Shiba Inu burn

About a billion Shiba Inu (CRYPTO: SHIB) tokens were removed from circulation on Thursday, applying further deflationary pressure on the popular dog-themed cryptocurrency. What Happened: Kaal Dhairya, a key figure in the ecosystem, took to X to announce the massive burning event to celebrate...

The broader market rally failed to galvanize Shiba Inu (CRYPTO: SHIB), as the popular dog-themed memecoin plunged sharply after morning gains. What Happened: SHIB, also known as Dogecoin (CRYPTO: DOGE) Killer, dropped nearly 2% in the last 24 hours, even as the rest of the market, including...

Shiba Inu (CRYPTO: SHIB), often referred to as the ‘Dogecoin (CRYPTO: DOGE) killer‘ on Friday morning experienced an increase in its token burn rate, recording a 30,000% jump within the span of 24 hours. What Happened: Data obtained from Shibburn, reveals that the 24-hour burn rate,...

This week saw a flurry of activity in the world of cryptocurrency. From a sudden surge in Shiba Inu’s burn rate to a prediction of a Dogecoin rally, the crypto space was anything but quiet. Here’s a quick recap of some of the major stories that made headlines. Shiba Inu’s Burn...

The burn rate of Shiba Inu (CRYPTO: SHIB) has experienced a spike of over 75% within the last 24 hours. In this timeframe, a staggering 49 million SHIB tokens have been permanently removed from circulation, data from Shibburn shows. What Happened: This development comes as SHIB’s price has...

A colossal whale, possibly the largest holder of Shiba Inu (CRYPTO: SHIB) tokens on Wednesday transferred 4 trillion SHIB, valued at $29.8 million, to eight newly-created addresses.  What Happened: The whale’s activity has caught the attention of crypto enthusiasts, as it marks the first time...

Shibburn has reported that close to 149.6 million Shiba Inu (CRYPTO: SHIB) tokens have been destroyed and moved to unspendable wallets.  In the last 48 hours, the most significant chunk of this, about 87 million SHIB, has been moved to dead wallets in a dozen transactions.  In the...