#SHIB #BURN #BTC Shiba Inu Burns Over 121M Tokens Overnight, Fueling Price Surge!

Shiba Inu (SHIB) witnessed a dramatic surge in its burn rate, setting ablaze over 121 billion SHIB tokens overnight. This sudden spike, a staggering 567% increase from previous levels, has significantly impacted the coin’s overall supply dynamics.

According to data from Shibburn, this substantial burn has propelled the total number of SHIB tokens destroyed to a staggering 410,643,987,410,621, leaving 579,861,188,397,103 SHIB in circulation. The remarkable reduction in supply has not only intensified the scarcity of the token but has also significantly contributed to a rapid upsurge in its market value.
With this relentless reduction in supply, Shiba Inu enthusiasts are eyeing the potential for further price surges. Currently, Shiba Inu is riding high with an impressive 3.48% increase, valuing each token at $0.000007462. The overnight trading volume has witnessed an astounding spike of over 128%, amounting to a substantial $256 million.

This accelerated pace of growth has triggered discussions about the sustainability of Shiba Inu’s momentum. While the challenge of maintaining this extraordinary burn rate remains a concern, the further developments on Shibarium, Shiba Inu’s promising Layer-2 scaling solution, have kindled optimism. Enthusiasts believe that the continuous expansion of Shibarium could play a vital role in further reducing the circulating supply of Shiba Inu tokens, potentially fostering sustained growth in the foreseeable future.

Vitalik Buterin's Intriguing Crypto Maneuver: $ETH to $USDC Swap and Burn🔥

In a notable move witnessed just 4 hours ago, Vitalik Buterin, co-founder of Ethereum, executed a strategic swap involving Ethereum (ETH) and USDC stablecoin through CoWSwap.

What makes this transaction particularly intriguing is the subsequent transfer of the acquired USDC tokens to Circle, presumably for burning.

Key Details:👇

#VitalikButerin , utilizing the address 0xd8dA6BF26964aF9D7eEd9e03E53415D37aA96045, initiated a swap of 27.63 ETH for 100,000 USDC via CoWSwap.
Rather than holding onto the USDC, Buterin chose to transfer the tokens to Circle, a prominent financial services firm, potentially for the purpose of burning.

This strategic maneuver raises questions and sparks curiosity within the crypto community about the motives behind Buterin's actions and the potential implications for the #Ethereum ecosystem.

Stay tuned for further updates on this intriguing development!

#usdc #BURN

Just 42 minutes ago, a significant amount of 199,999,000 #TUSD (equivalent to 196,233,018 USD) was burned from the address T9yD14Nj9j7xAB4dbGeiX9h8uo8HMMf8e4 on the #TronNetwork .

The transaction hash associated with this burn is: 👇
f9c87345b0ce25ff73bbaf153e78f2f534769968e78224e28c524e8dfde26928.

$TRX #BURN

Approximately seven hours ago, a significant amount of USDC was burned, totaling 50,000,000 USDC ($50,000,000), at the USDC Treasury.

Transaction Hash: 0x7962ca43c728566e4b9f73b599bd686a3fd2ad4df7bf372d1c4aa4ac9f34e7a5

#USDC #BURN

Celsius Network recently executed a significant move by burning all 652.2 million CEL tokens, amounting to $85.75 million and accounting for 93.7% of the total supply.

As a result, the current total supply stands at 40.6 million CEL, as indicated on CoinGecko. This action potentially contributed to a 7% increase in the CEL price, rising from $0.13 to $0.139 within 7 hours following the burn.

Despite the token burn, CEL continues to be actively traded on various centralized exchanges (CEX), including OKX, Bitget, Gateio, Bybit, and MEXC.

Interestingly, Celsius Network had previously mentioned its intention to burn all CEL tokens in its possession in a September 2023 bankruptcy filing.

However, this token burn was not reiterated when the company announced plans to distribute $3 billion in crypto to creditors in January 2024.

It's worth noting that a test burn of 2 CEL tokens had taken place three months ago on January 24, 2024. This recent mass burn signals a significant shift in Celsius Network's token strategy.

Address: 👇
0x455257963812c008ce8edf3d08cb48e95c8aa2e2

#Celsius $CEL #CEL #BURN

A transaction took place just 45 minutes ago, where 50,000,000 $USDC tokens were burned at the USDC Treasury. This amount is equivalent to $50,055,000 USD.

