SHIBburn
1.1M views
137 Posts
Hot
Latest
131.2 Million SHIB Burned, But There's a Big Catch
The Shibburn platform, which tracks Shiba Inu (SHIB) token burns, revealed that the SHIB community managed to remove a significant amount of meme coins from circulation. However, this massive burn comes with nuances that make it less impressive.
This event coincided with a roughly 10% drop in SHIB's price.
Weekly Burn Reaches 131.2 Million SHIB
Over the past week, a total of 131,204,000 SHIB was transferred to a "dead" wallet. Despite this, the weekly burn rate dropped by 67.29% compared to the previous week.
Daily burn statistics look more optimistic, with burn transactions increasing by 69.28%. However, the amount of SHIB burned was much smaller, totaling 6,181,175 SHIB, achieved through eight burn transactions. The largest burns amounted to 2,874,467, 1,701,750, 1,463,776, and 1,000,000 SHIB.
According to Shibburn, a total of 410.7 trillion SHIB has been sent to non-spendable wallets since the project’s inception, while 584.1 trillion SHIB remain in circulation within the cryptocurrency market.
Whale Sells 650 Billion SHIB
An early SHIB whale who acquired more than 15 trillion SHIB four years ago recently sold two massive batches of tokens, totaling 650 billion SHIB.
The first transaction, involving 400 billion SHIB (worth $9.69 million), was sent to the Gemini cryptocurrency exchange. The second transaction, involving 250 billion SHIB, was also reported, but the destination was not disclosed.
After these sales, the whale still holds approximately 2 trillion SHIB, valued at $48.54 million.
Current SHIB Market Performance
Yesterday, SHIB's price dropped by 10% within 24 hours, falling from $0.00002617 to $0.00002338. However, it has since recovered by 4.27% and is now trading at $0.00002440.
This decline affected not only SHIB but the entire cryptocurrency market. Bitcoin, the largest cryptocurrency, fell below $100,000 after Federal Reserve Chair Jerome Powell announced that the upcoming interest rate cut would be just 25 basis points, instead of the 100 basis points expected by the global crypto community. This announcement led to widespread disappointment across the crypto space.
#SHIBburn , #Shibarium , #MemeWatch2024 , #shiba⚡ , #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.“
This event coincided with a roughly 10% drop in SHIB's price.
Weekly Burn Reaches 131.2 Million SHIB
Over the past week, a total of 131,204,000 SHIB was transferred to a "dead" wallet. Despite this, the weekly burn rate dropped by 67.29% compared to the previous week.
Daily burn statistics look more optimistic, with burn transactions increasing by 69.28%. However, the amount of SHIB burned was much smaller, totaling 6,181,175 SHIB, achieved through eight burn transactions. The largest burns amounted to 2,874,467, 1,701,750, 1,463,776, and 1,000,000 SHIB.
According to Shibburn, a total of 410.7 trillion SHIB has been sent to non-spendable wallets since the project’s inception, while 584.1 trillion SHIB remain in circulation within the cryptocurrency market.
Whale Sells 650 Billion SHIB
An early SHIB whale who acquired more than 15 trillion SHIB four years ago recently sold two massive batches of tokens, totaling 650 billion SHIB.
The first transaction, involving 400 billion SHIB (worth $9.69 million), was sent to the Gemini cryptocurrency exchange. The second transaction, involving 250 billion SHIB, was also reported, but the destination was not disclosed.
After these sales, the whale still holds approximately 2 trillion SHIB, valued at $48.54 million.
Current SHIB Market Performance
Yesterday, SHIB's price dropped by 10% within 24 hours, falling from $0.00002617 to $0.00002338. However, it has since recovered by 4.27% and is now trading at $0.00002440.
This decline affected not only SHIB but the entire cryptocurrency market. Bitcoin, the largest cryptocurrency, fell below $100,000 after Federal Reserve Chair Jerome Powell announced that the upcoming interest rate cut would be just 25 basis points, instead of the 100 basis points expected by the global crypto community. This announcement led to widespread disappointment across the crypto space.
#SHIBburn , #Shibarium , #MemeWatch2024 , #shiba⚡ , #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.“
20,035,968 SHIB Burned in 24 Hours – What’s Happening?
According to data shared by the tracking platform Shibburn, a massive amount of SHIB tokens was permanently destroyed on December 16 within a 24-hour period. However, this significant increase in SHIB burning had no positive impact on its price, which instead dropped by nearly 4% over the last day, despite Bitcoin (BTC) reaching a new all-time high of $106,488.
SHIB Burn Rate Surges by 1,987%
Data from Shibburn shows that the SHIB burn rate saw a dramatic increase of 1,987% on December 16 within a 24-hour period. This surge was made possible by burning a total of 20,035,968 SHIB, which were removed from circulation thanks to the efforts of the SHIB Army community.
The largest transaction transferred 11,196,225 SHIB to a burn wallet.The second-largest transaction burned 8,804,670 SHIB.
Interestingly, while the 24-hour burn numbers surged, the weekly burn rate saw a sharp drop of 92.69%. Over the past 7 days, 175,061,914 SHIB were burned, compared to 20,035,968 SHIB in the last 24 hours – nearly a ninefold difference.
In total, 410,742,797,923,452 SHIB have now been burned from the original quadrillion supply, thanks to the combined efforts of the SHIB community and Ethereum co-founder Vitalik Buterin.
The SHIB Burn Dilemma
Currently, there are 584,022,313,308,516 SHIB tokens still in circulation. Many members of the SHIB community are urging the development team to accelerate the burn process. The reasoning is simple: the smaller the supply, the rarer the token becomes. This could help drive SHIB’s price upward, bringing the community closer to the long-sought goal of $1 per SHIB.
Shibarium’s Role in the Burn Process
The SHIB development team, including lead developer Shytoshi Kusama, has repeatedly explained that the burn rate does not depend solely on their efforts. Instead, it relies on activity on the Shibarium network.
Higher user activity on Shibarium generates more gas fees, paid in the BONE token.A portion of these fees is used to burn SHIB, gradually reducing its overall supply.
Thus, for the burn rate to accelerate, Shibarium must achieve greater adoption and increased user activity.
Conclusion
Although over 20 million SHIB were burned in the last 24 hours, the token's price has yet to react positively. The SHIB community continues to call for a faster burn process, while the development team emphasizes the key role of Shibarium in achieving this goal. Reaching the $1 target for SHIB remains a challenge that requires both community participation and technological progress.
#SHIBburn , #Shibarium , #CryptoMarketTrend , #shiba⚡ , #ShytoshiKusama
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.“
SHIB Burn Rate Surges by 1,987%
Data from Shibburn shows that the SHIB burn rate saw a dramatic increase of 1,987% on December 16 within a 24-hour period. This surge was made possible by burning a total of 20,035,968 SHIB, which were removed from circulation thanks to the efforts of the SHIB Army community.
