How Over 9 Billion Shiba Inu (SHIB) Tokens Were Destroyed

Jan 14, 2024 · SHIB Burn Rate Spikes 6,000%. Over the past week, Shiba Inu has witnessed an impressive 5,972.36% uptick in its burn rate, removing over 9.4 billion tokens from circulation. …

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How Over 9 Billion Shiba Inu (SHIB) Tokens Were Destroyed

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Jan 14, 2024 · SHIB Burn Rate Spikes 6,000%. Over the past week, Shiba Inu has witnessed an impressive 5,972.36% uptick in its burn rate, removing over 9.4 billion tokens from circulation. …

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#Bitcoin Breaks $100K In A Game-Changing 2024 - YouTube

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Jan 8, 2025 · 2024 was huge for crypto. Bitcoin hit $100K, ETFs brought billions, and meme coins plus AI-driven platforms like Pump.Fun stole the spotlight. With Bitcoin h...

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Here’s Why SHIB Is Rolling In Green Despite Yearly Burn Drop

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Raoul Pal Predicts Crypto To Enter 'Banana Zone' Soon And $100 Trillion Market Cap Within 10 Years

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Could Shiba Inu Burn Its Way To $0.01? | The Motley Fool

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Apr 11, 2022 · The Shiba Inu key developer known as Archangel warned last month that a burn of 90% of SHIB tokens wasn't on the table. Shiba Inu probably won't be able to burn its way to …

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FAQs about How Over 9 Billion Shiba Inu (SHIB) Tokens Were Destroyed Coupon?

Will shibarium change the way Shiba is burned?

Plenty of Shiba Inu holders were looking forward to Shibarium not just because of its promise of Web3, gaming, and metaverse — it was also supposed to change the way SHIB is burned. Community members have estimated that the L2 has the potential to burn as many as 111 trillion SHIB yearly — and it is on a bad year. ...

Why is Shiba Inu burning so much?

Shiba Inu’s SHIB burn rate witnessed a noteworthy surge of nearly 6,000% during the past week, marked by the incineration of approximately 9.4 billion tokens. This heightened burning activity occurs amid a discernible reduction in transaction volume on Shibarium, the layer 2 network of the meme coin. ...

What is a shib burn rate?

The burn rate represents over 10% of the total number of SHIB tokens destroyed last year. Token burns typically aim to reduce the circulating supply of a coin. A decrease in supply can theoretically lead to scarcity, potentially driving up prices if demand remains high. ...

How often do you burn Shiba Inu?

There is no formal schedule for burning SHIB. However, the Shib community has remained consistent, averaging about 21 burns a day, at slightly over a quarter million tokens, as of March 2023. This contributes to the Shib community’s reputation of having a strong following. What’s the benefit of burning Shiba Inu? ...

Can Shiba Inu tokens be burned?

SHIBQueenie also pointed out that there are other avenues for Shiba Inu tokens to be burned, including community burns and other burn projects. She tweeted that the Shiba Inu's supply could be reduced by more than 111 trillion tokens in a "bad" year. Burn, baby, burn? ...

What happened to shibarium (Shib)?

These events resulted in SHIB’s price rising by around 5% during the past week to a high of $0.0000105. Concurrently, the Shibarium network has endured a noticeable decline in daily transactions over the past month. Daily transactions have dwindled from an average of 7 million in December 2023 to less than 2 million this month. ...