Shiba.Inu
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🤷♂️Is Shiba Inu Going To Make You A Millionaire🥵
🐕 The Charm of Shiba Inu
A Pawsitive Look into Its Future 🚀
Are you ready to dive into the enchanting world of Shiba Inu? 🌟 These adorable, fox-like companions have captured the hearts of dog lovers worldwide, and their future is as bright as their spirited personalities!
🌈 **The Rise of Shiba Inu:** Originating from Japan, Shiba Inus have skyrocketed to fame, thanks to their distinct appearance and quirky antics. Social media platforms are flooded with their captivating photos and videos, turning them into internet sensations.
🚀 **Shiba Inu and Cryptocurrency:** But wait, there's more to Shiba Inu than just their cute faces! 🐾 Shiba Inu has also made its mark in the cryptocurrency world. The Shiba token, an Ethereum-based cryptocurrency, has gained significant attention. Its community-driven approach and decentralized nature make it an intriguing player in the crypto space.
📈 **The Future Looks Promising:** What lies ahead for Shiba Inu? 🌐 With a dedicated and passionate community backing both the Shiba Inu breed and the Shiba token, the future seems promising. The Shiba Inu ecosystem continues to evolve, bringing innovative ideas and projects to the forefront.
🌌 **ShibaSwap and Beyond:** One of the exciting developments is ShibaSwap, a decentralized exchange platform. This addition to the Shiba Inu ecosystem opens new possibilities for the community, offering opportunities for token holders to stake and earn rewards.
🔮 **Community Power:** The strength of Shiba Inu lies in its community. With an engaged and supportive fan base, Shiba Inu enthusiasts actively participate in discussions, initiatives, and even charitable endeavors. This sense of community contributes to the resilience and potential longevity of the Shiba Inu phenomenon.
❄ Whether you're a dog lover fascinated by these adorable creatures or a crypto enthusiast exploring innovative projects, Shiba Inu's journey is one to watch!
#BinanceTournament #Shiba.Inu #crypto2023 #cryptocurrency
🐕 The Charm of Shiba Inu
A Pawsitive Look into Its Future 🚀
Are you ready to dive into the enchanting world of Shiba Inu? 🌟 These adorable, fox-like companions have captured the hearts of dog lovers worldwide, and their future is as bright as their spirited personalities!
🌈 **The Rise of Shiba Inu:** Originating from Japan, Shiba Inus have skyrocketed to fame, thanks to their distinct appearance and quirky antics. Social media platforms are flooded with their captivating photos and videos, turning them into internet sensations.
🚀 **Shiba Inu and Cryptocurrency:** But wait, there's more to Shiba Inu than just their cute faces! 🐾 Shiba Inu has also made its mark in the cryptocurrency world. The Shiba token, an Ethereum-based cryptocurrency, has gained significant attention. Its community-driven approach and decentralized nature make it an intriguing player in the crypto space.
📈 **The Future Looks Promising:** What lies ahead for Shiba Inu? 🌐 With a dedicated and passionate community backing both the Shiba Inu breed and the Shiba token, the future seems promising. The Shiba Inu ecosystem continues to evolve, bringing innovative ideas and projects to the forefront.
🌌 **ShibaSwap and Beyond:** One of the exciting developments is ShibaSwap, a decentralized exchange platform. This addition to the Shiba Inu ecosystem opens new possibilities for the community, offering opportunities for token holders to stake and earn rewards.
🔮 **Community Power:** The strength of Shiba Inu lies in its community. With an engaged and supportive fan base, Shiba Inu enthusiasts actively participate in discussions, initiatives, and even charitable endeavors. This sense of community contributes to the resilience and potential longevity of the Shiba Inu phenomenon.
❄ Whether you're a dog lover fascinated by these adorable creatures or a crypto enthusiast exploring innovative projects, Shiba Inu's journey is one to watch!
#BinanceTournament #Shiba.Inu #crypto2023 #cryptocurrency
"Poloniex Faces Massive 577 Billion Shiba Inu Token Theft in Unprecedented Cyber Hit"
Attackers behind the Poloniex heist stole a whopping 577 billion Shiba Inu tokens and other crypto assets from the exchange.
