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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Sui Foundation Unveils $10 Million Fund for AI and DeFi Development

chest

The Sui Foundation has launched a $10 million ecosystem fund aimed at fostering decentralized AI infrastructure and DeFi protocols on the Sui blockchain.

user avatarKenji Takahashi

Aave Governance Approves Parameter Update for Base Mainnet

chest

Aave governance has approved a parameter update for the Base mainnet in its v3 deployment, focusing on risk settings and collateral caps to enhance liquidity access and manage risk effectively.

user avatarMaria Fernandez

Chainlink Expands CCIP Infrastructure to Avalanche and Polygon

chest

Chainlink has launched its CrossChain Interoperability Protocol (CCIP) on Avalanche and Polygon, enhancing crosschain token transfers.

user avatarGustavo Mendoza

Hyperscale Data Ceases Bitcoin Mining to Focus on AI

chest

Hyperscale Data has ceased Bitcoin mining operations at its Michigan facility to accommodate a new AI customer, potentially generating over $12 billion in revenue.

user avatarRajesh Kumar

PONS Token Surges on Robinhood Chain

chest

The PONS token has seen a significant increase in value and market capitalization on the Robinhood Chain, with a price rise to 0.5978 and a market cap exceeding 430 million, marking a 3182% increase in just 24 hours.

user avatarMiguel Rodriguez

Ecb Releases New Report on Editorial Standards

chest

The European Central Bank has published a report emphasizing its strict editorial policy that focuses on accuracy, relevance, and impartiality.

user avatarLuis Flores

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.