Shiba Inu Weekly Burn Update: 268 Million SHIB Burned

Shiba Inu, a notable meme coin and the second-largest in the cryptocurrency space, has become well-recognized within the community. The team behind SHIB has shown dedication to its growth, exemplified by initiatives like the Shiba Inu Burn program.

The Shiba Inu burn rate has garnered attention due to its fluctuating patterns. Some days experience significant increases, while others show a decline. Nevertheless, in recent times, the burn rate has maintained a relatively steady pace, with millions of SHIB tokens being burned on a daily basis.

Also read: Shiba Inu Price Prediction (SHIB): July End 2023

According to the latest details from Shibburn’s Twitter account, the burn numbers have gone down to 268,198,181 SHIB in the last seven days.

Shiba Inu burn rate dropped in the last seven days

Details from the tweet reveal that 268,198,181 SHIB were sent to dead wallets in the last seven days. The burn activity happened over 107 transactions. The burn rate has considerably dropped by half as compared to last week, when almost 584 million SHIB were burned.

According to the latest data from Shibburn, the SHIB burn rate has dropped by 53% in the last 24 hours. Only 44 million SHIB were sent to dead wallets during this period.

According to CoinMarketCap data, SHIB is trading at $0.000008398, with a 1.30% gain in value over the last 24 hours.

  • burn
  • shib
  • shiba inu

Comments

Post a Comment

Popular posts from this blog

Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack

A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined total of $3 million. Chinese Authorities Launch Investigation Into Crypto Mining Pool Hack A subsidiary of the coin minting company Bit Mining has been targeted in a hacking attack , the company said in a press release. The affected entity is a leading bitcoin mining pool, Btc.com, which in the past week accounted for over 2.5% of the pool distribution and has a share exceeding 4% on annual basis. According to the announcement published Monday, Dec. 26, the platform was hit on Dec. 3, 2022. As a result, $2.3 million worth of digital assets owned by the company and another $700,000 in asset value belonging to its clients were stolen. The cyber attack has been reported to law enforcement in Shenzhen, China on Dec. 23. The Chinese aut
Read more

Blockchain.com and TON Foundation introduce Toncoin incentive program

Image
Zug, Switzerland, October 18th, 2023, Chainwire Today, The Open Network Foundation ( TON Foundation ), the non-profit Swiss organization working towards growing a Web3 ecosystem within Telegram, has announced a collaborative endeavor with Blockchain.com, one of the world's most trusted and popular platforms for retail customers and institutions to buy, sell, and trade cryptocurrency.  Through this collaboration, Blockchain.com and TON Foundation will make crypto more accessible for the over 800 million monthly active users on Telegram. In September 2023, TON Space, the TON-based self-custody cryptocurrency wallet developed by the team behind Wallet, was made available in the Telegram settings menu for existing users of Wallet outside of the United States. Starting in November 2023, TON Space will be available by default in the Telegram menu for all Telegram users outside the United States. All existing and new Telegram users, excluding those in the United States, will be able to ac
Read more

Flare (FLR) airdrops 15% of total supply to XRP holders before correcting by 76%

Image
After a 2-year wait, the layer-1 Flare blockchain has finally followed through and sent its tokens to those who held XRP at the time of the snapshot. The Flare (FLR) token Airdrop started on Mon., Jan. 9, nearly two years after a snapshot of Ripple (XRP) holders took place on Dec. 12, 2020. The FLR Airdrop was distributed at a ratio of 1.0073 FLR per 1 XRP and the initial distribution saw 15% of the total supply released to the community. A total of 28.5 billion FLR were distributed based on this methodology and according to Flare’s tokenomics, 58.3% of the total genesis FLR supply will be distributed over 36 months. Flare initial token distribution allocation. Source: Flare What is Flare? Flare is a Layer-1 Blockchain with an oracle system aiming to boost interoperability amongst decentralized applications (DApps) and blockchains. While the token only recently launched, the protocol launched its mainnet on July 11, 2022. To date, the Flare mainnet has already processed over 70 mi
Read more