Transaction Hash:
0xd05598b578a422749347c3664040a348857973bd6b2a17bb7d719b0e87f553ec

#USDCTREASURY #BURN #usdc

XRP🔥🔥🔥#BURN
#RippleX

BNB Foundation Announces Successful Completion of 28th Quarterly BNB Token Burn
The BNB Foundation has officially announced the successful completion of the 28th quarterly BNB token burn by BNB Chain.
Facts and Figures from the Latest Burn:
Auto-Burn (Total BNB burned): 1,643,698.8 BNBApproximate value in USD around the time of burn: ~$971M
$BNB #BURN #28thBurn
What You Need to Know About the BNB Burn
BNB is the native coin of the BNB Chain ecosystem, essential for powering its multifaceted Web3 environment. It supports transactions on the BNB Smart Chain (BSC), the opBNB L2s, and BNB Greenfield blockchain. Besides transaction fees, BNB serves as a governance token, granting holders the ability to participate in the BNB Chain’s decentralized on-chain governance.
Following its mainnet launch on April 18, 2019, BNB transitioned from the Ethereum Network to the BNB Chain. "Build and Build" is the philosophy behind BNB, reflecting its role in fostering development within the ecosystem.
BNB Auto-Burn
BNB employs an Auto-Burn system to gradually reduce its total supply to 100,000,000 BNB. The burn amount is adjusted based on BNB's price and the number of blocks generated on BSC during a quarter, ensuring transparency and predictability.
The BNB Auto-Burn provides an independently auditable, objective process. The figures are reported quarterly, and the mechanism is independent of the Binance centralized exchange. Unlike previous quarterly Auto-Burns, this quarter's burn, along with future burns, will occur directly on BSC due to the ongoing BNB Chain Fusion. The corresponding BNB amount will be sent to the "blackhole" address: 0x000000000000000000000000000000000000dEaD.
BNB Real-time Burn
Additionally, BNB implements a real-time burning mechanism based on gas fees. BSC validators determine the ratio of gas fees collected in each block, which is burned at a fixed rate. Since the introduction of BEP95, roughly 234K BNB has been burnt under this mechanism.
Details 👇🏼

There is no certainty, but with high probability, given the history of recent years, a cycle is about to repeat itself, and that is the #ALTSEASON . Well, you will all say, a little less so us investors and people who believed in the $WRX project. It's been years since NO ONE has bothered to #BURN on this token (as foreseen by the white paper) and when someone asks #NischalShetty on X (formerly Twitter) for explanations, he is either ignored or (as in my case) told that doing the burns (or recovering the three years of missed burns) is not his job but Binance's. No one knows what will happen on a legal level between the parties since they are in a lawsuit, but those who have been paying for it for years and those who will continue to pay for it indefinitely are us investors. WRX is a token that could potentially be worth tens of dollars, but now, because of this thing that happened between WazirX and Binance and because of the hacker attack that occurred in July on the Indian platform, it is close to zero. What will happen? The delist by Binance? The total disavowal? The definitive death of the token? The recovery? And if it happened, when would it be? How is it possible that after 2 years of court no, and I repeat NO, rumor has leaked about the matter? Why is no influencer interested in the matter, thus giving visibility to the story? Why do neither #CZ or @Richard Teng , rather than Nischal Shetty deign to give us any news about it? I would also like to point out another thing: why doe$s the CEO of #WaxirX say that it is not his job to create deflation by carrying out quarterly burns, but he is perfectly capable of giving away $WRX tokens every time his exchange has some problem? Remember when $SHIB had its ATH? Well, WazirX stopped working properly and the people who could not sell the token due to server problems, were compensated by the WazirX team with WRX tokens, thus creating INFLATION. So they do not do burns, but they have the right to give away tokens. What should we seriously expect from a hypothetical next #bullrun on altcoins?

Shiba Inu Gears Up for Token Burn Feature, SHIB Value Climbs

#SHIBA #BURN #SHIBARIUM
#SHIB

Shiba Inu (SHIB), a popular dog-themed cryptocurrency, has seen a surge in its market value following a key update from its development team. The announcement concerning the upcoming Shibarium #Token Burn feature has sparked increased interest among investors and enthusiasts within the crypto community. This anticipation of a new mechanism for reducing the digital asset’s supply has played a significant role in the token’s price uptick

🚀🌕 Be patient , Be cool enough , Wait for win 🚀🌕 LUNC To 0.029 $. in 2024 🌕🚀
🎁 🚀🌕 Coming soon 🚀🌕🎁🎉
🚀🌕 1$. in 2025 🌕🚀
#BURN
#Repeg
#LUNC
#USTC
#Luna
$LUNC
$USTC
$BNB