Read more on: https://thecryptobasic.com/2023/11/11/577-billion-shiba-inu-tokens-stolen-from-poloniex-exchange/
#SHIBs #Shiba.Inu #SHIBCommunity #Crypto #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/11/577-billion-shiba-inu-tokens-stolen-from-poloniex-exchange/
#SHIBs #Shiba.Inu #SHIBCommunity #Crypto #CryptoNews🔒📰🚫
- Lead developer Shytoshi Kusama teases an upcoming "revolutionary" year-end surprise, hinting at po
- Lead developer Shytoshi Kusama teases an upcoming "revolutionary" year-end surprise, hinting at potential excitement in the Shiba Inu ecosystem.
- Shibarium, the Shiba Inu network, achieves a milestone with daily transactions surpassing 6 million, accompanied by the creation of over 1.3 million wallets and processing 134 million transactions.
- SHIB experiences a slight decline of about 7%, tracking alongside Bitcoin and Ethereum, while retesting the critical support level at $0.0000097.
- Analyst Ali anticipates a rebound and a substantial 45% surge in SHIB's value, projecting a rise to $0.000014, contingent upon the realization of the hinted year-end surprise.
Throughout this year, SHIB hasn't seen the meteoric rise it once did. While its growth has been modest at around 20%, it's been relatively quieter. Yet, beneath the surface, significant developments have been brewing, setting the stage for a potentially remarkable year-end finale.
Hints of an Exciting Year-End Surprise for SHIB
Shytoshi Kusama, the enigmatic lead developer behind SHIB, has tantalized the SHIB community with whispers of a game-changing "year-ending surprise." Through cryptic tweets over the weekend, Kusama hinted at a forthcoming development deemed "revolutionary," suggesting a transformative shift poised to redefine Shiba Inu's trajectory.
The details remain shrouded in mystery, but Kusama's allusions point toward a potential burning of substantial SHIB tokens—potentially involving billions or trillions—hinting at a monumental shift. Further teases suggest these updates could propel SHIB beyond its memecoin origins into a network equipped to address tangible real-world challenges.
Embracing Global Adoption and Evolution
Kusama emphasized the imperative of global adoption for Shiba Inu, advocating for Web3 innovators to strive toward making SHIB universally accessible and appealing. This shift hints at a metamorphosis from a playful meme-based currency to a platform aiming to solve substantial real-world issues.
Teasing the Unveiling: Shibarium's Soaring Metrics
In anticipation of the enigmatic reveal, Shibarium's metrics have soared. Daily transactions on the network surged beyond 6 million, showcasing an exponential rise. Wallet addresses created on the network crossed the 1.3 million milestone, presently numbering approximately 1,316,316 and continuing to grow.
The network's cumulative transaction count has also skyrocketed, exceeding 130 million transactions—a testament to increasing engagement within the Shiba Inu ecosystem.
Predictions Amid Market Fluctuations
Currently trading around $0.00000845, SHIB experienced a marginal daily decline of about 7% in line with the broader market trend. Bitcoin and Ethereum, experiencing similar downward trends, contributed to this temporary pullback.
Recent price fluctuations show SHIB retesting resistance levels after an initial surge above $0.00001, subsequently facing resistance at $0.000011. While recent movements have dipped slightly below $0.00001, retesting the $0.0000097 resistance, analysts remain optimistic.
Potential Outlook and Future Scenarios
With the promised groundbreaking update looming, a resurgence could catapult SHIB to a projected 45% rally before year-end, targeting the $0.000014 threshold—provided it sustains above key support levels.
Disclaimer: While Voice of Crypto aims to provide accurate and current information, readers are advised to conduct their own research due to the volatile nature of cryptocurrencies. Financial decisions should be made with diligence and understanding of potential risks.
#ShibaSurge #SHIB #Shiba.Inu #ShibaInuUpdate
$SHIB
- Shibarium, the Shiba Inu network, achieves a milestone with daily transactions surpassing 6 million, accompanied by the creation of over 1.3 million wallets and processing 134 million transactions.
- SHIB experiences a slight decline of about 7%, tracking alongside Bitcoin and Ethereum, while retesting the critical support level at $0.0000097.
- Analyst Ali anticipates a rebound and a substantial 45% surge in SHIB's value, projecting a rise to $0.000014, contingent upon the realization of the hinted year-end surprise.
