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

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

Binance Announces Closure of Mining Pool Services

Binance has announced the closure of its mining pool and related services effective November 10, 2026.

user avatarLuis Flores

AI Researchers Light Up Cigarettes to Signal Confidence in AI's Cancer Cure Potential

AI researchers are smoking cigarettes to signal their confidence in AI's potential to cure cancer.

user avatarArif Mukhtar

Sony's Plan to Discontinue Physical Game Discs Faces Major Backlash

Sony's announcement to stop producing physical game discs by 2028 has led to significant backlash from the gaming community.

user avatarMaria Gutierrez

Vibe Coders Successfully Port PS5 Games to PC with AnyPS5 Project

Vibe coders are making significant strides in porting PlayStation 5 applications to Windows and Linux through their open-source project, AnyPS5, which aims to convert PS5 game executables into programs that can run natively on PCs.

user avatarDavid Robinson

TRON DAO Reports Significant Growth in Q3 2026

TRON DAO highlights significant growth in transaction volume and network activity in its Q3 2026 ecosystem report.

user avatarAndrew Smith

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.