SHIB Burn

The Shiba Inu (CRYPTO: SHIB) community has witnessed a 300% surge in token burns within the last 24 hours. However, the SHIB Army, a group of SHIB enthusiasts, is advocating for even more substantial burns. What Happened: A recent post on X by Shibburn, a well-known meme coin wallet tracker,...

The 2024 prospects for Shiba Inu (CRYPTO: SHIB) appear cautiously optimistic, influenced by an uptick in daily transactions and an increasing burn rate. What Happened: In a recent tweet, the official page for Shib stated “2024: make Shibarium great.” The post did not indicate any plans...

The term “token burn” refers to the act of permanently removing a coin or token from circulation. This is achieved by sending the coins or tokens to a specific address that can receive but cannot send crypto. It’s important to note that this differs from a “dead wallet,...

Shiba Inu's (CRYPTO: SHIB) burn rate spiked by 10,900% in the last 24 hours, days after the Shibarum beta launched. What Happened: Data from Shibburn reveals that in the last 24 hours, 934 million SHIB has been transferred to a dead wallet. Shytoshi Kusama, lead developer of the Shibarium...

Shibarium’s central token BONE (CRYPTO: BONE) rose more than 18%, reaching the $1 mark early on Thursday morning. What Happened: At the time of writing, BONE was trading at $1.10. BONE is the core token of the eagerly awaited Shibarium, the Layer 2 upgrade of the Shiba Inu network. See...

According to Shibburn, over 500 million Shiba Inu (CRYPTO: SHIB) tokens have been destroyed over the last 48 hours.  The largest burn transaction carried more than half of the total amount of the destroyed SHIB - 295,559,819 coins. In the past 24 hours, there have been a total of 508,825,...