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đš Shiba Inu ($SHIB ) Burn Rate Drops by 90%: Whatâs Next for 2025? đš
The crypto community is buzzing with news about Shiba Inu (SHIB) and its recent burn rate drop by 90%! đ„ While token destruction is designed to reduce supply and increase scarcity, its limited impact on price is raising market skepticism. Hereâs what you need to know! đ
đŸ Sharp Drop in Burn Rate
Shiba Inuâs burn rate has sharply decreased by 90.69%, signaling a slowdown in token destruction. Despite this, the number of tokens burned weekly has increased by 4.5% year-on-year, showing the communityâs ongoing commitment to reducing supply. However, SHIBâs price is currently hovering around $0.00002167, with overall market sentiment still sluggish, despite a slight 1.69% uptick.
đ Whale Transactions: Key Player in SHIBâs Market Activity
Large transactions from whales continue to play a significant role in SHIBâs market movements. With whale transactions over $100,000 stable at 938,000, SHIBâs price remains volatile. Though whale interest is steady, it brings market instability, which could suppress price recovery.
đź 2025 Outlook: Whatâs Ahead for SHIB?
SHIBâs future in 2025 will depend on network development and ecosystem expansion. While whale activity and burning mechanisms offer some liquidity, broad application and real-world use cases are essential for sustained growth. Without this, SHIB faces continued market uncertainty.
đĄ Stay informed and watch the live broadcast to dive deeper into SHIBâs future!
#shiba⥠#Write2Earn! #Crypto2025 #BurnRate #WhaleTransactions #SHIBOutlook #CryptoInsights #Binance
The crypto community is buzzing with news about Shiba Inu (SHIB) and its recent burn rate drop by 90%! đ„ While token destruction is designed to reduce supply and increase scarcity, its limited impact on price is raising market skepticism. Hereâs what you need to know! đ
đŸ Sharp Drop in Burn Rate
Shiba Inuâs burn rate has sharply decreased by 90.69%, signaling a slowdown in token destruction. Despite this, the number of tokens burned weekly has increased by 4.5% year-on-year, showing the communityâs ongoing commitment to reducing supply. However, SHIBâs price is currently hovering around $0.00002167, with overall market sentiment still sluggish, despite a slight 1.69% uptick.
đ Whale Transactions: Key Player in SHIBâs Market Activity
Large transactions from whales continue to play a significant role in SHIBâs market movements. With whale transactions over $100,000 stable at 938,000, SHIBâs price remains volatile. Though whale interest is steady, it brings market instability, which could suppress price recovery.
đź 2025 Outlook: Whatâs Ahead for SHIB?
SHIBâs future in 2025 will depend on network development and ecosystem expansion. While whale activity and burning mechanisms offer some liquidity, broad application and real-world use cases are essential for sustained growth. Without this, SHIB faces continued market uncertainty.
đĄ Stay informed and watch the live broadcast to dive deeper into SHIBâs future!
#shiba⥠#Write2Earn! #Crypto2025 #BurnRate #WhaleTransactions #SHIBOutlook #CryptoInsights #Binance
Binance News
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Shiba Inu Burn Rate Surges While Transaction Activity Drops
According to U.Today, the daily burn rate of Shiba Inu, a popular meme cryptocurrency, has seen a significant increase, with millions of coins being removed from the circulating supply. Data from the Shibburn explorer shows that the SHIB burn rate has risen by 62.58% in the last 24 hours. This has resulted in the Shiba Inu community successfully eliminating a total of 6,985,600 SHIB coins through 10 burn transactions. The largest burn transfers recorded by this tracker included 2,555,239, 1,500,000, and 1,045,369 SHIB. Over the past week, the community has managed to dispose of 57,671,544 SHIB, which is almost 57% less than the amount sent to unspendable blockchain wallets the previous week.
In total, a staggering 410,726,422,225,031 SHIB has been burned from the quadrillion supply created by Ryoshi when SHIB was launched in 2020. The current circulating supply of Shiba Inu on the market is 582,992,864,057,113 SHIB coins, with 6,280,713,717,854 SHIB locked in staking platforms. However, the price of SHIB has seen a decline of just over 4% in the past 24 hours, dropping from $0.00002504 to $0.00002397.
On the other hand, the Shibariumscan explorer indicates a continuous decrease in on-chain activity on this layer-2 solution. The daily transaction count has fallen to 11,910, a significant drop from the 16,900 recorded on Saturday. This represents a more than 97% decrease compared to the 562,990 transactions observed on Shibarium on April 17. The total number of transfers on this progressive blockchain platform has risen to 417,490,509, with the number of connected wallets at 1,803,114. This massive decline in transaction activity could be due to the current upgrades being implemented on Shibarium. Last week, SHIB lead Shytoshi Kusama announced the bridging of a new version of the ShibaSwap DEX from the Ethereum blockchain to Shibarium, expanding the opportunities for SHIB users.
In total, a staggering 410,726,422,225,031 SHIB has been burned from the quadrillion supply created by Ryoshi when SHIB was launched in 2020. The current circulating supply of Shiba Inu on the market is 582,992,864,057,113 SHIB coins, with 6,280,713,717,854 SHIB locked in staking platforms. However, the price of SHIB has seen a decline of just over 4% in the past 24 hours, dropping from $0.00002504 to $0.00002397.
On the other hand, the Shibariumscan explorer indicates a continuous decrease in on-chain activity on this layer-2 solution. The daily transaction count has fallen to 11,910, a significant drop from the 16,900 recorded on Saturday. This represents a more than 97% decrease compared to the 562,990 transactions observed on Shibarium on April 17. The total number of transfers on this progressive blockchain platform has risen to 417,490,509, with the number of connected wallets at 1,803,114. This massive decline in transaction activity could be due to the current upgrades being implemented on Shibarium. Last week, SHIB lead Shytoshi Kusama announced the bridging of a new version of the ShibaSwap DEX from the Ethereum blockchain to Shibarium, expanding the opportunities for SHIB users.