The largest transaction transferred 11,196,225 SHIB to a burn wallet.The second-largest transaction burned 8,804,670 SHIB.
Interestingly, while the 24-hour burn numbers surged, the weekly burn rate saw a sharp drop of 92.69%. Over the past 7 days, 175,061,914 SHIB were burned, compared to 20,035,968 SHIB in the last 24 hours – nearly a ninefold difference.
In total, 410,742,797,923,452 SHIB have now been burned from the original quadrillion supply, thanks to the combined efforts of the SHIB community and Ethereum co-founder Vitalik Buterin.
The SHIB Burn Dilemma
Currently, there are 584,022,313,308,516 SHIB tokens still in circulation. Many members of the SHIB community are urging the development team to accelerate the burn process. The reasoning is simple: the smaller the supply, the rarer the token becomes. This could help drive SHIB’s price upward, bringing the community closer to the long-sought goal of $1 per SHIB.
Shibarium’s Role in the Burn Process
The SHIB development team, including lead developer Shytoshi Kusama, has repeatedly explained that the burn rate does not depend solely on their efforts. Instead, it relies on activity on the Shibarium network.
Higher user activity on Shibarium generates more gas fees, paid in the BONE token.A portion of these fees is used to burn SHIB, gradually reducing its overall supply.
Thus, for the burn rate to accelerate, Shibarium must achieve greater adoption and increased user activity.
Conclusion
Although over 20 million SHIB were burned in the last 24 hours, the token's price has yet to react positively. The SHIB community continues to call for a faster burn process, while the development team emphasizes the key role of Shibarium in achieving this goal. Reaching the $1 target for SHIB remains a challenge that requires both community participation and technological progress.
#SHIBburn , #Shibarium , #CryptoMarketTrend , #shiba⚡ , #ShytoshiKusama
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.“
Feed-Creator-dba44a743:
burning scam by shytoSHIT kuSCAMMER
🔥 Shiba Inu Burn: Paving the Path to $SHIB’s Future 🚀
$SHIB , one of the most iconic meme cryptocurrencies, is turning heads with its innovative burning strategy aimed at reducing its massive supply and boosting long-term value. But what’s token burning, and why does it matter so much for Shiba Inu’s future?
🔥 What is Token Burning?
Token burning is like permanently locking tokens away—forever. By sending $SHIB to “burn wallets” (addresses that can only receive but not send tokens), Shiba Inu creates scarcity, potentially increasing its value over time. It’s the crypto equivalent of making diamonds rarer! 💎
🐾 Shiba Inu’s Burn Strategy
1️⃣ Community-led Burns
SHIB enthusiasts are leading the charge, voluntarily burning tokens through campaigns, collaborations, and even games. This grassroots effort keeps the momentum alive.
2️⃣ Burning via Shibarium
Shibarium, SHIB’s layer-2 blockchain, burns tokens directly from transaction fees. As network usage grows, so does the burn rate—creating a natural deflationary effect.
3️⃣ Utility Platform Burns
Platforms like ShibaSwap, SHIB’s decentralized exchange, allocate portions of transaction fees to token burns. Every trade strengthens SHIB’s ecosystem.
4️⃣ Third-party Initiatives
SHIB-themed businesses and independent projects contribute by burning portions of their revenue. Community-driven efforts are fueling SHIB’s growth.
🚀 The Impact on SHIB
1. Increased Scarcity
Fewer tokens = higher potential value as demand grows.
2. Boosted Investor Confidence
Burns show commitment to long-term growth, attracting both retail and institutional investors.
3. Ecosystem Growth
Burn mechanisms tied to Shibarium encourage engagement with SHIB’s expanding DeFi, gaming, and NFT platforms.
⚠️ Challenges and Opportunities
Token burns aren’t a magic solution. Price impact depends on factors like:
• Market sentiment 📰
• Adoption rates 🌍
• Overall crypto trends 📉
Still, with community dedication and ongoing innovations, SHIB’s burning strategy is a game-changer for its future.
💡 Looking Ahead
The Shiba Inu burn reflects more than just price strategy—it symbolizes the strength of its community-driven ethos. With tools like Shibarium, DeFi integration, and NFT collaborations, is evolving into more than just a meme—it’s becoming a movement.
Keep an eye on burn metrics—they’re shaping a bold and sustainable future for Shiba Inu.
Are you holding for the long term? Share your thoughts below! 👇
#SHIBburn #ShibaSwap #Shibarium! #Write2Earn! #cryptotipshop #CryptoBurn #Binance$SHIB
🔥 What is Token Burning?
Token burning is like permanently locking tokens away—forever. By sending $SHIB to “burn wallets” (addresses that can only receive but not send tokens), Shiba Inu creates scarcity, potentially increasing its value over time. It’s the crypto equivalent of making diamonds rarer! 💎
🐾 Shiba Inu’s Burn Strategy
1️⃣ Community-led Burns
SHIB enthusiasts are leading the charge, voluntarily burning tokens through campaigns, collaborations, and even games. This grassroots effort keeps the momentum alive.
2️⃣ Burning via Shibarium
Shibarium, SHIB’s layer-2 blockchain, burns tokens directly from transaction fees. As network usage grows, so does the burn rate—creating a natural deflationary effect.
3️⃣ Utility Platform Burns
Platforms like ShibaSwap, SHIB’s decentralized exchange, allocate portions of transaction fees to token burns. Every trade strengthens SHIB’s ecosystem.
4️⃣ Third-party Initiatives
SHIB-themed businesses and independent projects contribute by burning portions of their revenue. Community-driven efforts are fueling SHIB’s growth.
🚀 The Impact on SHIB
1. Increased Scarcity
Fewer tokens = higher potential value as demand grows.
2. Boosted Investor Confidence
Burns show commitment to long-term growth, attracting both retail and institutional investors.
3. Ecosystem Growth
Burn mechanisms tied to Shibarium encourage engagement with SHIB’s expanding DeFi, gaming, and NFT platforms.
⚠️ Challenges and Opportunities
Token burns aren’t a magic solution. Price impact depends on factors like:
• Market sentiment 📰
• Adoption rates 🌍
• Overall crypto trends 📉
Still, with community dedication and ongoing innovations, SHIB’s burning strategy is a game-changer for its future.
💡 Looking Ahead
The Shiba Inu burn reflects more than just price strategy—it symbolizes the strength of its community-driven ethos. With tools like Shibarium, DeFi integration, and NFT collaborations, is evolving into more than just a meme—it’s becoming a movement.
