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Shiba Inu’s burn rate explodes over 800%, signals a buying trend


Shiba Inu is modestly trading around $0.00002023, down by 2.36% in the last 24 hours at the time of writing this article. While it does not showcase a bullish run at the moment, speculation is that SHIB could eventually rebound to a higher value. This thesis gains strength from the fact that...

Burn rate of Shiba Inu (SHIB) soars to more than 3000%


The burn rate of Shiba Inu has surpassed 3000% as of June 12, 2024. The 24-hour duration saw more than 232 million SHIB tokens being incinerated. Shibburn’s data revealed that the burn rate was up by 3010.53% to eliminate 232.64 million tokens. The move positively influences the price of $SHIB...

ETF talks boost Shiba Inu burn rate by 3,000%


Dips continue to happen across the Shiba Inu ecosystem. However, the market is increasingly paying attention to these dips. There are two reasons behind this: a massive spike in burn rate and discussions about ETFs. As the rate spiked to 2,955%, the community burned 7.5 million. This number...

Andrew Tate Burns Over $10 Million Received in Meme Coin TOPG


Known lifestyle influencer and former kickboxer Andrew Tate has burned TOPG tokens valued at over $10 million after announcing it on social media. Tate received over 580 million TOPG tokens as a donation from an unnamed party, and announced that he would burn it so “everyone else makes...

SHIB gains overwhelming attention due to hike in token burn rate


Shiba Inu (SHIB) meme coin receives much attention owing to its overwhelming jump in its token burn rate to 3,900%. This is according to Shibburn, a platform meant for monitoring the burning of SHIB tokens. The pricing of SHIB, too, has seen a rise.  The increase in Shiba Inu’s burn rate...

Shiba Inu burn rate skyrockets 200% despite price fluctuations


The burn rate of Shiba Inu soared by 200% amid heavy price fluctuations in the last 24 hours. SHIB is now experiencing a green trade surge of 2.25%. However, it is interesting to note that the burn rate went as high as 200% despite multiple swings on the price chart. Investigations found that...

Shibarium Tech admin fights misinformation on auto-burn feature


The administrator of Shiba Inu’s Shibarium Tech’s Discord and Telegram channels is up in arms against the lies being spread regarding their pledge towards the auto-burn function to be introduced. He sincerely feels all this is taking the focus away from furthering Shaibarium, which is...

Shiba Inu’s burn rate Soars 25,000% amid market downturn


The prominent meme-based cryptocurrency, Shiba Inu, has shown an exceptional surge in token burning rate, rising by 25,035.22% in a single day based on Shibburn’s confirmation. This showed an instant the community’s efforts to diminish the token and scalp it during the challenging...

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