Shibburn

Shiba Inu (CRYPTO: SHIB) has seen a 65% increase in its burn rate, with over 61 million of its tokens burned in the last 24 hours.  What Happened: The spike in burning activity comes as Shiba Inu whales continue to accumulate SHIB tokens, indicating their growing interest in the digital asset...

Shibburn, a Shiba Inu (CRYPTO: SHIB) data tracker, addressed the misconception surrounding Ethereum (CRYPTO: ETH) co-creator Vitalik Buterin’s burn of $1.7 billion worth of SHIB tokens back in May 2021.  What Happened: Contrary to popular belief, Shibburn said Buterin did not spend that...

Shytoshi Kusama, the lead developer of Shiba Inu (CRYPTO: SHIB), on Monday, confirmed the ongoing development of the Burn Portal for the Shibarium protocol. What Happened: Lucie, the Marketing Strategist of the Shiba Inu ecosystem on X, shared a screenshot of Kusama’s response to a community...

The self-proclaimed “Dogecoin (CRYPTO: DOGE) killer,” Shiba Inu (CRYPTO: SHIB), experienced an 850% surge in its burn rate within the span of just 24 hours.  What Happened: Data obtained from Shibburn reveals that over 1 billion SHIB tokens were permanently removed from circulation...

Self-proclaimed Dogecoin (CRYPTO: DOGE) killer Shiba Inu's (CRYPTO: SHIB) burn rate is up 110% in the last 24 hours, in anticipation of the launch of much-anticipated layer-2 solution Shibarium. What Happened: Shytoshi Kusama, the lead developer behind the Shiba Inu ecosystem said that Shibarium is...

Shiba Inu (CRYPTO: SHIB) on Thursday witnessed a significant increase in its token burn rate, with over 79 million SHIB tokens burnt in the last 24 hours.  What Happened: This development comes as investors eagerly anticipate the launch of Shibarium, a highly anticipated layer-2 solution. SHIB...

Shiba Inu (CRYPTO: SHIB), the self-proclaimed “Dogecoin (CRYPTO: DOGE) Killer's” burn rate has surged over 145%.  What Happened: In the past 24 hours, Shiburn, the burning mechanism, reported that 92 million SHIB tokens have been transferred to “inferno” wallets, effectively...

Dogecoin (CRYPTO: DOGE) rival Shiba Inu (CRYPTO: SHIB), has witnessed a rise in the crypto market throughout 2021; however, it has experienced a significant decline from its all-time high.  What Happened: A fascinating aspect of this cryptocurrency is that owning less than $10 worth of SHIB...

An anonymous wallet has burned 10 million Shiba Inu (CRYPTO: SHIB) in one transaction. What Happened:  Over 12.94 million SHIB has been eliminated through ten multiple transactions in the last 24 hours, according to Shibburn.com. 🔥 10,000,000 $SHIB -> transferred to dead wallet....

Shiba Inu (CRYPTO: SHIB) has seen 100% weekly burns in the past week, as investors seek to reduce the supply of the coin in a bid to drive up prices. What Happened: According to the Shibburn Twitter account, 223,264,370 SHIB tokens were burned and 51 transactions were made in the last seven days....

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...

Shiba Inu (CRYPTO: SHIB) tokens are constantly burned by the community, but the meme-based cryptocurrency hasn’t managed to reverse its declining price trend. What Happened: According to an update from Shibburn, an account that tracks all Shiba Inu token burning, more than 410 trillion...