Keep an eye on burn metrics—they’re shaping a bold and sustainable future for Shiba Inu.
Are you holding for the long term? Share your thoughts below! 👇
#SHIBburn #ShibaSwap #Shibarium! #Write2Earn! #cryptotipshop #CryptoBurn #Binance$SHIB
Shafique qadir:
es ko hold rakhy ya ni
Major Twist in Shiba Inu (SHIB) Burn Rate: Could This Trigger a Price Surge?
Notable Metrics for SHIB
Shiba Inu (SHIB), the dog-themed cryptocurrency, has shown intriguing statistics over the past 24 hours and the previous week. According to Shibburn, a platform tracking transactions sent to "dead wallets," an accelerated SHIB burn rate could potentially support a price increase.
Burn Activity and Its Impact
Shibburn provides hourly and weekly insights into SHIB burn activity and price performance. With a massive total supply of 589,257,293,677,689 and its low price, the community actively contributes to reducing supply through a deflationary mechanism.
In the past 24 hours, 2,242,442 SHIB were burned, marking an 81.06% increase. On a weekly basis, a total of 87,892,567 SHIB were burned, representing a decrease of 96.91%. This lower weekly burn activity suggests efforts to stabilize supply and price performance.
Market analysts suggest that this activity could inspire public sentiment as the community's commitment to burning mechanisms becomes evident. The decline in burn rate highlights the impact of the deflationary mechanism, potentially driving long-term price appreciation.
The deflationary effect could enhance investor confidence in SHIB's future value, encouraging them to stake on the meme coin. If this trend continues, it could support SHIB's price growth.
Current Market Dynamics and SHIB Outlook
At the time of writing, SHIB is trading at $0.00002811, reflecting a 0.45% increase in the past 24 hours. However, market volume remains lower, down 23.47% to $831.44 million, indicating a shift in momentum.
SHIB has been recovering this week after falling below the critical support level of $0.000032. Despite dropping to a low of $0.00002447, burn activity has helped support its rebound to higher levels.
Market observers expect SHIB to continue showing notable growth despite minor changes in its burn rate. Additionally, a potential retracement in the broader crypto market could further fuel a sharp price increase for this meme coin.
#shiba⚡ , #SHIBburn , #Shibarium , #memecoin🚀🚀🚀 , #MemeWatch2024
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.“
Shiba Inu (SHIB), the dog-themed cryptocurrency, has shown intriguing statistics over the past 24 hours and the previous week. According to Shibburn, a platform tracking transactions sent to "dead wallets," an accelerated SHIB burn rate could potentially support a price increase.
Burn Activity and Its Impact
Shibburn provides hourly and weekly insights into SHIB burn activity and price performance. With a massive total supply of 589,257,293,677,689 and its low price, the community actively contributes to reducing supply through a deflationary mechanism.
In the past 24 hours, 2,242,442 SHIB were burned, marking an 81.06% increase. On a weekly basis, a total of 87,892,567 SHIB were burned, representing a decrease of 96.91%. This lower weekly burn activity suggests efforts to stabilize supply and price performance.
Market analysts suggest that this activity could inspire public sentiment as the community's commitment to burning mechanisms becomes evident. The decline in burn rate highlights the impact of the deflationary mechanism, potentially driving long-term price appreciation.
The deflationary effect could enhance investor confidence in SHIB's future value, encouraging them to stake on the meme coin. If this trend continues, it could support SHIB's price growth.
Current Market Dynamics and SHIB Outlook
At the time of writing, SHIB is trading at $0.00002811, reflecting a 0.45% increase in the past 24 hours. However, market volume remains lower, down 23.47% to $831.44 million, indicating a shift in momentum.
SHIB has been recovering this week after falling below the critical support level of $0.000032. Despite dropping to a low of $0.00002447, burn activity has helped support its rebound to higher levels.
Market observers expect SHIB to continue showing notable growth despite minor changes in its burn rate. Additionally, a potential retracement in the broader crypto market could further fuel a sharp price increase for this meme coin.
#shiba⚡ , #SHIBburn , #Shibarium , #memecoin🚀🚀🚀 , #MemeWatch2024
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.“
Shiba Inu (SHIB) Shows Growth, but a Twist Awaits
The cryptocurrency market is experiencing renewed growth, with the combined market capitalization rising by 5.06% to $3.62 trillion. Among the notable gainers is Shiba Inu (SHIB), the second-largest meme coin, which saw a 7.05% increase on December 12, trading at $0.00002926, according to CoinMarketCap. Despite this positive momentum, there are challenges ahead that could impact SHIB's growth trajectory.
Discrepancy Between SHIB’s Price Growth and Burn Rate
Market data reveals a disconnect between SHIB’s trading activity and its burn rate. While trading volume reached $1.46 billion, marking a 7.6% increase, data from Shibburn highlights a significant drop in the token’s burn rate.
Only around 3 million SHIB tokens were burned over the past 24 hours, reflecting a 78% decline. This sharp decrease in the burn rate raises concerns about sustained price recovery.
The burn rate is a key indicator of community optimism regarding the SHIB project. A slower burn rate could dampen long-term positive sentiment and hinder price growth.
Ecosystem Updates Bring Renewed Optimism
Despite challenges, the Shiba Inu project has several positive updates to bolster its position. Following a panic sell-off by whales earlier in the week, the market has stabilized, and the gradual return of large holders is boosting demand for SHIB.
The community remains engaged through regular updates from Shytoshi Kusama on social media, maintaining optimism among ShibArmy members.
Moreover, SHIB has solidified its place as the second-largest meme coin after Dogecoin, thanks to significant technological advancements like Shibarium, a layer-2 scaling solution.
Shiba Inu’s Future Milestones
Shiba Inu is evolving beyond the speculative nature of meme coins. With practical products and staking mechanisms, the project aims to achieve further significant milestones in the cryptocurrency world. These developments have the potential to drive price growth and strengthen SHIB’s position within the digital asset ecosystem.
#Shibarium , #shiba⚡ , #SHIBburn , #CryptoNewss , #memecoin🚀🚀🚀
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.“
Discrepancy Between SHIB’s Price Growth and Burn Rate
Market data reveals a disconnect between SHIB’s trading activity and its burn rate. While trading volume reached $1.46 billion, marking a 7.6% increase, data from Shibburn highlights a significant drop in the token’s burn rate.
Only around 3 million SHIB tokens were burned over the past 24 hours, reflecting a 78% decline. This sharp decrease in the burn rate raises concerns about sustained price recovery.
The burn rate is a key indicator of community optimism regarding the SHIB project. A slower burn rate could dampen long-term positive sentiment and hinder price growth.