Throughout this year, SHIB hasn't seen the meteoric rise it once did. While its growth has been modest at around 20%, it's been relatively quieter. Yet, beneath the surface, significant developments have been brewing, setting the stage for a potentially remarkable year-end finale.
Hints of an Exciting Year-End Surprise for SHIB
Shytoshi Kusama, the enigmatic lead developer behind SHIB, has tantalized the SHIB community with whispers of a game-changing "year-ending surprise." Through cryptic tweets over the weekend, Kusama hinted at a forthcoming development deemed "revolutionary," suggesting a transformative shift poised to redefine Shiba Inu's trajectory.
The details remain shrouded in mystery, but Kusama's allusions point toward a potential burning of substantial SHIB tokens—potentially involving billions or trillions—hinting at a monumental shift. Further teases suggest these updates could propel SHIB beyond its memecoin origins into a network equipped to address tangible real-world challenges.
Embracing Global Adoption and Evolution
Kusama emphasized the imperative of global adoption for Shiba Inu, advocating for Web3 innovators to strive toward making SHIB universally accessible and appealing. This shift hints at a metamorphosis from a playful meme-based currency to a platform aiming to solve substantial real-world issues.
Teasing the Unveiling: Shibarium's Soaring Metrics
In anticipation of the enigmatic reveal, Shibarium's metrics have soared. Daily transactions on the network surged beyond 6 million, showcasing an exponential rise. Wallet addresses created on the network crossed the 1.3 million milestone, presently numbering approximately 1,316,316 and continuing to grow.
The network's cumulative transaction count has also skyrocketed, exceeding 130 million transactions—a testament to increasing engagement within the Shiba Inu ecosystem.
Predictions Amid Market Fluctuations
Currently trading around $0.00000845, SHIB experienced a marginal daily decline of about 7% in line with the broader market trend. Bitcoin and Ethereum, experiencing similar downward trends, contributed to this temporary pullback.
Recent price fluctuations show SHIB retesting resistance levels after an initial surge above $0.00001, subsequently facing resistance at $0.000011. While recent movements have dipped slightly below $0.00001, retesting the $0.0000097 resistance, analysts remain optimistic.
Potential Outlook and Future Scenarios
With the promised groundbreaking update looming, a resurgence could catapult SHIB to a projected 45% rally before year-end, targeting the $0.000014 threshold—provided it sustains above key support levels.
Disclaimer: While Voice of Crypto aims to provide accurate and current information, readers are advised to conduct their own research due to the volatile nature of cryptocurrencies. Financial decisions should be made with diligence and understanding of potential risks.
#ShibaSurge #SHIB #Shiba.Inu #ShibaInuUpdate
$SHIB
The developer of the #Shiba.Inu reveals a technical problem related to the system of the newly launched The Shib magazine.
_Shiba Inu developer #Kaal.Dhairya said on Tuesday. The self-authentication system recently introduced as part of The Shib magazine has had some technical issues. Additionally, today the Shiba Inu launched The Shib Magazine to provide the community with updates including the #Shibarium and Shib products and services. And interviews with cryptocurrency industry experts. The problem of the Shiba Inu's self-authentication system has moved Kaal Dhairya, one of the developers of the Shiba Inu. to X on November 7 to inform the community of a technical issue with The Shib's new self-authentication system. The developers of the #Shiba.Inu ecosystem are working to fix the problem as quickly as possible. “The self-authentication system newly introduced as part of The Shib magazine is experiencing some technical issues for some users. We are working to fix this issue as soon as possible.”
$SHIB
#follow To see more news and details about digital currencies ⬇️💵🚀💯
_Shiba Inu developer #Kaal.Dhairya said on Tuesday. The self-authentication system recently introduced as part of The Shib magazine has had some technical issues. Additionally, today the Shiba Inu launched The Shib Magazine to provide the community with updates including the #Shibarium and Shib products and services. And interviews with cryptocurrency industry experts. The problem of the Shiba Inu's self-authentication system has moved Kaal Dhairya, one of the developers of the Shiba Inu. to X on November 7 to inform the community of a technical issue with The Shib's new self-authentication system. The developers of the #Shiba.Inu ecosystem are working to fix the problem as quickly as possible. “The self-authentication system newly introduced as part of The Shib magazine is experiencing some technical issues for some users. We are working to fix this issue as soon as possible.”
