SHIB

Shiba Inu Burn Rate Skyrockets Over 660% Amid Price Surge

November 10, 2023 1 min read

Shiba Inu (SHIB) recently experienced a significant increase in its burn rate as prices started to recover after a recent slump. Data from burn tracker Shibburn revealed that a total of 9.6 million SHIB tokens were sent to inactive wallets in the past 24 hours. This represents a remarkable 665% surge compared to the previous day’s burn rate. The majority of the burned tokens came from a single wallet address,

The burn rate of Shiba Inu (SHIB) surges by 14,380% in the last 24 hours

November 8, 2023 1 min read

The burn rate of Shiba Inu (SHIB) has experienced a remarkable surge of 14,380% within a 24-hour period. This surge followed an ambitious strategy announcement for 2024 and 2025 by the project’s marketing team. In a tweet shared on X (formerly known as Twitter), Lucie, the leader of the project’s marketing team with over 100,000 followers, revealed exciting plans for the future. A key highlight of this plan is Shibarium,

Over 4.3 Trillion Shiba Inu (SHIB) Moved By Whales

November 4, 2023 1 min read

Whale Alert has once again unearthed a jaw-dropping SHIB transaction from Bitvavo, a cryptocurrency exchange. Around 4.4 trillion SHIB tokens were recently transferred from Bitvavo to a wallet held by an anonymous user. The total sum moved by this enigmatic whale amounted to a mind-boggling 4,454,530,677,374 SHIB tokens, with a jaw-dropping value of $34,314,122. Notably, another sizable transaction involving over 3.4 trillion SHIB tokens from a Bitvavo wallet was detected

Are meme coins winning right now?

October 30, 2023 2 mins read

Memecoins are showing some interesting movements in the crypto market, and one particular memecoin, Floki Inu (FLOKI), has been taking the lead. When the recent crypto market rally began, FLOKI initially remained stagnant, much like other meme coins. However, things took a different turn recently. On Thursday, FLOKI broke out of its trading range and embarked on a significant green rally. In the past week alone, the meme coin’s price

Shiba Inu’s marketing lead clears up some confusion surrounding Shibarium and the burning of SHIB tokens

October 27, 2023 1 min read

Shiba Inu’s marketing lead, Lucie, has cleared up some confusion regarding Shibarium and the burning of SHIB commemoratives. When you transfer your SHIB commemoratives from the Ethereum network( L1) to Shibarium( L2), the original SHIB commemoratives are locked in the ground contract. At the same time, a new interpretation of the commemorative is created on Shibarium. So, the original commemoratives are not destroyed or taken out of rotation. They are just locked down. Then comes the important part: when you decide to burn your SHIB commemoratives on Shibarium, you are actually burning this new interpretation, while the original commemoratives stay locked in

One of Shiba Inu’s (SHIB) key technical indicators shows a buy signal: will SHIB rally?

October 26, 2023 1 min read

A technical indicator for Shiba Inu (SHIB) has recently triggered a buy signal, as pointed out by crypto analyst Ali Charts on X, formerly Twitter. Ali Charts conducted an analysis of SHIB’s TD Sequential indicator on a weekly chart. This particular indicator is used to gauge the timing of potential trend reversals and exhaustion. The TD Sequential indicator functions by tracking an asset’s price action over a sequence of nine

Can Shiba Inu (SHIB) reach $0.50 soon?

October 21, 2023 1 min read

Can Shiba Inu (SHIB) really reach $0.50 in the future? It’s a question many are asking, given the popularity of this meme-inspired crypto and the ongoing efforts of its development team to expand its ecosystem. While the dream of SHIB reaching a value of one cent is already on the table, some are setting their sights even higher, betting on the possibility of Shiba Inu hitting the $0.50 mark. Within

Shiba Inu (SHIB) whales make a surprising move that resulted in a 400% turnaround

October 19, 2023 1 min read

Shiba Inu (SHIB) whales have made a surprising move that resulted in a remarkable 400% turnaround. Recent data has shown that Shiba Inu’s largest holders, the top 100 holders, to be precise, have made an astonishing 400% turnaround in their holdings. They’ve increased their stakes in SHIB by a significant margin, defying expectations. The top 100 Shiba Inu holders now collectively own about 80% more SHIB tokens than they did

Shiba Inu (SHIB) Token Burn Rate Surges 100% After Shytoshi Kusama’s Positive Remarks

October 10, 2023 2 mins read

The Shiba Inu (SHIB) successfully burned a significant number of tokens in the past 24 hours. This burning spree involved moving SHIB tokens to inaccessible wallets, effectively reducing the circulating supply. The sudden surge in burning activity followed a bullish statement from Shytoshi Kusama, the lead developer of SHIB, which breathed new life into the token. Earlier in the week, the SHIB token faced a negative burn rate, indicating a

Shiba Inu Burned Over 2.3B SHIB Tokens In September

October 2, 2023 1 min read

Shibburn data revealed a significant reduction in the circulation of Shiba Inu tokens during September. Over 2.3 billion SHIB tokens, equivalent to $17,173, were permanently removed from circulation last month. While this figure is lower than in August, when 5.7 billion SHIB tokens (worth $45,899) were burned, it still signifies a notable reduction. Over the past 24 hours, SHIB has experienced a 3% price increase, accompanied by a surge in

Shiba Inu (SHIB) Burn Rate Surges 940% Amidst Soaring Shibarium Transactions

September 29, 2023 1 min read

The burn rate of Shiba Inu ($SHIB), the cryptocurrency inspired by the Shiba Inu dog meme, has experienced a remarkable surge of more than 940% in the past 24 hours. This surge signifies that a staggering 164 million SHIB tokens have been sent to inactive wallets, effectively reducing the total circulating supply. According to data from Shibburn, a platform that tracks token burns, these burns occurred through a total of

Shibarium Achieves Impressive Milestone: Is a Shiba Inu (SHIB) Price Surge on the Horizon?

September 24, 2023 1 min read

The Layer-2 network known as Shibarium has achieved a remarkable feat, processing over three million transactions in less than a month. The Shiba Inu team has hinted at upcoming developments that are taking place “behind closed doors.” These developments are expected to further demonstrate Shibarium’s strength and stability in the near future. Shibarium’s Rapid User Adoption Following some initial launch challenges, the network has shown significant improvements in various key