Shiba Inu Sees Over 1 Billion SHIB Burned in a Week, But Nuance is Key
2025-07-12 09:29:22
Main Idea
Over 1 billion Shiba Inu (SHIB) tokens were burned in a week, with a single large transaction accounting for most of the burn, while daily burn rates declined significantly.
Key Points
1. 1,053,508,245 SHIB tokens were burned in a week, marking a 1,783.10% increase in the weekly burn rate.
2. A single large transaction of 1 billion SHIB dominated the weekly burn, overshadowing smaller daily burns.
3. The daily SHIB burn rate dropped by 72.71%, with only 1,274,464 SHIB burned on a single day.
4. The Shiba Inu community remains active, monitoring burn rates as an indicator of SHIB's scarcity and potential value.
Description
Over the past week, more than 1 billion Shiba Inu (SHIB) tokens, specifically 1,053,508,245 SHIB, have been permanently removed from circulation, marking a significant 1,783.10% increase in the weekly burn rate. While this figure appears impressive at first glance, a closer examination reveals a more nuanced picture of the meme coin’s recent deflationary efforts. The … Continue reading "Shiba Inu Sees Over 1 Billion SHIB Burned in a Week, But Nuance is Key" The post Shiba Inu Sees Over 1 Billion...
Latest News
- Ryan Sean Adams Proclaims Ethereum as the Next World Reserve Asset2025-07-12 12:23:43
- Crypto Whales Quietly Accumulate Altcoins Off Binance, Signaling Potential Rally2025-07-12 11:33:15
- Shiba Inu Sees Over 1 Billion SHIB Burned in a Week, But Nuance is Key2025-07-12 09:29:22
- XRP Price Jumps 26% on Whale Accumulation & Short Squeeze2025-07-12 07:05:45
- Robert Kiyosaki Buys Bitcoin at $110K, Aims for More on Dips2025-07-12 06:18:10