$SHIB
#follow To see more news and details about digital currencies ⬇️💵🚀💯
#Shiba.Inu project leader #Chitoshi Kusama hints at preparing for the next bull market.
_#Chitoshi.Kusama , the mysterious leader of the Shiba Inu (SHIB) cryptocurrency project, expressed... He recently expressed his confidence in the community's ability to benefit from the expected Pole Market. He stressed: “We are ready to benefit from it.” In conversations via Telegram, Kusama expressed a sense of perseverance and progress. Chitoshi Kusama remains optimistic about the #Shiba.Inu (SHIB) in a recent statement in response to a question from a community member about whether or not the bull market will be missed. Kusama conveyed a feeling of confidence and preparedness, saying: “Look at today. I don't think we'll miss it. In fact, we are on track to complete our work.” But he expressed the need to obtain support from the community to achieve the set goals. “I will do my best to complete all the promised items and more. All I need is your support once the framework is complete.”
$SHIB
#follow To see more news and details about digital currencies 💯💵⬇️
_#Chitoshi.Kusama , the mysterious leader of the Shiba Inu (SHIB) cryptocurrency project, expressed... He recently expressed his confidence in the community's ability to benefit from the expected Pole Market. He stressed: “We are ready to benefit from it.” In conversations via Telegram, Kusama expressed a sense of perseverance and progress. Chitoshi Kusama remains optimistic about the #Shiba.Inu (SHIB) in a recent statement in response to a question from a community member about whether or not the bull market will be missed. Kusama conveyed a feeling of confidence and preparedness, saying: “Look at today. I don't think we'll miss it. In fact, we are on track to complete our work.” But he expressed the need to obtain support from the community to achieve the set goals. “I will do my best to complete all the promised items and more. All I need is your support once the framework is complete.”
$SHIB
#follow To see more news and details about digital currencies 💯💵⬇️
⚡️ TOP MEME Tokens by Social Activity
$DOGE $SHIB $PEPE $FLOKI $TAMA #BABYDOGE $QUACK $YOOSHI $VINU $TSUKA #Doge🦊 #Shiba.Inu #Floki #PEPE🔥🔥
$DOGE $SHIB $PEPE $FLOKI $TAMA #BABYDOGE $QUACK $YOOSHI $VINU $TSUKA #Doge🦊 #Shiba.Inu #Floki #PEPE🔥🔥
$SHIB #Shiba.Inu is currently retesting the major trendline and is expected to bounce back soon. 📈
#BinanceJapanTransition #BinanceSquareBTC #BTC #BTC🔥🔥 $XRP $ETH
@BreakOut_Expert
#BinanceJapanTransition #BinanceSquareBTC #BTC #BTC🔥🔥 $XRP $ETH
@BreakOut_Expert
Shiba Inu Rockets to $0.00000926, Experts Eye a Remarkable 2-Cent Future
The Shiba Inu (SHIB) dream to claim a $0.02 (2 cents) price might not be mere wishful thinking, according to Telegaon, which predicts SHIB to hit this target between 2030 and 2040.
Read more on: https://thecryptobasic.com/2023/11/11/shiba-inu-projected-to-hit-2-cents-as-it-spikes-to-0-00000926-heres-the-possible-timeline/
#Shiba.Inu #ShibaInuPriceForecast #SHIBCommunity #CryptoYieldsSkyrocket #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/11/shiba-inu-projected-to-hit-2-cents-as-it-spikes-to-0-00000926-heres-the-possible-timeline/
#Shiba.Inu #ShibaInuPriceForecast #SHIBCommunity #CryptoYieldsSkyrocket #CryptoNews🔒📰🚫
Shiba Inu (SHIB) Holders Must Pay Attention to This Urgent Warning!
As a Shiba Inu (SHIB) holder, you must be aware of the recent warnings circulating within the community. Scammers are constantly trying to exploit the popularity of SHIB and DeFi projects built on its ecosystem, like Shibarium, to steal funds from unsuspecting investors.
