burn rate

Over 42 million Shiba Inu (CRYPTO: SHIB) tokens were pulled out of circulation Sunday, putting additional deflationary pressure on the popular dog-themed meme coin. What happened: The burn rate blasted 1866% in the last 24 hours, resulting in a supply squeeze of 42.122 million SHIB tokens,...

More than 19 million Shiba Inu (CRYPTO: SHIB) tokens were kicked out of circulation Monday, applying additional deflationary pressure on the popular dog-themed meme coin. What happened: The burn rate exploded 1734% over the last 24 hours, resulting in a supply squeeze of 19.16 million SHIB tokens,...

In the midst of a wider cryptocurrency market recovery, the burn rate of Shiba Inu (CRYPTO: SHIB) has seen a dramatic increase of 580%. What Happened: A significant rise in the burn rate and price of the Shiba Inu token, despite a decrease in volume. Data from blockchain tracking firm ...

Popular dog-themed cryptocurrency Shiba Inu (CRYPTO: SHIB) traded higher on Sunday, defying the broader meme coin correction.  What happened: The second-largest meme coin by market capitalization jumped 5.45% over the previous day, with trading volume surging 189% to $341 million in the last...

The burn rate of the meme cryptocurrency, Shiba Inu (CRYPTO: SHIB), has surged by a whopping 515.33%. This data comes from the widely used transaction tracker Shibburn. What Happened: The Shibburn data shows there has been a significant rise in SHIB transfers to dead-end wallets. The SHIB community...

Popular dog-themed memecoin Shiba Inu (CRYPTO: SHIB) recorded a significant jump in its burn rate in the last 24 hours, although the community remained unimpressed. What happened: About 15.08 million SHIB tokens were kicked out of circulation, according to the official burn tracker, Shibburn,...

Shiba Inu (CRYPTO: SHIB) lead developer Shytoshi Kusama welcomed the addition of the popular memecoin as a collateral currency for backing futures positions on the cryptocurrency exchange Kraken. What happened: Kraken Pro, the exchange’s interface for professional traders, stated Thursday...

Popular dog-themed cryptocurrency Shiba Inu (CRYPTO: SHIB) witnessed an astronomical burn rate jump as the ecosystem's Layer-2 network, Shibarium, marked its first anniversary. What Happened: Shibarium went live on mainnet in August last year, marking a watershed point for the ecosystem in...

Memecoins were back in the green Thursday as the broader market recoiled after Monday's plunge. What Happened: Frog-themed token Pepe led the rally among large-cap memecoins. The Ethereum (CRYPTO: ETH)-based token recorded double-digit gains in the last 24 hours, erasing losses from Monday's...

The passionate fanbase of the Shiba Inu (CRYPTO: SHIB) ecosystem was up in celebration as the Layer-2 chain Shibarium hit the six-million block milestone ahead of its first anniversary.  What Happened: Lucie, the marketing specialist for the ecosystem, took to X Monday to announce the significant...

Shiba Inu‘s (CRYPTO: SHIB) burn rate shot up significantly in the last 24 hours even as the memecoin faced intense selling presure from the sale of tokens stolen from Indian cryptocurrency exchange WazirX. What Happened: Nearly 52 million SHIB tokens were kicked out of circulation, according...

Popular dog-themed memecoin Shiba Inu (CRYPTO: SHIB) recorded a mammoth jump in its burn rate in the last 24 hours.  What Happened: About 71.18 million SHIB tokens were kicked out of circulation, according to the official burn tracker, Shibburn, representing a staggering 3641.09% surge. ...

The world's second-largest memecoin, Shiba Inu (CRYPTO: SHIB), witnessed a massive spike in its burn rate in the last 24 hours, contributing in part to the cryptocurrency's price increase.  What Happened: About 301.68 million SHIB tokens were kicked out of circulation, according to the...

Popular dog-themed coin Shiba Inu (CRYPTO: SHIB) cracked on Sunday as the market fell, but readings from key indicators revealed opportunities for bullish traders. What Happened: The second-largest memecoin, also popularly referred to as the Dogecoin (CRYPTO: DOGE) Killer, plunged more than 3% in...

Popular memecoin Shiba Inu (CRYPTO: SHIB) witnessed a sharp spike in its burn rate over the last 24 hours. However, the deflationary pressure failed to push its price upward. What Happened: A whopping 33.29 million SHIB tokens were kicked out of circulation, according to the official burn tracker,...