Bitcoin $115,319.35 -0.37%
Ethereum $4,586.71 -1.48%
BNB $927.47 -1.26%
Optimism $0.78 -5.76%
Arbitrum $0.51 -6.01%
Solana $243.99 +1.93%
Polygon $0.22 +2.77%
Cosmos $4.64 -4.40%
Avalanche $29.17 -2.34%

Bitcoin $115,319.35 -0.37%
Ethereum $4,586.71 -1.48%
BNB $927.47 -1.26%
Optimism $0.78 -5.76%
Arbitrum $0.51 -6.01%
Solana $243.99 +1.93%
Polygon $0.22 +2.77%
Cosmos $4.64 -4.40%
Avalanche $29.17 -2.34%

Burn Rate Spikes 7900% As 43M Shiba Inu Burned in a Day

The Shiba Inu Community removed a whopping 43,192,603 (43.19M) SHIB from circulation forever through nine individual transactions in the past 24 hours.

This is a remarkable achievement, especially compared to the previous day, when only 539,295 Shiba Inu tokens were destroyed in two transactions, resulting in an unprecedented surge of 7909% in the SHIB burn rate.

(By ZABI)

Get the latest news here: Cointime channel — https://t.me/cointime_en

Shiba Inu $0.00

-5.53%

Shiba Inu SHIB

Original Link

Comments

All Comments

Recommended for you

Nobel laureate in economics: Stablecoins are “under-regulated” and governments could be forced to provide billions of dollars in bailouts if they collapse in a financial crisis

Jean Tirole, the Nobel Prize winner in economics, warned that the "lack of regulation" of stablecoins could force governments to provide billions of dollars in assistance if these tokens collapse in future financial crises.
BTC falls below $111,000

the market shows BTC falling below $111,000, now reporting $110,982.89, a 24-hour decline of 1.99%, with significant market fluctuations, please manage risks.
BitradeX Officially Enters CertiK Global Top 50 Rankings at 36th Place, Security Strength Receives Authoritative Recognition Again

AI cryptocurrency trading platform BitradeX has recently been officially listed by global leading security institution CertiK and ranks 36th on its trading platform security leaderboard, demonstrating the platform's continuous advancement in system security and compliance risk control.
LazAI Shares Vision for AI × Blockchain Future

In an exclusive interview at #Nexus2140, Daniel Kwak, CCO of Metis and Head of Marketing at LazAI, introduced LazAI as a pioneering platform addressing data ownership, validation, and monetization in the AI era.
NEXUS 2140 Enters Final Countdown: Global AI•Web3•Ecom Expo Set to Ignite in Korea

According to official sources, the highly anticipated NEXUS 2140 AI・Web3・E-commerce Global Expo has officially entered its final countdown. The flagship event will take place on June 21 at KINTEX in Goyang, South Korea.
Cointime July 14th News Express

1. Biden-related Meme Coin BODEN has dropped 6.5% in the past 24 hours
SHIB to change leadership and hand over project control to the community by year end

Shytoshi Kusama and Kaal Dhairya, the anonymous chief developers of the Memecoin project Shiba Inu (SHIB), have given their first interview to the Arabic Business News. Kusama stated that he entered the cryptocurrency industry because of the influence of a super-rich passenger while driving for Uber, and then contacted Ryoshi, the anonymous creator of SHIB. Kusama aims to make SHIB the killer of Dogecoin and wants it to become "the world's first decentralized entity worth trillions of dollars". He pointed out that currently less than 5% of the world's population use cryptocurrency, and Meme will become the gateway to cryptocurrency and blockchain. Kusama and Dhairya have not given up their anonymous plan. In addition, they plan to transfer control of the project to the community by the end of this year, and by the end of the year, there will be a special committee to lead certain things. They both believe that it is not necessary to disclose their identities and said, "We can sit in this coffee shop, there are no security guards outside, and no one recognizes me. This is actually more valuable than any money."
2 wallets deposited 211 billion SHIB into Coinbase within 10 hours

According to The Data Nerd's monitoring, within 10 hours, 2 wallets (with the same amount of SHIB) deposited a total of 211 billion SHIB (about 5.16 million US dollars) into Coinbase. These wallets accumulated these SHIBs last week, and if sold at the current price, it would cause a small loss (about 120,000 US dollars).
Nearly 90 million SHIB removed from circulation in the past 24 hours

Nearly 90 million SHIB tokens were removed from circulation in the past 24 hours, and Shiba Inu's burning rate surged by 50,000%.
A large-scale transfer transaction of over 30 trillion SHIB occurred on the Ethereum chain, worth nearly US$50 million.

Whale Alert monitored that around 7:47 on March 2nd Beijing time, an address starting with "0x73af" transferred 3,023,255,579,400 SHIB tokens to an address starting with "0x40b3" on the Ethereum chain, worth approximately $49,933,096.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30

Dubai

Recently Searched

Hot Coins

Trending

Daily Must-Read

Welcome Back

Join CoinTime

Sign in with email

Sign up with email

Check your inbox

Burn Rate Spikes 7900% As 43M Shiba Inu Burned in a Day

All Comments

Recommended for you

Nobel laureate in economics: Stablecoins are “under-regulated” and governments could be forced to provide billions of dollars in bailouts if they collapse in a financial crisis

BTC falls below $111,000

BitradeX Officially Enters CertiK Global Top 50 Rankings at 36th Place, Security Strength Receives Authoritative Recognition Again

LazAI Shares Vision for AI × Blockchain Future

NEXUS 2140 Enters Final Countdown: Global AI•Web3•Ecom Expo Set to Ignite in Korea

Cointime July 14th News Express

SHIB to change leadership and hand over project control to the community by year end

2 wallets deposited 211 billion SHIB into Coinbase within 10 hours

Nearly 90 million SHIB removed from circulation in the past 24 hours

A large-scale transfer transaction of over 30 trillion SHIB occurred on the Ethereum chain, worth nearly US$50 million.

Daily Must-Read

Crypto treasuries set for ‘bumpy ride’ as premiums narrow: NYDIG

Trump family went pro-crypto after Biden ‘weaponized banks’ — WSJ

New York lawmaker wants to tax crypto sales and transfers

Trump to order probe of crypto and political debanking claims: WSJ

Bros who tricked MEV bots with their own medicine must face trial, says judge

Western Union CEO Views Stablecoins as an Opportunity, Not a Threat: Bloomberg

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

Popular Tags

Share