported significant whale movements while the community was also burning the token. What Happened: Based on Whale Alert data, Shiba Inu witnessed a significant 4.25 trillion token shuffle between two unknown wallets. The total...

Ethereum-based altcoin, Shiba Inu (CRYPTO: SHIB) emerged as a unique memecoin and alternative to Dogecoin. With high burn rates, significant whale holdings, and high daily transactions, the token is likely to see movement in its price. What Happened:  Based on data from Whale Alert, 4.2...

The world’s largest cryptocurrency exchange, Binance (CRYPTO: BNB) commenced this week with its 25th quarterly BNB burn of 2.14 million BNB, which is equivalent to $501.7 million. The burn includes 314.69 BNB, burned through the Pioneer Burn Program. This is compared to 1.99 million BNB...

Data-focused blockchain platform Flare Network decided to burn a certain portion of its tokens. The move is also meant to enhance ecosystem strength, and boost Flare's community equity and involvement. Some 2.1 billion FLR tokens (about $20 million) marks almost 2% of the total supply and 40%...

TerraUSD Classic’s (CRYPTO: UST) minting will cease after a community vote on the stablecoin's governance forum. This led to a 59% vote of approval to stop all USTC mining, while 40% opposed it. The community's proposal also ends all conversion of xUST to mint USTC. Find out...

Terra (CRYPTO: LUNA) tokenholders voted on proposal 1747 and decided to burn 1.388 billion TerraUSD (CRYPTO: UST) tokens after the stablecoin collapsed earlier this month. What Happened: The implementation of proposal 1747 will result in a reduction of UST’s supply by...

In a Twitter post, @shibburn mentioned that the Shiba Inu (CRYPTO: SHIB) community had transferred 948.6 million SHIB to dead wallets. In the past 24 hours, there have been a total of 607,530,847 $SHIB tokens burned and 12 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #...

As per the latest WhaleStats data, meme coin Shiba Inu (CRYPTO: SHIB) has topped the ETH whales holdings list.  TOP RANKING: After Ethereum (CRYPTO: ETH) Shiba Inu is the biggest investment of these whales.  The overall amount of SHIB hodled by the top 1,000 ETH wallets is worth a...

According to shibburn.com, a website that tracks the burning of the SHIB token, in the last 24 hours a total of almost 90 million Shiba Inu (CRYPTO: SHIB) meme tokens have been wired to “inferno” addresses and permanently destroyed.  In the past 24 hours, there have been...

A jaw-dropping $400 million in Ethereum (CRYPTO: ETH) has now been burned by a network upgrade that destroys transaction fees.  Around 200 ETH or $643,000 are burned per hour. As of Sunday, the Ethereum blockchain burned 124,865 ETH. The update that burns...