Ecosystem Updates Bring Renewed Optimism
Despite challenges, the Shiba Inu project has several positive updates to bolster its position. Following a panic sell-off by whales earlier in the week, the market has stabilized, and the gradual return of large holders is boosting demand for SHIB.
The community remains engaged through regular updates from Shytoshi Kusama on social media, maintaining optimism among ShibArmy members.
Moreover, SHIB has solidified its place as the second-largest meme coin after Dogecoin, thanks to significant technological advancements like Shibarium, a layer-2 scaling solution.
Shiba Inu’s Future Milestones
Shiba Inu is evolving beyond the speculative nature of meme coins. With practical products and staking mechanisms, the project aims to achieve further significant milestones in the cryptocurrency world. These developments have the potential to drive price growth and strengthen SHIB’s position within the digital asset ecosystem.
#Shibarium , #shiba⚡ , #SHIBburn , #CryptoNewss , #memecoin🚀🚀🚀
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.“
🚨 Shiba Inu: Can It Really Hit $0.01? 🚨#Shibalnu #SHIBburn $SHIB
Shiba Inu ($SHIB ) is currently ranked #12 in the crypto market, boasting a market cap of around $20B and a circulating supply of 589.26 trillion tokens. While the token-burning mechanism has been a hot topic, many investors are drawn to SHIB with the dream that it could one day hit $0.01 or even $1. But let's do the math.
At the current price of $0.00003256, even if 1 billion tokens are burnt daily:
Time to Burn Significant Supply:
Burning 1 billion tokens per day equates to 365 billion tokens per year.
At this rate, it would take 1,613 years to burn the entire supply down to 1 trillion tokens. Would you wait?🤣
Market Cap Reality:
To reach $0.01, SHIB's market cap at the current supply would be an astronomical $5.89 trillion—larger than the combined market cap of #Bitcoin , #Ethereum , and most global companies!
To make this feasible, a massive reduction in token supply through burns would be required, but at the current burn rate, it’s a very long-term game.
💡 Key Takeaway:
Burning mechanisms are promising but don’t guarantee quick results. Reaching even $0.01 would require either massive token burns at a faster rate or unprecedented global adoption and investment—a speculative and risky bet.
🔴 Reminder: Cryptocurrencies are highly volatile, and investing involves significant risks. Always do thorough research, understand the market dynamics, and never invest more than you can afford to lose. 🚀
Do you believe SHIB has the potential to hit $0.01? Follow me and let me know your thoughts below! ⬇️
Shiba Inu ($SHIB ) is currently ranked #12 in the crypto market, boasting a market cap of around $20B and a circulating supply of 589.26 trillion tokens. While the token-burning mechanism has been a hot topic, many investors are drawn to SHIB with the dream that it could one day hit $0.01 or even $1. But let's do the math.
At the current price of $0.00003256, even if 1 billion tokens are burnt daily:
Time to Burn Significant Supply:
Burning 1 billion tokens per day equates to 365 billion tokens per year.
At this rate, it would take 1,613 years to burn the entire supply down to 1 trillion tokens. Would you wait?🤣
Market Cap Reality:
To reach $0.01, SHIB's market cap at the current supply would be an astronomical $5.89 trillion—larger than the combined market cap of #Bitcoin , #Ethereum , and most global companies!
To make this feasible, a massive reduction in token supply through burns would be required, but at the current burn rate, it’s a very long-term game.
💡 Key Takeaway:
Burning mechanisms are promising but don’t guarantee quick results. Reaching even $0.01 would require either massive token burns at a faster rate or unprecedented global adoption and investment—a speculative and risky bet.
🔴 Reminder: Cryptocurrencies are highly volatile, and investing involves significant risks. Always do thorough research, understand the market dynamics, and never invest more than you can afford to lose. 🚀
Do you believe SHIB has the potential to hit $0.01? Follow me and let me know your thoughts below! ⬇️
Square-Creator-1de9e8dcc71fd162d0f8:
🤦🏻🤦🏻🤦🏻🤦🏻🤦🏻
🚨 Shiba Inu: Can It Really Hit $0.01? 🚨#Shibalnu #SHIBburn $SHIB
Shiba Inu ($SHIB ) is currently ranked #12 in the crypto market, boasting a market cap of around $20B and a circulating supply of 589.26 trillion tokens. While the token-burning mechanism has been a hot topic, many investors are drawn to SHIB with the dream that it could one day hit $0.01 or even $1. But let's do the math.
At the current price of $0.00003256, even if 1 billion tokens are burnt daily:
Time to Burn Significant Supply:
Burning 1 billion tokens per day equates to 365 billion tokens per year.
At this rate, it would take 1,613 years to burn the entire supply down to 1 trillion tokens. Would you wait?🤣
Market Cap Reality:
To reach $0.01, SHIB's market cap at the current supply would be an astronomical $5.89 trillion—larger than the combined market cap of #Bitcoin , #Ethereum , and most global companies!
To make this feasible, a massive reduction in token supply through burns would be required, but at the current burn rate, it’s a very long-term game.
💡 Key Takeaway:
Burning mechanisms are promising but don’t guarantee quick results. Reaching even $0.01 would require either massive token burns at a faster rate or unprecedented global adoption and investment—a speculative and risky bet.
🔴 Reminder: Cryptocurrencies are highly volatile, and investing involves significant risks. Always do thorough research, understand the market dynamics, and never invest more than you can afford to lose. 🚀
Do you believe SHIB has the potential to hit $0.01? Follow me and let me know your thoughts below! ⬇️
Shiba Inu ($SHIB ) is currently ranked #12 in the crypto market, boasting a market cap of around $20B and a circulating supply of 589.26 trillion tokens. While the token-burning mechanism has been a hot topic, many investors are drawn to SHIB with the dream that it could one day hit $0.01 or even $1. But let's do the math.
At the current price of $0.00003256, even if 1 billion tokens are burnt daily:
Time to Burn Significant Supply:
Burning 1 billion tokens per day equates to 365 billion tokens per year.
At this rate, it would take 1,613 years to burn the entire supply down to 1 trillion tokens. Would you wait?🤣
Market Cap Reality:
To reach $0.01, SHIB's market cap at the current supply would be an astronomical $5.89 trillion—larger than the combined market cap of #Bitcoin , #Ethereum , and most global companies!
To make this feasible, a massive reduction in token supply through burns would be required, but at the current burn rate, it’s a very long-term game.
💡 Key Takeaway:
Burning mechanisms are promising but don’t guarantee quick results. Reaching even $0.01 would require either massive token burns at a faster rate or unprecedented global adoption and investment—a speculative and risky bet.