Here are the key points of the urgent warning that SHIB holders need to heed:
1. Beware of Fake K9 Finance Telegram Groups:
K9 Finance is a legitimate upcoming DeFi infrastructure project on Shibarium. However, scammers have created fake Telegram groups impersonating K9 Finance to lure investors into sending funds to unauthorized addresses. Remember, the real K9 Finance will never ask you to send funds through Telegram.
2. Don't Fall for Phishing Attacks:
Phishing scams are prevalent in the crypto space, and SHIB holders are prime targets. Scammers may send emails or messages with malicious links that, when clicked, can steal your private keys or seed phrases. Always verify the legitimacy of any sender and link before interacting.
3. Be Cautious of Fake Bad Idea AI Tokens:
While Bad Idea AI (BAD) is an official partner of Shibarium, its token is not yet bridged to the platform. Scammers have been issuing fake BAD tokens on Shibarium to trick investors. Only invest in tokens listed on the official Shibarium website or reputable exchanges.
4. Stay Vigilant and Do Your Research:
Before investing in any project, especially those associated with Shibarium, do your own research. Read whitepapers, join official communities, and verify information through trusted sources. Remember, if something sounds too good to be true, it probably is.
5. Secure Your Crypto Assets:
Always store your SHIB and other crypto assets in secure wallets, preferably hardware wallets. Use strong passwords and enable two-factor authentication (2FA) on all your accounts.
Additional Tips:
Never share your private keys or seed phrases with anyone.
Be wary of unsolicited investment advice, especially on social media.
#Shiba.Inu
#TradeNTell
As a Shiba Inu (SHIB) holder, you must be aware of the recent warnings circulating within the community. Scammers are constantly trying to exploit the popularity of SHIB and DeFi projects built on its ecosystem, like Shibarium, to steal funds from unsuspecting investors.
Here are the key points of the urgent warning that SHIB holders need to heed:
1. Beware of Fake K9 Finance Telegram Groups:
K9 Finance is a legitimate upcoming DeFi infrastructure project on Shibarium. However, scammers have created fake Telegram groups impersonating K9 Finance to lure investors into sending funds to unauthorized addresses. Remember, the real K9 Finance will never ask you to send funds through Telegram.
2. Don't Fall for Phishing Attacks:
Phishing scams are prevalent in the crypto space, and SHIB holders are prime targets. Scammers may send emails or messages with malicious links that, when clicked, can steal your private keys or seed phrases. Always verify the legitimacy of any sender and link before interacting.
3. Be Cautious of Fake Bad Idea AI Tokens:
While Bad Idea AI (BAD) is an official partner of Shibarium, its token is not yet bridged to the platform. Scammers have been issuing fake BAD tokens on Shibarium to trick investors. Only invest in tokens listed on the official Shibarium website or reputable exchanges.
4. Stay Vigilant and Do Your Research:
Before investing in any project, especially those associated with Shibarium, do your own research. Read whitepapers, join official communities, and verify information through trusted sources. Remember, if something sounds too good to be true, it probably is.
5. Secure Your Crypto Assets:
Always store your SHIB and other crypto assets in secure wallets, preferably hardware wallets. Use strong passwords and enable two-factor authentication (2FA) on all your accounts.
Additional Tips:
Never share your private keys or seed phrases with anyone.
Be wary of unsolicited investment advice, especially on social media.
#Shiba.Inu
#TradeNTell
#Bullish on #Shiba.Inu
Waiting for it to hit that High and possibly break it next 2024. #BullRunPredictions
Waiting for it to hit that High and possibly break it next 2024. #BullRunPredictions
#BTC So what actually should we believe?
After #elon played the whole Cryptocurrencies community and lead everyone buy #Doge🦊 😂😂
in 2021, boom he sells off his holdings, he dumped the meme on us!!.
Then he claimed #Tesla will now accept Bitcoin as payment mode, boom BTC skyrocketed to $60k 😂😂😂..
Hopefully after making his profits, he now told us his not accepting btc again and said he sold off part of his btc holdings, boom, everything crashed ...
He now post a #Shiba.Inu image, Shiba sky rocket
A famous Billionaire playing with our future investment 😂😂
Elon musk!! you can't play us again, this is 2024 not 2021, we are wiser now!!!!..
