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Shiba Inu Community Stunned by Massive 144,045% SHIB Burn Surge
SHIB Burn Reaches Record Levels
According to data shared by Shibburn, the burn rate of SHIB tokens has skyrocketed over the past 24 hours, marking an astounding 144,045% increase—the highest in a long time.
This surge in burn activity not only set a daily record but also contributed to a significant weekly increase, thanks to the persistent efforts of the Shiba Inu community.
144,045% Burn Rate Increase in 24 Hours
In the past 24 hours, more than 2,041,299,351 SHIB tokens were permanently removed from circulation by being sent to unspendable blockchain wallets. This massive burn was primarily driven by a single transaction that destroyed 2,020,624,700 SHIB.
In addition to this major transfer, two smaller transactions burned 18,998,748 SHIB and 2,520,176 SHIB, respectively.
Over the past week, a total of 4,251,012,135 SHIB tokens have been burned, representing a weekly burn rate increase of 1,990.39%. The Shiba Inu community enthusiastically welcomed these developments with a wave of bullish comments.
New Burn Mechanism Introduced in Shibarium Update
The Shiba Inu development team recently rolled out a significant upgrade for the Heimdall and Bor hard forks, initially integrated earlier this year. This upgrade, compatible with Ethereum’s Dencum fork, focuses on improving security, efficiency, and blockchain management within the Shibarium ecosystem.
Part of the update includes a new SHIB burn contract designed to further reduce the circulating supply and add “value to holders.” However, specific details about this burn mechanism have yet to be disclosed.
SHIB Price Surge
On December 4, Shiba Inu—the second-largest meme cryptocurrency by market capitalization—saw its price rise by more than 10%, climbing from $0.00002757 to $0.00003060.
Goal to Push SHIB into the Top 5 Cryptocurrencies
Shytoshi Kusama, the enigmatic founder of Shiba Inu, recently stated that he is working tirelessly to propel SHIB into the top 5 cryptocurrencies without relying on a large marketing budget. This statement came shortly before XRP moved into the top three cryptocurrencies.
#Shibarium , #SHIBburn , #MemeCommunity , #memecoin🚀🚀🚀 , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
According to data shared by Shibburn, the burn rate of SHIB tokens has skyrocketed over the past 24 hours, marking an astounding 144,045% increase—the highest in a long time.
This surge in burn activity not only set a daily record but also contributed to a significant weekly increase, thanks to the persistent efforts of the Shiba Inu community.
144,045% Burn Rate Increase in 24 Hours
In the past 24 hours, more than 2,041,299,351 SHIB tokens were permanently removed from circulation by being sent to unspendable blockchain wallets. This massive burn was primarily driven by a single transaction that destroyed 2,020,624,700 SHIB.
In addition to this major transfer, two smaller transactions burned 18,998,748 SHIB and 2,520,176 SHIB, respectively.
Over the past week, a total of 4,251,012,135 SHIB tokens have been burned, representing a weekly burn rate increase of 1,990.39%. The Shiba Inu community enthusiastically welcomed these developments with a wave of bullish comments.
New Burn Mechanism Introduced in Shibarium Update
The Shiba Inu development team recently rolled out a significant upgrade for the Heimdall and Bor hard forks, initially integrated earlier this year. This upgrade, compatible with Ethereum’s Dencum fork, focuses on improving security, efficiency, and blockchain management within the Shibarium ecosystem.
Part of the update includes a new SHIB burn contract designed to further reduce the circulating supply and add “value to holders.” However, specific details about this burn mechanism have yet to be disclosed.
SHIB Price Surge
On December 4, Shiba Inu—the second-largest meme cryptocurrency by market capitalization—saw its price rise by more than 10%, climbing from $0.00002757 to $0.00003060.
Goal to Push SHIB into the Top 5 Cryptocurrencies
Shytoshi Kusama, the enigmatic founder of Shiba Inu, recently stated that he is working tirelessly to propel SHIB into the top 5 cryptocurrencies without relying on a large marketing budget. This statement came shortly before XRP moved into the top three cryptocurrencies.
#Shibarium , #SHIBburn , #MemeCommunity , #memecoin🚀🚀🚀 , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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