🔴 Reminder: Cryptocurrencies are highly volatile, and investing involves significant risks. Always do thorough research, understand the market dynamics, and never invest more than you can afford to lose. 🚀
Do you believe SHIB has the potential to hit $0.01? Follow me and let me know your thoughts below! ⬇️
HOURLY SHIB UPDATE
$SHIB Price: $0.00001679 (1hr -0.16% ▼ | 24hr -2.06% ▼ )
Market Cap: $9,909,410,587 (-2.03% ▼)
Total Supply: 589,272,580,530,675
TOKENS BURNT
Past 24Hrs: 17,716,738 (8596.57% ▲)
Past 7 Days: 355,396,658 (262.41% ▲)
#shiba⚡ #SHIBburn #SHIBAUSDT #Shibalnu #US_Inflation_Easing_Alert
$SHIB Price: $0.00001679 (1hr -0.16% ▼ | 24hr -2.06% ▼ )
Market Cap: $9,909,410,587 (-2.03% ▼)
Total Supply: 589,272,580,530,675
TOKENS BURNT
Past 24Hrs: 17,716,738 (8596.57% ▲)
Past 7 Days: 355,396,658 (262.41% ▲)
#shiba⚡ #SHIBburn #SHIBAUSDT #Shibalnu #US_Inflation_Easing_Alert
final dip before Shiba Inu Price Surpass $0.00005?
SHIB positioned as the second-largest meme cryptocurrency, initiated a corrective trend in the second week of February, retracting from the $0.000045 level.
This adjustment was triggered by Bitcoin's decline below $70,000, leading Shiba Inu to a low of $0.0000238, marking a 47% decrease. This decline suggests a potential breach below the 50% retracement level, indicating the possibility of further downside movement.During the recovery phase from February to March in the cryptocurrency market, meme coins emerged as top performers, with assets like Shiba Inu, Dogecoin, Pepe Coin, and Bonk witnessing significant triple-digit gains.
The retracement pattern can be identified through a downward-sloping trendline, serving as a dynamic resistance for buyers. With an intraday increase of 7.83%, Shiba Inu's price rebounds to $0.00002745, positioning for another breakout attempt above the overhead trendline at the $0.00003 threshold.This upcoming encounter represents a critical juncture for traders, as a reversal or breakout from the trendline could significantly influence Shiba Inu's immediate price action.
A potential reversal from the resistance trendline might extend Shiba Inu's correction to $0.0000215.Following the recent price surge, SHIB coin is striving to reclaim its position above the 50% retracement level.
Sustaining prices above this level would indicate strong support from meme coin buyers and potentially offer an attractive entry point for new investors.A breakout above the upper boundary would signal a continuation of the recovery trend and could present buyers with an opportunity to surpass the previous swing high of $0.000045 and reach the significant milestone of $0.00005.
$SHIB
#HotTrends #SHIBburn #SHIBBTC #SHIBA🔥
SHIB positioned as the second-largest meme cryptocurrency, initiated a corrective trend in the second week of February, retracting from the $0.000045 level.
This adjustment was triggered by Bitcoin's decline below $70,000, leading Shiba Inu to a low of $0.0000238, marking a 47% decrease. This decline suggests a potential breach below the 50% retracement level, indicating the possibility of further downside movement.During the recovery phase from February to March in the cryptocurrency market, meme coins emerged as top performers, with assets like Shiba Inu, Dogecoin, Pepe Coin, and Bonk witnessing significant triple-digit gains.
The retracement pattern can be identified through a downward-sloping trendline, serving as a dynamic resistance for buyers. With an intraday increase of 7.83%, Shiba Inu's price rebounds to $0.00002745, positioning for another breakout attempt above the overhead trendline at the $0.00003 threshold.This upcoming encounter represents a critical juncture for traders, as a reversal or breakout from the trendline could significantly influence Shiba Inu's immediate price action.
A potential reversal from the resistance trendline might extend Shiba Inu's correction to $0.0000215.Following the recent price surge, SHIB coin is striving to reclaim its position above the 50% retracement level.
Sustaining prices above this level would indicate strong support from meme coin buyers and potentially offer an attractive entry point for new investors.A breakout above the upper boundary would signal a continuation of the recovery trend and could present buyers with an opportunity to surpass the previous swing high of $0.000045 and reach the significant milestone of $0.00005.
$SHIB
#HotTrends #SHIBburn #SHIBBTC #SHIBA🔥
Quoted content has been removed
The lead developer for #SHIB reveals global domination and token burn plan!
#Shibarium #SHIBburn #memecoins
#Shibarium #SHIBburn #memecoins
SHIB Dream NFT Burns 550 Million Shiba Inu Tokens
In a significant move for the Shiba Inu ecosystem, the SHIB Dream NFT has recently executed a substantial token burn, eliminating nearly 550 million Shiba Inu tokens from circulation within the last 14 days. This impressive feat represents the most substantial token burn witnessed in November and has been spearheaded by third-party SHIB Dream NFTs.
Shibarium’s Active Token Burn Initiatives
The SHIB Dream NFTs operate seamlessly on Shibarium, a prominent layer-2 solution that offers diverse use cases to network users. A representative from the Shiba Inu team has enthusiastically endorsed this token burn initiative, highlighting its role in reducing the supply of SHIB tokens.
Throughout the year, several third-party applications and projects have actively participated in regular SHIB token burns on the Shibarium L2 network. This strategy not only sustains Shibarium’s network vitality but also allows it to accumulate transaction fees and actively engage in token burn initiatives.
While third-party initiatives have been thriving in burning SHIB tokens, Shibarium itself has yet to execute a similar token burn strategy. Shibarium, launched in August this year, promised to incorporate an in-built burn mechanism; however, this feature remains dormant. The result is that SHIB tokens remain readily available in the market.
Implications for SHIB’s Price Potential
If Shibarium embarked on a proactive strategy to burn trillions of SHIB tokens annually, it could significantly impact Shiba Inu’s price sustainability. Achieving the milestone of $0.01 for SHIB hinges on Shibarium’s ability to reduce the circulating supply of SHIB tokens over time consistently. Without this ongoing burn, the dog-themed token may face increased challenges in reaching the one-cent milestone in the coming years.
At the time of writing, Shiba Inu was trading at $0.000008279, indicating a decline of more than 0.85% in the 24-hour day trade. Furthermore, SHIB has seen a substantial drop, down by close to 91% from its all-time high of $0.00008616, which it reached in October 2021.
Remarkably, it has been two years since SHIB last attained its all-time high, prompting the community to explore initiatives like the SHIB Dream NFT token burns as potential sources of price sustainability.