Thank you
After #elon played the whole Cryptocurrencies community and lead everyone buy #Doge🦊 😂😂
in 2021, boom he sells off his holdings, he dumped the meme on us!!.
Then he claimed #Tesla will now accept Bitcoin as payment mode, boom BTC skyrocketed to $60k 😂😂😂..
Hopefully after making his profits, he now told us his not accepting btc again and said he sold off part of his btc holdings, boom, everything crashed ...
He now post a #Shiba.Inu image, Shiba sky rocket
A famous Billionaire playing with our future investment 😂😂
Elon musk!! you can't play us again, this is 2024 not 2021, we are wiser now!!!!..
Thank you
Enormous 4.25 Trillion Shiba Inu Token Withdrawal Accompanied by a 5175% Surge in Burn Activity
As of December 25, 2023, an unprecedented movement occurred within the Shiba Inu (SHIB) ecosystem, witnessing a withdrawal of 4.25 trillion SHIB tokens from various exchanges. This significant amount constitutes nearly 1% of the total SHIB value currently in circulation. Remarkably, during this period, the burn rates experienced an astronomical surge, reaching an increase of up to 5175% compared to their regular volumes.
Elevated Whale Activity in Shiba Inu The recent surge in whale activity over the past few days far surpassed their usual engagements. An approximate amount of 4.25 trillion SHIB, equivalent to $42.5 million, was mobilized.
It's worth highlighting that Shiba Inu has garnered favor among several Ethereum whales, prompting substantial movements of their funds between addresses. These transactions, crucially, necessitate on-chain recording and consequently incur gas fees. Notably, the tokens utilized for burns in Shiba Inu originate from these gas fees.
Consequently, large-scale transactions incur substantial gas fees, consequently leading to elevated burn rates.
Unprecedented Surge in Burn Activity by 5175% In the 24-hour window preceding this report, the SHIB burn rates skyrocketed. The graph displays a staggering surge, around 51.7 times higher than its previous values. The total tokens burned amounted to 54 million SHIB.
The two transactions, alone accounting for 25 million and 20 million SHIB tokens (a combined 45 million SHIB), were conducted from the following addresses:
0xc34b1afac96fbdb26d522a90bddfb730e1bb6e01e2ade0f201408b120ada1478 0xea63f95225250f7099c8cd145ebd89bed958d4d303fd48d5d6bf621e6d57f378
In the preceding weeks, specifically during the first and second week of December 2023, the Shibarium network observed a surge in total transactions, escalating from 60 million to 150 million.
Within the last 30 hours, over 47 substantial transactions were recorded. Below is a snapshot showcasing some recent transactions.
Ongoing Substantial Burn Transactions in Shiba Inu as of December 25, 2023
Continued Burn Activity by SHIB Team Results in the Burn of 33.6 Billion Lucy, Shiba Inu's marketing manager, disclosed via Twitter the extensive burn campaign that resulted in the incineration of $90,857 worth of SHIB tokens. To date, four burn schedules have effectively eradicated 33.6 billion SHIB tokens, amounting to $363,600.
Token Burns and Their Impact Token burns serve as a mechanism to decrease the circulating supply of cryptocurrencies. This reduction in circulation often leads to an increase in the value of the remaining tokens. This principle aligns with the law of demand and supply, where a decrease in supply, with demand held constant, drives up the price of an item.
Burnt tokens are transferred to dead addresses lacking keys, rendering these coins and tokens irretrievable.
In Shiba Inu's case, three burn addresses exist, with two being dead addresses and one functioning as a black hole address. The third address channels SHIB tokens directly to the Genesis block.
Note: The Genesis Block signifies the first block in any blockchain.
Potential for $1 Valuation in SHIB via Burn Transactions For Shiba Inu to reach $1, it would need to eliminate 99.99999% of its current supply, assuming constant prices. While this figure appears daunting, Shiba Inu's lead developer, Shytoshi Kusama, has expressed a long-term aspiration to remove 99.9% of the current supply from circulation.
Achieving this in the near term might seem improbable, but concrete actions could be anticipated in the longer run.
Disclaimer: Voice of Crypto aims to provide accurate and timely information, but it disclaims responsibility for any missing facts or inaccuracies. Cryptocurrencies are highly volatile financial assets, and it's advisable to conduct thorough research and make informed financial decisions.
