SHIB Burn Rate Increases by 2133%, Price Rises by 10%

user avatar

by Giorgi Kostiuk

2 years ago

Recently, the burn rate of Shiba Inu tokens has shown significant growth as the token's price jumped.

SHIB Burn Rate Surges by 2133%

According to Shibburn tracker data on the Etherscan blockchain, 34,312,733 SHIB were burned in the last 24 hours, leading to a 2133% surge in the metric. Almost all of this amount was destroyed in one transaction—31,483,015 SHIB were moved to an unspendable blockchain wallet.

Shytoshi Kusama Steps Away from Social Media

The well-known SHIB community leader, Shytoshi Kusama, announced on his official account that he will take a brief break from social media to launch a new Shibarium token called TREAT and complete two important documents.

Shiba Inu Price Surges by 10%

Within a day, the SHIB price increased by more than 10%, jumping from $0.00002258 to $0.00002490. This occurred alongside Bitcoin's price surge, which temporarily reached $98,950.

The recent increase in the SHIB burn metric and price rise shows high activity within the Shiba Inu community. Expectations for future events remain high.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Warren and Trump Team Up for Credit Card Interest Rate Cap

Senator Elizabeth Warren announced her readiness to collaborate with President Donald Trump to implement a 10% cap on credit card interest rates, aiming to provide relief for millions of Americans burdened by high credit card debt.

user avatarAyman Ben Youssef

Broadridge and Dinari Integrate Proxy Voting for Tokenized Stocks

Broadridge and Dinari have integrated their systems to allow eligible holders of Dinaris dShares to exercise voting rights through established proxy voting infrastructure.

user avatarTando Nkube

Google Launches TPU 8tx and TPU 8i Max AI Systems to Challenge Nvidia

Google has launched TPU 8tx and TPU 8i Max AI systems to enhance privacy and memory capabilities, aiming to compete with Nvidia.

user avatarKofi Adjeman

Nvidia's Stock Plummets Amid Scandal and Google’s AI Chip Launch

Nvidia's stock has dropped significantly following CEO Jensen Huang's admission of an extramarital affair, coinciding with Google's announcement of new AI chips.

user avatarNguyen Van Long

FATF to Review Jurisdictions with Weak Virtual Asset Oversight

The Financial Action Task Force (FATF) will review jurisdictions with longstanding shortcomings in virtual asset regulation to identify necessary actions for the upcoming plenary.

user avatarSatoshi Nakamura

Stellar Development Foundation Makes Strategic Investment in Marketnode

On October 29, the Stellar Development Foundation announced a strategic investment in Marketnode to enhance institutional access to tokenized investment products in the Asia-Pacific region.

user avatarJesper Sørensen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.