⚠️Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBCommunity #SHIBburn $SHIB
Shibarium’s Active Token Burn Initiatives
The SHIB Dream NFTs operate seamlessly on Shibarium, a prominent layer-2 solution that offers diverse use cases to network users. A representative from the Shiba Inu team has enthusiastically endorsed this token burn initiative, highlighting its role in reducing the supply of SHIB tokens.
Throughout the year, several third-party applications and projects have actively participated in regular SHIB token burns on the Shibarium L2 network. This strategy not only sustains Shibarium’s network vitality but also allows it to accumulate transaction fees and actively engage in token burn initiatives.
While third-party initiatives have been thriving in burning SHIB tokens, Shibarium itself has yet to execute a similar token burn strategy. Shibarium, launched in August this year, promised to incorporate an in-built burn mechanism; however, this feature remains dormant. The result is that SHIB tokens remain readily available in the market.
Implications for SHIB’s Price Potential
If Shibarium embarked on a proactive strategy to burn trillions of SHIB tokens annually, it could significantly impact Shiba Inu’s price sustainability. Achieving the milestone of $0.01 for SHIB hinges on Shibarium’s ability to reduce the circulating supply of SHIB tokens over time consistently. Without this ongoing burn, the dog-themed token may face increased challenges in reaching the one-cent milestone in the coming years.
At the time of writing, Shiba Inu was trading at $0.000008279, indicating a decline of more than 0.85% in the 24-hour day trade. Furthermore, SHIB has seen a substantial drop, down by close to 91% from its all-time high of $0.00008616, which it reached in October 2021.
Remarkably, it has been two years since SHIB last attained its all-time high, prompting the community to explore initiatives like the SHIB Dream NFT token burns as potential sources of price sustainability.
⚠️Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBCommunity #SHIBburn $SHIB
🤯$SHIB fam! Get Ready for Some Mind-Blowing Updates! 🚀🔥
Hey there, $SHIB fam! Are you ready for some big news? Because I've got some mind-blowing updates for you that will leave you feeling absolutely amazed!
I mean, we're talking about news that's going to set the crypto world on fire. News that's going to take $SHIB to new heights and make it one of the hottest tokens out there.
I don't want to give too much away, but let's just say that this news is going to be a game-changer. It's going to shake things up and put $SHIB in the spotlight like never before.
So, get ready to buckle up and hold on tight because this is going to be one wild ride. And if you're not already invested in $SHIB , now's the time to jump on board because things are about to get crazy!
Stay tuned for more updates, and let's keep pushing $SHIB to the moon! 🔥🚀 #SHIB #shibarium #SHIBburn #Write2Earn
Hey there, $SHIB fam! Are you ready for some big news? Because I've got some mind-blowing updates for you that will leave you feeling absolutely amazed!
I mean, we're talking about news that's going to set the crypto world on fire. News that's going to take $SHIB to new heights and make it one of the hottest tokens out there.
I don't want to give too much away, but let's just say that this news is going to be a game-changer. It's going to shake things up and put $SHIB in the spotlight like never before.
So, get ready to buckle up and hold on tight because this is going to be one wild ride. And if you're not already invested in $SHIB , now's the time to jump on board because things are about to get crazy!
Stay tuned for more updates, and let's keep pushing $SHIB to the moon! 🔥🚀 #SHIB #shibarium #SHIBburn #Write2Earn
The Shiba Inu Community Surprises: Over 2.3 Billion SHIB Burned in September, a 249% Increase!
In September, the #ShibaInuCommunity removed more than 2.37 billion SHIB tokens from circulation as part of a burning campaign aimed at reducing the number of tokens in circulation and boosting their value.
Data from Shibburn Confirms Astonishing Numbers
According to statistics from #SHIBburn , a platform that tracks Shiba Inu ( #shiba⚡ ) burns, a total of 2,378,422,108 (2.37 billion) SHIB was burned in 131 different transactions throughout September. This month saw a significant increase in the burn rate, rising by 249% compared to August.
Dramatic Burn Rate Increase of 249%
With SHIB currently priced at $0.00001672, the value of the burned tokens is roughly $39,767. September brought a total burn rate increase of 249.36%, which is a substantial difference compared to August, when only 681 million SHIB were destroyed across six transactions.
Significant Token Burns in September
While the community contributed to the burning through 131 transactions, the most substantial impact came from a single transaction by a wallet linked to Binance. On September 26, this unknown user burned 1,872,037,807 (1.87 billion) SHIB in one operation, which at the time was valued at $35,643. This single transaction represented 78.7% of the total burn for the month.
Other notable burns included the destruction of 250 million #SHIB، on September 1, initiated by the Living The Dream (LTD) project as part of their Shib Burn Series campaign. Additionally, on September 16, an unknown wallet moved 25 million SHIB ($332) into Shiba Inu's official dead wallet.
The Community Aims to Boost SHIB's Price
The goal of this mass burning is to reduce the number of tokens in circulation and increase the value of Shiba Inu, which is currently trading at $0.00001672. In September, a total of 2.37 billion SHIB were burned, part of the community's long-term efforts to stabilize and grow the value of this #cryptocurrency .
October Starts Slowly: Daily Burn Rate Down by 92%
While September saw massive burning activity, October has started much more slowly. In the first few days of the month, only 2,941 SHIB tokens were burned, and a total of 2,302,941 SHIB were destroyed in three transactions, valued at $38.5. The daily burn rate dropped by 92.2%, meaning October might be a quieter month for Shiba Inu community activity compared to September.
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.“
Data from Shibburn Confirms Astonishing Numbers
According to statistics from #SHIBburn , a platform that tracks Shiba Inu ( #shiba⚡ ) burns, a total of 2,378,422,108 (2.37 billion) SHIB was burned in 131 different transactions throughout September. This month saw a significant increase in the burn rate, rising by 249% compared to August.
Dramatic Burn Rate Increase of 249%
With SHIB currently priced at $0.00001672, the value of the burned tokens is roughly $39,767. September brought a total burn rate increase of 249.36%, which is a substantial difference compared to August, when only 681 million SHIB were destroyed across six transactions.
Significant Token Burns in September
While the community contributed to the burning through 131 transactions, the most substantial impact came from a single transaction by a wallet linked to Binance. On September 26, this unknown user burned 1,872,037,807 (1.87 billion) SHIB in one operation, which at the time was valued at $35,643. This single transaction represented 78.7% of the total burn for the month.
Other notable burns included the destruction of 250 million #SHIB، on September 1, initiated by the Living The Dream (LTD) project as part of their Shib Burn Series campaign. Additionally, on September 16, an unknown wallet moved 25 million SHIB ($332) into Shiba Inu's official dead wallet.