$SHIB
Elevated Whale Activity in Shiba Inu The recent surge in whale activity over the past few days far surpassed their usual engagements. An approximate amount of 4.25 trillion SHIB, equivalent to $42.5 million, was mobilized.
It's worth highlighting that Shiba Inu has garnered favor among several Ethereum whales, prompting substantial movements of their funds between addresses. These transactions, crucially, necessitate on-chain recording and consequently incur gas fees. Notably, the tokens utilized for burns in Shiba Inu originate from these gas fees.
Consequently, large-scale transactions incur substantial gas fees, consequently leading to elevated burn rates.
Unprecedented Surge in Burn Activity by 5175% In the 24-hour window preceding this report, the SHIB burn rates skyrocketed. The graph displays a staggering surge, around 51.7 times higher than its previous values. The total tokens burned amounted to 54 million SHIB.
The two transactions, alone accounting for 25 million and 20 million SHIB tokens (a combined 45 million SHIB), were conducted from the following addresses:
0xc34b1afac96fbdb26d522a90bddfb730e1bb6e01e2ade0f201408b120ada1478 0xea63f95225250f7099c8cd145ebd89bed958d4d303fd48d5d6bf621e6d57f378
In the preceding weeks, specifically during the first and second week of December 2023, the Shibarium network observed a surge in total transactions, escalating from 60 million to 150 million.
Within the last 30 hours, over 47 substantial transactions were recorded. Below is a snapshot showcasing some recent transactions.
Ongoing Substantial Burn Transactions in Shiba Inu as of December 25, 2023
Continued Burn Activity by SHIB Team Results in the Burn of 33.6 Billion Lucy, Shiba Inu's marketing manager, disclosed via Twitter the extensive burn campaign that resulted in the incineration of $90,857 worth of SHIB tokens. To date, four burn schedules have effectively eradicated 33.6 billion SHIB tokens, amounting to $363,600.
Token Burns and Their Impact Token burns serve as a mechanism to decrease the circulating supply of cryptocurrencies. This reduction in circulation often leads to an increase in the value of the remaining tokens. This principle aligns with the law of demand and supply, where a decrease in supply, with demand held constant, drives up the price of an item.
Burnt tokens are transferred to dead addresses lacking keys, rendering these coins and tokens irretrievable.
In Shiba Inu's case, three burn addresses exist, with two being dead addresses and one functioning as a black hole address. The third address channels SHIB tokens directly to the Genesis block.
Note: The Genesis Block signifies the first block in any blockchain.
Potential for $1 Valuation in SHIB via Burn Transactions For Shiba Inu to reach $1, it would need to eliminate 99.99999% of its current supply, assuming constant prices. While this figure appears daunting, Shiba Inu's lead developer, Shytoshi Kusama, has expressed a long-term aspiration to remove 99.9% of the current supply from circulation.
Achieving this in the near term might seem improbable, but concrete actions could be anticipated in the longer run.
Disclaimer: Voice of Crypto aims to provide accurate and timely information, but it disclaims responsibility for any missing facts or inaccuracies. Cryptocurrencies are highly volatile financial assets, and it's advisable to conduct thorough research and make informed financial decisions.
$SHIB
Manny Pacquiao Turns to Shiba Inu to Help His Foundation
Filipino boxing legend Manny Pacquiao has announced that his charitable foundation will use meme token Shiba Inu’s network for fundraising.
In a Wednesday announcement, the world-champion-turned-politician said that the Manny Pacquiao Foundation would implement Shiba Inu’s Layer 2 blockchain Shibarium into the foundation’s operations.
The Manny Pacquiao Foundation is a non-profit run by the former fighter.
Shibarium is a layer-2 network backed by SHIB tokens which runs on Ethereum. Launched in August, the idea is that the network will make it quicker and cheaper to build and transact on Ethereum, much like layer-2 networks that have come before it, such as Arbitrum and Optimism.
#ShibaInuUpdate #ShibMagazine #Shiba.Inu
$SHIB $XRP $BTC
Filipino boxing legend Manny Pacquiao has announced that his charitable foundation will use meme token Shiba Inu’s network for fundraising.
