Weekly SHIB Burn Data Shows Positive Trend Despite Daily Volatility

Weekly SHIB Burn Data Shows Positive Trend Despite Daily Volatility

user avatar

by Ayman Ben Youssef

10 months ago

Made with AI

Shiba Inu's burn activity has shown a notable increase over the past week, despite a recent daily decline. This trend highlights the community's ongoing commitment to reducing the circulating supply of the cryptocurrency, as the publication provides the following information:

Significant Increase in SHIB Token Burn Rate

In the last seven days, a total of 193,830,385 SHIB tokens were burned, marking a significant 50.242% rise in the burn rate compared to the previous week. This increase in weekly burn statistics underscores the effectiveness of the community's initiatives aimed at decreasing the overall supply of SHIB.

Sustained Efforts in Token Supply Management

Despite daily fluctuations in burn activity, the overall trend remains positive, indicating a sustained effort to manage the token's supply. As the total supply of SHIB continues to decline, these efforts contribute to long-term strategies for value enhancement and scarcity in the market.

In light of Shiba Inu's recent increase in burn activity, the community is also addressing the financial impact of the Plasma Bridge exploit. The new repayment system, Shib Owes You, aims to assist affected users; read more.

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

SEC Updates Cryptoassets FAQ with New Governance Questions

On November 2, 2026, the SEC Division of Corporation Finance added new questions to its cryptoassets FAQ, addressing governance through foundations and organizations, control over participation, and the distinction between functional and decentralized networks.

user avatarDiego Alvarez

Chainalysis Reports Security Incident Affecting Customer Data

Chainalysis reported a security incident on October 30 that impacted a subset of customer-related information, including names and email addresses.

user avatarKenji Takahashi

Hong Kong Launches Postquantum Cryptography Toolkit

On November 2, the Hong Kong Monetary Authority and the Hong Kong University of Science and Technology launched a postquantum cryptography assessment toolkit to help banks identify necessary upgrades to their cryptographic systems as quantum computing evolves.

user avatarMaria Fernandez

NYSE Partners with Major Firms for Tokenized Securities Initiative

On November 2, the New York Stock Exchange announced partnerships with Broadridge, Computershare, Equiniti, and Superstate to support a proposed tokenized securities venue aimed at enhancing infrastructure and improving market operations.

user avatarGustavo Mendoza

BTCPay Servers 247 Release Addresses Security Vulnerabilities

The latest release of BTCPay Servers, version 247, includes critical security fixes to enhance security for businesses operating their own Bitcoin payment servers.

user avatarRajesh Kumar

Aave Freezes tBTC Supply and Borrowing Amid Threshold's Pause

Aave contributors announced a freeze on additional tBTC supply and borrowing in its Ethereum Core market following Threshold's temporary pause of the token's mint and redeem functions.

user avatarMiguel Rodriguez

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.