Advertisement
AD

Main navigation

Over 100 Million SHIB Burned This Week, Here's What Turn Shiba Inu Price Took

Advertisement
Sat, 25/11/2023 - 20:00
Over 100 Million SHIB Burned This Week, Here's What Turn Shiba Inu Price Took
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Contents
Advertisement

Shibburn tracking platform has issued an X post informing the crypto community about the number of SHIB meme tokens that have been scorched over the last week and within the past 24 hours.

Related
Dogecoin Founder Shares Take on Record Jump in DOGE Transactions

More than 100 million SHIB removed

The Shiba Inu community has managed to dispose of 130,903,382 SHIB over the past seven days in total, but this was not enough to keep the weekly burn rate up after billions of SHIB were removed from the supply on a weekly basis earlier this fall. Currently, the weekly burn rate shows minus 43.33%.

As for the SHIB lump transferred to "inferno" blockchain wallets since last morning, this figure constitutes 5,947,922 SHIB, which is minus 34.98% for the daily burn rate. This amount of SHIB was destroyed in four transactions, two of them carrying 4,676,501 and 1,234,567 Shiba Inu meme coins.

Earlier this week, the burn rate of Shiba Inu demonstrated astounding surges by 47,872% with 28,129,380 SHIB destroyed and 456%, when 11,134,759 SHIB coins were locked in dead-end blockchain addresses.

Related
Important Shibarium Announcement Issued by SHIB Team

Shiba Inu price weekly performance

Since Wednesday this week, the second largest canine cryptocurrency by market capitalization value SHIB gained 7.79% as it rose from $0.00000773 to the $0.000008834 level, where it is changing hands at the time of this writing.

This week, the Layer-2 solution Shibarium demonstrated several new highs — the total count of daily transactions surpassed the $4,100,000 milestone. Daily transfers also saw a major rise, reaching a peak of 43,690 on Nov. 23, according to the Shibariumscan explorer.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards
ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Our social media
There's a lot to see there, too

Popular articles