In a Wednesday announcement, the world-champion-turned-politician said that the Manny Pacquiao Foundation would implement Shiba Inu’s Layer 2 blockchain Shibarium into the foundation’s operations.
The Manny Pacquiao Foundation is a non-profit run by the former fighter.
Shibarium is a layer-2 network backed by SHIB tokens which runs on Ethereum. Launched in August, the idea is that the network will make it quicker and cheaper to build and transact on Ethereum, much like layer-2 networks that have come before it, such as Arbitrum and Optimism.
#ShibaInuUpdate #ShibMagazine #Shiba.Inu
$SHIB $XRP $BTC
Shiba Inu Token Burn Event Sends Shockwaves
In a surprising turn of events, millions of Shiba Inu tokens were burned, causing a 10% dip in the price of SHIB. The Shiba Inu community witnessed a major milestone as a substantial number of tokens were intentionally taken out of circulation, sparking both excitement and concern among investors.
The burn event, initiated by the Shiba Inu development team, aimed to address concerns about the token's supply and to enhance its overall value. The decision to burn a significant quantity of SHIB reflects the team's commitment to creating a more deflationary ecosystem, with SHIB prices experiencing a temporary 10% decline. Investors, however, are closely monitoring the situation, as such intentional token burns have historically demonstrated mixed outcomes for the respective cryptocurrencies.
Shiba Inu, often dubbed as the "Dogecoin killer," has gained immense popularity in recent months, fueled by a passionate community and high-profile endorsements. The decision to burn millions of SHIB tokens underscores the project's determination to differentiate itself from the plethora of meme coins in the market.While short-term market fluctuations are not uncommon in the volatile world of cryptocurrencies, the Shiba Inu community remains optimistic about the long-term impact of the token burn. The move is seen as a strategic step to align the project with a more sustainable and deflationary model, potentially attracting a broader investor base.
Industry experts are divided on the implications of this burn event. Some argue that reducing the token supply will create scarcity and drive up demand, leading to potential price appreciation. Others, however, express concerns about the abruptness of the burn and its immediate impact on market dynamics. Whether this move will catapult SHIB into a new phase of growth or introduce heightened volatility remains to be seen, but one thing is certain - the world of Shiba Inu is once again making waves in the crypto space.
$SHIB
#Shiba.Inu #ShibaSurge #shibawhale #Binance #WhaleAlert
In a surprising turn of events, millions of Shiba Inu tokens were burned, causing a 10% dip in the price of SHIB. The Shiba Inu community witnessed a major milestone as a substantial number of tokens were intentionally taken out of circulation, sparking both excitement and concern among investors.
The burn event, initiated by the Shiba Inu development team, aimed to address concerns about the token's supply and to enhance its overall value. The decision to burn a significant quantity of SHIB reflects the team's commitment to creating a more deflationary ecosystem, with SHIB prices experiencing a temporary 10% decline. Investors, however, are closely monitoring the situation, as such intentional token burns have historically demonstrated mixed outcomes for the respective cryptocurrencies.
Shiba Inu, often dubbed as the "Dogecoin killer," has gained immense popularity in recent months, fueled by a passionate community and high-profile endorsements. The decision to burn millions of SHIB tokens underscores the project's determination to differentiate itself from the plethora of meme coins in the market.While short-term market fluctuations are not uncommon in the volatile world of cryptocurrencies, the Shiba Inu community remains optimistic about the long-term impact of the token burn. The move is seen as a strategic step to align the project with a more sustainable and deflationary model, potentially attracting a broader investor base.
Industry experts are divided on the implications of this burn event. Some argue that reducing the token supply will create scarcity and drive up demand, leading to potential price appreciation. Others, however, express concerns about the abruptness of the burn and its immediate impact on market dynamics. Whether this move will catapult SHIB into a new phase of growth or introduce heightened volatility remains to be seen, but one thing is certain - the world of Shiba Inu is once again making waves in the crypto space.
$SHIB
#Shiba.Inu #ShibaSurge #shibawhale #Binance #WhaleAlert
$SHIB How Much Price will Gain #Shiba.Inu in 2024
$0.01
50%
$0.001
0%
$0.0001
25%
$0.00001
25%
4 votes • Voting closed
