CoinStats - Shiba Inu Community Burns Over 1.3 Billion SH...

Shiba Inu's Massive Token Burn Spree Could Trigger Next SHIB Price Explosion

Since burn rate is a key metric for Shiba Inu (SHIB), the second-largest meme coin continues to make airwaves with 1.31 billion tokens recently being removed from circulation. The Shiba Inu community, commonly called the SHIB Army, has been a major driving force behind heightened burn rates. For instance, various third-party platforms and community-run projects, such as burn portals, ShibaSwap, and Shibburn, have been rewarding or automating tok…

Shiba Inu Burns Over 1.3 Billion SHIB In One Week As Burn Rate Surges 4,000%

Over 1.3 billion SHIB were burned in a week, marking a 2.10% increase in weekly burn volume. The daily burn rate surged 4,064%, fueled by a whale destroying 13.1 million SHIB in one transaction. Burns are powered by Shibarium and ShibTorch, using BONE gas fees for automated SHIB reductions. The Shiba Inu (SHIB) community has escalated its deflationary game, as there has been increased token burning with the removal of over 1.3 billion SHIB from …

SHIB Burn Rate Explodes by 4,000% Thanks to a Whale Transaction

The Shiba Inu community burned over 1.3 billion SHIB tokens in the last seven days via its burn portal The daily token burn rate recently spiked by over 4,000%, driven by a large whale transaction Despite the increased burns, the SHIB price has fallen 1.84% as trading volume continues to decline The Shiba Inu (SHIB) community has significantly ramped up its token-burning efforts, permanently removing over 1.3 billion SHIB from the circulating su…

CoinStats - Shiba Inu Community Burns Over 1.3 Billion SH...

The Shiba Inu (SHIB) community has showcased its unwavering commitment to reducing the token’s vast supply, with over 1.3 billion SHIB tokens incinerated in the past week alone. This substantial burning effort, at times seeing daily burn rates soar by thousands of percent due to significant individual transactions, aims to create scarcity and, theoretically, drive … Continue reading "Shiba Inu Community Burns Over 1.3 Billion SHIB, Yet Price Rem…

Massive 1,338,380,740 SHIB Gets Burned, Here's What's Happening

Close to 1.5 billion Shiba Inu coins scorched in past seven days