The Community Aims to Boost SHIB's Price
The goal of this mass burning is to reduce the number of tokens in circulation and increase the value of Shiba Inu, which is currently trading at $0.00001672. In September, a total of 2.37 billion SHIB were burned, part of the community's long-term efforts to stabilize and grow the value of this #cryptocurrency .
October Starts Slowly: Daily Burn Rate Down by 92%
While September saw massive burning activity, October has started much more slowly. In the first few days of the month, only 2,941 SHIB tokens were burned, and a total of 2,302,941 SHIB were destroyed in three transactions, valued at $38.5. The daily burn rate dropped by 92.2%, meaning October might be a quieter month for Shiba Inu community activity compared to September.
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.“
SHIB Burns 324 Million Tokens in One Week with a 1,020% Surge in Burn Rate
The cryptocurrency Shiba Inu (#SHIB، ) has experienced significant growth over the past week, with key metrics showing a sharp increase. One of the main metrics is the burn rate, a deflationary mechanism that reduces the total supply of SHIB, boosting its value. The burn rate has continued its upward trend from the previous week.
Bullish Outlook for SHIB with High Burn Rate
According to data from #SHIBburn , the SHIB burn rate increased by 389% in the last 24 hours, meaning that 6,314,537 SHIB were sent to inactive wallets in a single day. This high burn rate is helping to maintain SHIB’s price at a higher level.
Over the past week, the burn rate surged by 1,020%, with a total of 324,982,323 SHIB burned. This substantial increase highlights several key points for Shiba Inu. First, it demonstrates the community’s commitment to reducing the token supply. Secondly, it confirms that SHIB can rely on the burn rate as a performance indicator, despite broader market sentiment.
Impact on SHIB's Price
According to data from CoinMarketCap, the price of Shiba Inu increased by 1.48% in the past 24 hours, reaching $0.00001903. Over the last week, the token has risen by 5.23%, showing relative stability.
If the SHIB burn rate continues to rise, the token could soon surpass the resistance level of $0.00002. This price point has been a key barrier in recent months. With the ongoing market rally and the introduction of new products from the SHIB team, Shiba Inu could continue to rise in the coming weeks.
#shiba⚡ , #memecoin🚀🚀🚀 , #MemeCommunity
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.“
Bullish Outlook for SHIB with High Burn Rate
According to data from #SHIBburn , the SHIB burn rate increased by 389% in the last 24 hours, meaning that 6,314,537 SHIB were sent to inactive wallets in a single day. This high burn rate is helping to maintain SHIB’s price at a higher level.
Over the past week, the burn rate surged by 1,020%, with a total of 324,982,323 SHIB burned. This substantial increase highlights several key points for Shiba Inu. First, it demonstrates the community’s commitment to reducing the token supply. Secondly, it confirms that SHIB can rely on the burn rate as a performance indicator, despite broader market sentiment.
Impact on SHIB's Price
According to data from CoinMarketCap, the price of Shiba Inu increased by 1.48% in the past 24 hours, reaching $0.00001903. Over the last week, the token has risen by 5.23%, showing relative stability.
If the SHIB burn rate continues to rise, the token could soon surpass the resistance level of $0.00002. This price point has been a key barrier in recent months. With the ongoing market rally and the introduction of new products from the SHIB team, Shiba Inu could continue to rise in the coming weeks.
#shiba⚡ , #memecoin🚀🚀🚀 , #MemeCommunity
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.“
This Shiba Inu Community Project Is Shaming Its Creators For Not Being Willing To Waste 103 Trillion
The individual known as "Ryoshi," who is the originator of the meme coin Shiba Inu (SHIB), has been publicly addressed by Shibburn, a burn tracker dedicated to monitoring the token's burn activity. The community initiative appeared to imply that Ryoshi's actions were not aligned with the optimal interests of the SHIB ecosystem.
The impact of the "Ryoshi" mechanism on the burn rate of SHIB
Shibburn made a number of assertions on their X (formerly known as Twitter) platform, claiming that the creators of the token had not consistently demonstrated integrity in their transactions. The platform has indicated that the founders have effectively mitigated the token's burn rate by implementing a deliberate decision to refrain from burning more than 103 trillion SHIB. The aforementioned accusation originated from their assertion on Ryoshi's SHIB holdings.
According to Shibburn, it has been asserted that Ryoshi made false statements on the quantity of SHIB tokens they possessed. The authors said that the originator of SHIB made a statement asserting their possession of "0 SHIB," since any alternative action may potentially result in a conflict of interest. However, it was then revealed that Ryoshi had a substantial amount of SHIB tokens, estimated to be valued at more than $1 billion.
The founders have purportedly undertaken extensive measures to conceal their assets by transferring them around several wallets. Shibburn posits that their actions have hindered the progression of the ecosystem, as certain tokens intended for destruction have been affected. Shibburn made a claim asserting that Ryoshi had a lack of concern for the growth of SHIB and was primarily motivated by self-interest.
The founders of Shiba Inu are only driven by self-enrichment.
As part of the startling disclosures, Shibburn alluded to the possibility that Ryoshi's public perception may not align with their true identity. Alternatively, these individuals are characterized as a "collective of profit-driven investors" whose primary objective is to capitalize on the local community. In order to attain this objective, SHIB is purportedly seen as their lucrative asset, which they use as a mechanism for personal enrichment.
In addition to Ryoshi, the primary developer of SHIB, Shytoshi Kusama, was also implicated in the situation. #SHIBburn levied an accusation against the developer, questioning their authenticity as a legitimate developer, and insinuated that Shytoshi had ulterior motives centered around financial gains from the community. One example that was hinted to was the purported prize that the developers bestowed upon themselves in the form of a substantial quantity of $BONE upon the establishment of #ShibaSwap .
Shibburn suggested that the decision to designate BONE as a gas token for Shibarium may have been motivated by a desire to enhance the token's utility and improve its value. Shytoshi has not yet provided a response to the aforementioned charges, nor has any information been published on the official announcements blog, which is often utilized by the creators to provide frequent updates.
The #shiba breed appears to be unaffected by these accusations. Based on data obtained from CoinMarketCap, the current trade price of the meme coin is at about $0.000008189, reflecting an upward trend within the past 24-hour period.
The impact of the "Ryoshi" mechanism on the burn rate of SHIB
Shibburn made a number of assertions on their X (formerly known as Twitter) platform, claiming that the creators of the token had not consistently demonstrated integrity in their transactions. The platform has indicated that the founders have effectively mitigated the token's burn rate by implementing a deliberate decision to refrain from burning more than 103 trillion SHIB. The aforementioned accusation originated from their assertion on Ryoshi's SHIB holdings.
