CryptoMediaClub
Thursday, July 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Altcoins

Shiba Inu (SHIB) Burn Rate Witnessed a Massive Surge of 13K%

03.05.2023
A A
0
132
VIEWS
ShareShare

Shiba Inu (SHIB) Burn Rate Witnessed a Massive Surge of 13K%

  • Shiba Inu’s burn rate skyrocketed to around 13070.90%.
  • There are 410.63 trillion SHIB tokens removed from Shiba Inu’s initial supply.

Shiba Inu, the second largest memecoin, has witnessed a massive increase in its burn rate. Shibburn, the crypto platform that tracks the SHIB transfers on etherscan, reported that in the last 24 hours, the burn rate of SHIB has skyrocketed to around 13070.90%.

🔥🔥🔥 2,005,265,274 $SHIB -> transferred to dead wallet. https://t.co/H2zMHO9VD9

— Shibburn (@shibburn) May 2, 2023

According to the Shibburn report, the SHIB burn rate increased after over 2 billion SHIB tokens were burned in a single transaction. The process of burning SHIB tokens involves sending the tokens to a dead wallet, which makes them unusable for trading and other purposes.

The SHIB burn rate can directly impact the trading price as it decreases the overall supply. However, there is no certainty that token burning will affect the trading price. It always depends on several factors, like market santiment and the state of the global crypto market.

In the last 24 hours, around 2.25 billion SHIB tokens burned. And also, over 410.63 trillion tokens removed from Shiba Inu’s initial supply.

At the time of writing, the trading price of the SHIB is around $0.00001002, with an increase of 0.60 in the last 24 hours, according to CoinMarketCap.

Recommended For You:

  • Shiba Inu (SHIB) Price Prediction 2023
Share10Tweet6ShareSharePin2

Related Posts

Solana gains 80% in a month as Firedancer goes live on testnet
Altcoins

Solana gains 80% in a month as Firedancer goes live on testnet

02.11.2023
0

Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the...

Read moreDetails
Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

30.10.2023
Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

30.10.2023
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

27.10.2023
FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

27.10.2023
Load More
Next Post
FBI, Ukraine seize 9 exchange domains on money laundering allegations

FBI, Ukraine seize 9 exchange domains on money laundering allegations

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Here is How Much Curve Finance Has Recovered From Its $70M+ Hack 

2 years ago
BTC price bounces at $25.8K lows amid warning over low whale interest

BTC price bounces at $25.8K lows amid warning over low whale interest

2 years ago
BitDAO passes BIP-21 token optimization and branding proposal

BitDAO passes BIP-21 token optimization and branding proposal

2 years ago
World Mobile Launches Token Buyback Program to Boost Sharing Economy Expansion

World Mobile Launches Token Buyback Program to Boost Sharing Economy Expansion

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

Trending

Why Is Crypto Up Today? – July 31, 2025
All news

Why Is Crypto Up Today? – July 31, 2025

31.07.2025
0

The crypto market is up today, seeing a minor uptick. Three-quarters of the top 100 coins per...

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

31.07.2025
Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

31.07.2025
[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

31.07.2025
ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

31.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz