#BONK Shiba Inu gains significant traction within the crypto realm as Shytoshi Kusama revealed major $SHIB developments.Shytoshi Kusama, Shiba Inu’s lead developer, recently shed light on SHIB’s cryptographic venture as it advances further within the crypto landscape. In a series of posts, Kusama highlighted how the SHIB token is noting significant efforts by the token’s community to boost the Shiba Inu tokenomics.Furthermore, as the announcement surfaced in the crypto market, Shiba Inu’s price jumped promptly, powering optimism for the token.Aligning with the rise in Shiba Inu’s price, the #SHIBburn rate also noted a substantial surge, stirring speculations among crypto market enthusiasts.Shytoshi Kusama Unveils Upcoming SHIB BurnIn a series of posts on X, Shytoshi Kusama shed light on how the SHIB token is revolutionizing itself within the broader crypto market. According to Kusama’s statement, the Shiba #Cryptocommunity reportedly prepares for a colossal burning chronicle.With the #SHIBCommunity setting its sights on burning billions of tokens in the near future, crypto fanatics seem to be eyeing the token extensively.Moreover, the statement stressed Shiba Inu’s shifting from memes and lore to a global standard orbiting crypto and blockchain.In addition, the statement further spotlighted an upcoming partnership for the SHIB cryptocurrency. The partnership, currently in the pipeline, aims to solidify the token’s positioning as a global force, hinging on building support for the token.Shiba Inu Price SoarsThe Shiba Inu price jumped 3.32% over the past 24 hours as of writing, evaluating $0.00001015. However, the token’s weekly trajectory illustrated a fall of 1.24%, escorted by a monthly upswing of 13.85%.Shiba Inu’s market charts portrayed a prompt jump soon after Kusama revealed a noteworthy burn in progress. Moreover, while writing, the SHIB burn rate recorded a substantial increase of 10.07%, incinerating 1.18 million coins in the past 24 hours.The current jump witnessed by the token primarily comes as a result of the aforestated announcement, followed by a burn rate upswing.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #BinanceTournament @WISE CRYPTO NEWS

A significant portion of cryptocurrencies has exhibited positive price fluctuations, resulting in Shiba Inu experiencing a 2% increase in value during the last 24 hours. Despite the marginal price escalation, there has been a substantial decline observed in the pace at which SHIB tokens are being burned.
Based on the data provided by Shibbburn, the official SHIB burn tracker, the number of SHIB tokens burnt throughout the past 24 hours amounted to 983,884. This figure indicates a substantial decrease of more than 99% compared to the preceding day. The observed substantial decrease in the burn rate is expected to elicit apprehension among investors over the potential downward impact on the price of SHIB in the near future.
The burn rate of SHIB has experienced a significant decrease of 98.79%.
The basic objective of the burning of Shiba Inu tokens is to decrease their circulating supply, hence promoting scarcity and consequently increasing the value of these tokens. The burning of SHIB tokens occurs intermittently, with certain days exhibiting a higher frequency of token burn compared to others. As an illustration, the initial burning of SHIB tokens on Shiba Inu's layer-2 solution, Shibarium, resulted in the reduction of 97 million SHIB tokens.
Based on the information provided on the Shibburn website, it has been seen that throughout the preceding 24-hour period, a cumulative sum of 983,884 SHIB tokens underwent a process of burning through three distinct transactions. Notably, the largest quantity of 42,850 SHIB tokens was moved to an inactive wallet. The aforementioned data indicates a reduction of 98.79% in the quantity of tokens that were subjected to burning, signifying a substantial drop in comparison to previous days.
In order to provide a contextual framework, it is noteworthy that a cumulative sum of 81.26 million SHIB tokens underwent the process of burning on the preceding day, while an additional quantity of 49.76 million SHIB tokens underwent the same process two days prior.
Implications for Investors in Shiba Inu
Investors have the ability to burn SHIB tokens by sending them to one of the three designated SHIB burn addresses. As per the marketing lead of the Shiba Inu community, the process of SHIB burning is a collaborative endeavor within the community. According to the data obtained from the Shibburn website, the quantity of SHIB tokens that have been permanently removed from circulation exceeds 410 trillion, representing a significant reduction from the original token supply.

The observed decline in the rate of SHIB token burn has persisted over a considerable period, indicating a diminishing level of interest due to the perceived lack of impact on market dynamics. According to the documented records from Shibburn, an observed decrease of 37.12% in the quantity of SHIB tokens burned during the month of October was identified in comparison to the preceding month of September. The rate at which the burn performance occurred had a deceleration over the course of the month, despite the fact that the price of the cryptocurrency increased by more than 17% from its lowest point in October.
The current trade price of SHIB is $0.000008687, reflecting a positive increase of 23.75% over the course of the previous 30 days. The prospect of SHIB reaching a value of $1 is unpromising presently, given the substantial circulation of over 589 trillion SHIB tokens. The involvement of SHIB burns will be crucial in facilitating the attainment of the $1 milestone for the cryptocurrency, as they will effectively contribute to the reduction of the overall supply.
#ShibaInuUpdate #SHIBburn #BinanceSquare

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 Shiba Inu community burn has gained momentum once again following a period of underwhelming performance lasting for one week. The SHIB burn program, aimed at substantially decreasing the quantity of SHIB tokens in circulation, witnessed a notable surge in token burn, with over 17 million tokens being burnt in a single day, surpassing the previous day's data.
The burn rate of Shiba Inu has had a significant increase of 90.56%.
Based on the information provided by the Shibburn website, the quantity of SHIB tokens that underwent the burning process throughout the preceding 24-hour period amounted to about 17.32 million. There was a significant rise of 89.69% seen in the burn number from Monday to Tuesday, with the latter recording a value of almost 1.5 million.
The observed increase in the burn rate suggests that the community is displaying renewed engagement in the effort to decrease the overall supply of the meme coin. Among the 12 transactions executed for burn operations throughout the preceding day, the transaction originating from the address 0x92b53 stands out as particularly noteworthy. This transaction included the burning of an impressive quantity of approximately 14.8 million tokens. An further address, namely 0x811bee, executed the burning of more than 1.3 million tokens through two separate transactions.
The significant contribution to the weekly burn volume has been made by the burning of 17.32 million tokens throughout the past 24 hours. Nevertheless, the current data has not been sufficient to surpass the statistics from the previous week. According to Shibburn's data, a total of 245.64 million tokens were burnt throughout a 7-day period. This figure represents a decrease of 20.44% compared to the previous week.
The potential expansion of Shibarium may result in a significant increase in the value of the SHIB token.
The recovery of several metrics has not been limited to the burn rate of the Shiba Inu. An analysis of ShibariumScan reveals a notable surge in activity inside the Shiba Inu Layer 2 blockchain, known as Shibarium.
The data obtained from the explorer reveals a notable increase in the quantity of newly generated blocks, with a rise seen from a low of 10,627 on November 9 to 17,216 on November 14.
Title: An Analysis of the Factors Influencing the Decline in Bitcoin Price to $36,200 Introduction: This article examines the many factors that contributed to the recent decline in the price of Bitcoin, resulting in a value of $36,200. By exploring the relevant literature, we want to shed light on the underlying causes behind this significant drop in the cryptocurrency's market value. Literature Review: Several
This is in accordance with a marginal rise in the quantity of recent transactions, which reached a total of 13,213 on November 14th. Similarly, there was an increase in the number of active accounts each period, which grew from 545 to 829. Regrettably, the current count of newly implemented contracts on the network stands at 29, indicating a dearth of developer engagement in constructing applications on the network.
The pricing of SHIB might potentially have positive effects as a result of improvements in both the burn rate and the network's recovery. The price of the token has already reached levels of exhaustion as investors realized gains exceeding $0.000009. However, the increase in diverse factors might perhaps offer further support for the continuation of the rally.
#ShibaInuPriceForecast #SHIBburn #ShibaInuUpdate
According to data sourced from CoinMarketCap, the current trade price of SHIB is at $0.000008523, having had a decline of 1.63% throughout the past 24 hours. Nevertheless, the cryptocurrency continues to exhibit a weekly chart growth rate of 3.6%, and its market capitalization of $5 billion positions it as the 19th most substantial digital currency inside the industry.

#uma One of top $SHIB members has given shoutout to platform that has provided substantial help on #Shibarium and with #SHIBburn sDisclaimer: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. Shoutout to WoofSwap from SHIB plus warningSHIB burn rate #Skyrockets , SHIB price dropsThe official marketing expert of the Shiba Inu team, who prefers to call herself Lucie, has taken to the X/Twitter social media network to draw the SHIB community’s attention to a platform that has been of great help to the Shiba Inu team on its key projects.In the meantime, the Shiba Inu price has demonstrated a significant plunge overnight.Shoutout to WoofSwap from SHIB plus warningAccording to Lucie’s tweet, WoofSwap has provided a great deal of help with Shibarium and contributed to SHIB burns. She did not specify whether that assistance was temporary during specific periods when the team worked on Shibarium before or after its launch, nor did she specify anything about WoofSwap’s contribution to burning Shiba Inu tokens.She just suggested that her followers on Twitter start following @woofswap on the same platform and shared a link that leads to its Telegram channel.Aside from that, Lucie issued a warning to the #SHIBCommunity , calling on them not to click on any links published within the comments section of her root tweet. She suggested double-checking on the sources where these tweets come from and also never connecting wallets to any suspicious platforms.SHIB burn rate skyrockets, SHIB price dropsRecently published data by the Shibburn wallet tracking website shows that within the last 24 hours, the SHIB burn rate printed a massive increase, rising by 1,299%. This impressive rise signified the removal of 56,601,159 SHIB from the circulating supply of these meme coins.The largest burn transaction has carried more than half of the total burned SHIB coins to unspendable blockchain wallets – 30,462,825 SHIB. The second biggest burn of 13,631,000 SHIB preceded that one.According to the same source, within the last week, the SHIB community has gotten rid of 193,710,986 Shiba Inu; still, the weekly burn rate remains 97.94% down compared to the week before that.The SHIB price responded to that with a major decline over the past 24 hours as it plunged by 8.51%, and the second largest meme-inspired cryptocurrency fell from the $0.00000985 level to $0.00000912, where it is exchanging hands at the time of this writing, according to data provided by TradingView.

The team behind Shiba Inu has initiated another Shibarium-powered burn over the weekend. 
Read more on: https://thecryptobasic.com/2023/12/18/shibarium-burns-8b-shib-as-shiba-inu-leader-says-shibarium-transactions-are-worthy-of-toasting/
#SHIBFuture #SHIBARising #SHIBburn #ShibariumBlockchain #CryptoNews🔒📰🚫

During the course of this month, the Shiba Inu crew has been extremely productive, carrying out enormous SHIB token burns in order to fulfill their commitment to actively participate in SHIB burns. In this instance, they torched an astounding 8.47 billion SHIB, raising the total amount of SHIB that has been destroyed up to this point in December to more than 33.8 billion SHIB. These systematic burns are beginning to have an effect on the entire supply of SHIB, which is occurring as a cumulative effect.
SHIB worth an enormous 8.7 billion Burned Shiba Inu burns are something that may be performed by any member of the Shiba Inu community; however, the Shiba Inu team has been quite active this month. After these tokens have been destroyed, they are withdrawn from circulation forever, which leads to a decrease in the amount of SHIB that is accessible. LUCIE, who is in charge of marketing for Shiba Inu, made a statement on social media stating that 8,471,583,707 SHIB tokens, which were valued $92,170 at the time of the burn, were transferred into a wallet that was no longer active.

If the most recent fire were to occur, it would be the fourth of its sort. On December 5, a total of 8,241,856,589 SHIB were transferred to a wallet that had been abandoned. This was the first burn. On December 12, the second burn took place, and it resulted in the transfer of 8,615,169,427 SHIB to a wallet that had been destroyed. To a similar extent, the third burn, which took place on December 22nd, resulted in the transfer of 8,533,564,693 SHIB tokens into a wallet that was no longer active. That is more than 360 thousand dollars' worth of tokens that the team has burnt in just a few weeks, based on the current price of SHIB.
Despite the fact that 33.8 billion tokens may appear to be a substantial amount, it is still only a minute portion of the enormous quantity of 589 trillion SHIB that is now in circulation. On the other hand, the group has committed to carrying out periodical burns in order to progressively reduce the overall supply over the course of various time periods. The objective is to increase the scarcity of SHIB and the value it has for those who possess it.

Perspectives on the Future of Shiba Inu
A minor rebound occurred in Shiba Inu not too long ago, following the burn, which resulted in the cryptocurrency's price breaking the $0.000011 price threshold for the second time in November. On the other hand, the meme token has since gone through a correction and is presently trading at $0.00001089. A total of 41.95 percent of addresses are profitable at the present pricing, as indicated by the statistics provided by IntoTheBlock.
The most recent SHIB fires are the result of Shibarium's ongoing network costs that have accrued. On the other hand, Shibarium, which has seen a significant increase in the number of transactions over the past few weeks, is moving closer and closer to reaching yet another milestone. There have been 7.7 million transactions in the previous twenty-four hours, according to data from Shibarumscan, which puts the overall number of transactions at 177 million. On the assumption that the present rate of activity continues, the number of transactions might reach the 180 million milestone tomorrow, and it could reach the 200 million milestone by the end of the year.
#Shibaprice #SHIBburn #crypto2024 $SHIB

Recently, Shiba Inu has been moving against the bearish trend, particularly with the rising use of the Shibarium Layer 2 network. This recent trend has been particularly notable. When it comes to this particular instance, the bullish return is being driven by substantial holdings. Specifically, these substantial holdings have raised their positive net flows by a factor that is greater than ten on average.
Profitability of Shiba Inu Large Holders Increases by 1079%
The Shiba Inu big holder net flow has witnessed a considerable increase, as reported by the on-chain data tracker known as IntoTheBlock. The net flow of these huge wallets, which is defined as the entire difference between the amount of money coming in and the amount going out, increased by an astounding 1079% beginning on December 10.
The staggering amount of 4.68 trillion SHIB was the entire amount of money that was transferred out of these enormous wallets. It is crucial to note that this is significant when compared to the data from the previous days, which the tracker reveals to be somewhat less than the 287 billion SHIB level.
The fact that these whales are planning to take advantage of the cheap pricing of SHIB is a reasonable explanation for the enormous increase in net flows that has been seen. The price of SHIB continued to trade at a level that was greater than $0.00001 on December 10, which was the same day when the net flows were less than 287 billion.
On the other hand, as the price of SHIB started to fall, the net flows of these huge accounts started to increase. In proportion to the degree to which the price fell, the whales contributed more money to their wallets. This demonstrates a clear intention to amass tokens with the expectation that the price will soon begin to recover again.
Bullish sentiment among SHIB investors is on the rise.
To a certain extent, the decrease in price has, as one might expect, caused investors to lose some of their positive perspective. But it appears that this will only be a temporary situation, particularly when measurements start to move in a positive direction. First among these is the fact that the SHIB burn rate has been increasing over the course of the last day.
Over the course of the past twenty-four hours, the burn rate of the meme currency has increased by 49%, according to data provided by Shibburn. A total of 2.88 billion tokens have been destroyed by the community at this moment, which is the reason for this development. The majority of the time, this occurs when investors anticipate a change in the position of the price.
A neutral level has also been maintained by the Shiba Inu Fear & Greed Index, which is another indicator that has been successful. The fact that this is the case indicates that there is still a significant amount of bullishness remaining after the price decrease. If indicators continue to show signs of improvement, there is a possibility that a recovery may occur in the near future.
#SHIB #BullRun #SHIBburn

With the sustained growth in the Shiba Inu (SHIB) burn rate, one of the ecosystem’s administrators has issued an important message to the community.

Read more on: https://thecryptobasic.com/2024/02/02/shiba-inu-admin-issues-important-message-regarding-shib-burns/
#SHIB2024 #SHIBAnalysis #SHIBburn #Crypto #CryptoNewsUpdate

Following a significant announcement on X (formerly known as Twitter) by a Shiba Inu representative, the SHIB burn rate experienced a remarkable increase, as reported by data from the Shibburn explorer.
This surge reflects the Shiba Inu community’s active participation, resulting in the disposal of a substantial amount of the meme coin.
Shibburn Records Surge in SHIB Burn Rate
Significant Increase in Burn Activity: Shibburn’s data reveals a substantial rise in the burn rate of Shiba Inu’s meme coin, SHIB, over the past 24 hours. During this period, the community disposed of a total of 40,067,872 SHIB tokens, indicating a noteworthy surge in burn activity.
Key Burn Events: The most notable burns occurred recently, with the largest one taking place around 14 hours ago, resulting in the destruction of 20,000,000 SHIB tokens. Following closely, another significant burn occurred approximately two hours ago, where 1,693,629 SHIB tokens were disposed of into an unspendable blockchain wallet. Interestingly, Wednesday also witnessed a notable increase in the SHIB burn rate, reaching 2,211.89%.
Surge in Burn Rate: Despite the absolute number of tokens burned not being exceptionally high, the surge in burn rate saw a remarkable increase of 2,076% compared to previous levels. This spike indicates heightened activity and engagement within the Shiba Inu community, contributing to the ongoing disposal of SHIB tokens.

Shibarium Unveils Ambitious Upgrade Plans
1. Upcoming Features: Lucie, Shiba Inu’s marketing lead, disclosed a roadmap for Shibarium, outlining several upgrades scheduled for release between this year and 2025. Notable additions include the SHIB Metaverse, a new version of the Shiba Eternity game, and the rollout of ShibaSwap DEX 1.75, with version 2.0 to follow.
2. New Projects: Shibarium’s expansion plans extend beyond existing features, with upcoming projects including the introduction of a layer-3 testnet and the launch of the TREAT token. The TREAT token will serve as the primary currency for the new blockchain running atop Shibarium.
3. Fundraising Success: To kickstart the development of the layer-3 solution, the SHIB team recently secured a substantial $12 million investment from major backers. This funding injection will facilitate the implementation of ambitious upgrades and innovations within the Shibarium ecosystem.
4. Global Presence: Shytoshi Kusama, the enigmatic lead behind SHIB, has been making waves across various global locations. Known for his frequent changes in location on social media platforms like X (formerly known as Twitter), Kusama has been spotted in Dubai, Hong Kong, the Maldives, and several U.S. cities, including New York. These movements hint at the project’s expanding reach and growing influence on the global stage.
Mixed Fortunes for SHIB Price Amid Positive Developments
Despite Positive News: Despite positive developments such as the surge in the burn rate and successful fundraising efforts, meme coin SHIB has faced challenges in terms of price performance.
Price Decline: Over the past 24 hours, SHIB, the second largest meme cryptocurrency, has experienced a notable decline of approximately 10.39%. As of the latest data, SHIB is currently trading at $0.00002458.
⚠️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.
#ShibaInu #SHIBburn

#Write2Earn SHIB burn rate suddenly goes into green, however, community asks questions about 'pause' in transition to automated #SHIBburn s$SHIB burns rise almost 128% but questions riseShytoshi Kusama goes to Bitcoin state El SalvadorRecent update on the Shibburn transaction tracker shows a positive shift in the SHIB burn rate.The aforementioned metric staged a rise despite the SHIB price bouncing back after the overnight increase. Some members of the SHIB community are asking questions about whether the transition to automated SHIB burns is still on agenda.SHIB burns rise almost 128% but questions riseAccording to the aforementioned data source, over the span of the last 24 hours, the SHIB burn rate has increased by 127.41%. In the course of three transactions, a total of 17,393,421 SHIB have been burned. Almost all of these SHIB coins were burned in a single transaction, which carried 16,392,146 Shiba Inu.Image via ShibburnOn Friday, this metric showed a slightly higher figure, 191%, however, the amount of SHIB burned was much smaller: 7,650,000 Shiba Inu.These recent increases have coincided with the BONE 16% weekly price surge and some Shibarium metrics demonstrating small increases.Still, overall there have been no burns made by the Shibarium team recently. One of the major SHIB-themed accounts @ShibBPP has published a tweet wondering whether the Shibarium team continues to stash pinch BONE of the transaction fees on the blockchain to make SHIB burns with them later or whether there is a “pause while transitioning to automated burns.”The reason for this concern was that the total amount of BONE accumulated on Shibarium has not been growing much recently.Hey ShibArmy! 🚀Quick question - are we still stacking BONE on #Shibarium for those SHIB burns, or did we hit pause while transitioning to automated burns?Noticed the total accumulated hasn’t budged recently.What’s the scoop? 👀 Crypto DeFi pic.twitter.com/iHpVygox6k— $SHIB BPP (@ShibBPP) February 9, 2024According to a screenshot attached to the tweet, there is now approximately 1.4 million BONE accumulated for SHIB burns ($882.919 in fiat). However, the number of daily transactions amounts to merely 1,081,625.Shytoshi Kusama goes to Bitcoin state El SalvadorAs reported earlier, the X location mark of Shibarium’s lead developer Shytoshi Kusama shows that he is in El Salvador now. This is a small country that in 2021 proclaimed the flagship cryptocurrency Bitcoin as its only national currency, excluding any fiat money or altcoins (except #USDT ).If that is true, Kusama’s visit to this country raises eyebrows and questions as to what he maybe up to in this place, where the president and his Bitcoin advisor (#BTC maximalist Max Keiser) believe all altcoins, including Ethereum, to be s-coins and securities.#TrendingTopic

Shiba Inu made a big impact on the global market as the token saw an impressive 6000% increase in its burn rate.
Shiba Inu, a leading meme coin on the Ethereum blockchain, created a buzz in the crypto market as it recorded a colossal upswing in its weekly burn rate. According to on-chain data from Shibburn, a platform providing insights into SHIB burning, the burn rate surged nearly 6000%, capturing the attention of global crypto enthusiasts.
Despite the impressive burn rate surge, the meme coin’s price traded in negative territory on the day, presenting a contrast to the weekly trend. However, Shiba Inu’s price experienced a marginal increase over the past week, adding to the intrigue surrounding the token.
Shiba Inu’s Burn Rate Surges 5891.2% in a Week
Shibburn’s data reveals a remarkable surge in Shiba Inu’s burn rate over the past 7 days, soaring by an impressive 5891.2% as of Saturday, January 13. On the most recent day, the community witnessed the incineration of 820,007 SHIB over the past 24 hours. However, this contributed to a decline in today’s burn rate, marking a 95.05% drop.
The cumulative burn from the token’s inception has reached a substantial 410.70 trillion SHIB, significantly impacting the circulating supply. Currently, the meme coin’s circulating supply stands at 581.07 million as of the latest data.
Shiba Inu Price Shows 4.06% Drop, Reclaims Dropped Zero
The Shiba Inu price has experienced a notable decline of 4.06% in the last 24 hours, currently trading at $0.00000979. Interestingly, the price has regained a zero that was recently shed, sparking discussions and speculations within the global crypto community.
In addition to the price drop, both the market cap and 24-hour trading volume have seen significant reductions. The market cap reflects a decrease of 3.92%, now standing at $5.79 billion, while the trading volume dropped by 11.29%, reaching $195.75 million.
⚠️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.
#SHIBburn #ShibaSurge $SHIB

With a notable spike in the token burn rate over the past 24 hours, the Shiba Inu burn effort started the week on a strong note.
Burn Rate in Shiba Inus Noticeably Increases
The burn rate of Shiba Inus has increased by more over 5,000% in the past 24 hours, as of Monday, December 25. Shibburn, a platform that monitors the burn of SHIB tokens, reported a significant 5,043% spike in the burn rate.
In the last day, more than 53.13 million SHIB tokens have been burned, according to the tracker. Two large transactions, totaling more than 20,000,000 SHIB apiece, caused the burn rate to spike.
Twenty million Shiba Inu tokens were delivered to the SHIB burn wallet from the address 0x6081258689a75d2…887239fe80, according to data from Shibburn. At the same time, the burn wallet received around 25,000,000 SHIB in the second transaction processed by the same address.
There has been a dramatic increase in the burn rate of Shiba Inus in recent days. It would appear that the surge in burn rate has sparked a tidal wave of speculation in the bitcoin market.
There has been an uptick in the burn rate, but the Shiba Inu price is still going down. According to CoinMarketCap, the cryptocurrency has lost 1% of its value in the past 24 hours.
Whale Alert, an on-chain whale tracker, observed a huge whale transaction at the same time that the burn rate just rose. A staggering 4.25 trillion SHIB was moved to an unidentified wallet, as seen by the on-chain tracker.
The previously stated SHIB was transferred to an unknown wallet address 0x9c570088…a22fd8b51b via the wallet address 0x3ce6bed2…87d896c59f, according to Whale Alert. Another thing to note is that the gas fee that started this whole mess was less than $3.
Again, the project team made a huge mess.
The Shiba Inu squad reportedly burnt up 8.47 billion SHIB on Friday, December 22. At this very moment, the squad has consumed an astounding 33.8 billion SHIBs.
The group had already transferred 8,533,564,693 SHIB to an empty wallet earlier that day, for a total worth of $90,285. Approximately 17 billion SHIB tokens were burnt by the team on that particular day.
This is the crew's fourth large-scale burn this month. The most recent one is no exception. These systemic burns are starting to take a toll on the total supply of SHIB.

Lucie, who is in charge of marketing and is on the project team, has also verified this on X (formerly Twitter). Lucie included the most recent burn in her article, noting that it was the fourth time the surgery had been performed.
In addition to a 30% drop in trade volume to around $184.65 million, the current price of Shiba Inu is $0.000010. As of this writing, its market worth has dropped to $6 billion, a decrease of 1%.
#SHIB💥 #SHIBburn $SHIB #Shibarium