According to Shibburn, it has been asserted that Ryoshi made false statements on the quantity of SHIB tokens they possessed. The authors said that the originator of SHIB made a statement asserting their possession of "0 SHIB," since any alternative action may potentially result in a conflict of interest. However, it was then revealed that Ryoshi had a substantial amount of SHIB tokens, estimated to be valued at more than $1 billion.
The founders have purportedly undertaken extensive measures to conceal their assets by transferring them around several wallets. Shibburn posits that their actions have hindered the progression of the ecosystem, as certain tokens intended for destruction have been affected. Shibburn made a claim asserting that Ryoshi had a lack of concern for the growth of SHIB and was primarily motivated by self-interest.
The founders of Shiba Inu are only driven by self-enrichment.
As part of the startling disclosures, Shibburn alluded to the possibility that Ryoshi's public perception may not align with their true identity. Alternatively, these individuals are characterized as a "collective of profit-driven investors" whose primary objective is to capitalize on the local community. In order to attain this objective, SHIB is purportedly seen as their lucrative asset, which they use as a mechanism for personal enrichment.
In addition to Ryoshi, the primary developer of SHIB, Shytoshi Kusama, was also implicated in the situation. #SHIBburn levied an accusation against the developer, questioning their authenticity as a legitimate developer, and insinuated that Shytoshi had ulterior motives centered around financial gains from the community. One example that was hinted to was the purported prize that the developers bestowed upon themselves in the form of a substantial quantity of $BONE upon the establishment of #ShibaSwap .
Shibburn suggested that the decision to designate BONE as a gas token for Shibarium may have been motivated by a desire to enhance the token's utility and improve its value. Shytoshi has not yet provided a response to the aforementioned charges, nor has any information been published on the official announcements blog, which is often utilized by the creators to provide frequent updates.
The #shiba breed appears to be unaffected by these accusations. Based on data obtained from CoinMarketCap, the current trade price of the meme coin is at about $0.000008189, reflecting an upward trend within the past 24-hour period.
0 Shiba Inu Burned in 24 Hours: What’s Happening?
Unusual Slowdown in SHIB Burn Rate
Over the past 24 hours, the burn rate of Shiba Inu (SHIB) has shown an unusual anomaly. Following last week’s rally, no new SHIB tokens have been sent to the burn wallet for the past two days. According to Shibburn data, zero Shiba Inu were burned in the last 24 hours, marking a rare cooling period for the community.
Community’s Role in Shiba Inu Burn Rate
The last 24 hours have been relatively uneventful for the Shiba Inu ecosystem, with prices down and no new tokens burned. The total burned SHIB remains steady at 410,737,062,511,061 tokens, indicating the continuous pressure for a substantial reduction in circulating supply. Despite the launch of the Shibarium burn portal, token burns are still largely driven by community contributions. However, no one has taken the initiative to send SHIB to the burn wallet in the last 24 hours.
This is an uncommon trend for a token where even modest contributions can significantly reduce the circulating supply. Like other burn events where zero SHIB are burned, this is potentially a temporary lull.
SHIB Price Outlook
The Shiba Inu token is currently in the red zone, as many altcoins pull back from last week’s gains. At the time of writing, the token has dropped 1.67% in the past 24 hours to $0.00001679. Last week’s sell-offs have led to a steeper decline of 4.84% over the past month.
If the Shiba Inu burn rate picks up in the coming days, it could positively impact the token's price. Currently, the goal is to reach a minimum price level that could trigger a potential rebound.
#Shibarium , #shiba⚡ , #SHIBburn , #memecoin🚀🚀🚀 , #MemeCommunity
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.“
Over the past 24 hours, the burn rate of Shiba Inu (SHIB) has shown an unusual anomaly. Following last week’s rally, no new SHIB tokens have been sent to the burn wallet for the past two days. According to Shibburn data, zero Shiba Inu were burned in the last 24 hours, marking a rare cooling period for the community.
Community’s Role in Shiba Inu Burn Rate
The last 24 hours have been relatively uneventful for the Shiba Inu ecosystem, with prices down and no new tokens burned. The total burned SHIB remains steady at 410,737,062,511,061 tokens, indicating the continuous pressure for a substantial reduction in circulating supply. Despite the launch of the Shibarium burn portal, token burns are still largely driven by community contributions. However, no one has taken the initiative to send SHIB to the burn wallet in the last 24 hours.
This is an uncommon trend for a token where even modest contributions can significantly reduce the circulating supply. Like other burn events where zero SHIB are burned, this is potentially a temporary lull.
SHIB Price Outlook
The Shiba Inu token is currently in the red zone, as many altcoins pull back from last week’s gains. At the time of writing, the token has dropped 1.67% in the past 24 hours to $0.00001679. Last week’s sell-offs have led to a steeper decline of 4.84% over the past month.
If the Shiba Inu burn rate picks up in the coming days, it could positively impact the token's price. Currently, the goal is to reach a minimum price level that could trigger a potential rebound.
#Shibarium , #shiba⚡ , #SHIBburn , #memecoin🚀🚀🚀 , #MemeCommunity
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.“
"SHIB Holders Unite: 30 Days Without a Manual Burn Sparks Demands for Action from Leadership"
The Shiba Inu community members are rallying on social media, demanding more SHIB burn Shibarium, the ecosystem’s layer-2 network.
Read more on: https://thecryptobasic.com/2024/02/14/30-days-no-manual-shiba-inu-burn-community-demands-burns-from-shib-lead/
#SHIB2024 #SHIBburn #SHIBNEWS #Crypto #CryptoNewsFlash
Read more on: https://thecryptobasic.com/2024/02/14/30-days-no-manual-shiba-inu-burn-community-demands-burns-from-shib-lead/
#SHIB2024 #SHIBburn #SHIBNEWS #Crypto #CryptoNewsFlash
Shiba Inu's weekly burn takes off with a whopping 160% surge, torching 102.40 million SHIB in the last seven days. 🔥💸 Despite this, today's price action shows a 36.96% increase in the burn rate, capturing global attention with 1.53 million SHIB destroyed in the past 24 hours.
📈🌐 The Shiba Inu community's effort to boost token performance is evident, reflected in a 4.14% weekly upswing according to
CoinmarketCap. 🚀❤️ However, with the token trading in the red today, speculation rises among crypto enthusiasts about its future trajectory. 🤔📉 #ShibaInu #CryptoNews #SHIBburn
#Write2Earn
📈🌐 The Shiba Inu community's effort to boost token performance is evident, reflected in a 4.14% weekly upswing according to
CoinmarketCap. 🚀❤️ However, with the token trading in the red today, speculation rises among crypto enthusiasts about its future trajectory. 🤔📉 #ShibaInu #CryptoNews #SHIBburn
#Write2Earn