Billions of SHIB Burned in August, Monthly Shiba Inu Burns Double

Malaysia News News

Billions of SHIB Burned in August, Monthly Shiba Inu Burns Double
Malaysia Latest News,Malaysia Headlines
  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Staggering amount of Shiba Inu removed from circulating supply by SHIB army last month

That is 74.94% less than was burned on Thursday, when the SHIB army disposed of roughly 100,000,000 SHIB.has been launched, the SHIB community expects much bigger burns to begin. Since every single transaction on the mainnet will support SHIB burns, the community expects trillions of SHIB tokens to be burned monthly and maybe even weekly.

Part of the gas fees on Shibarium will be set aside and then later converted into SHIB to be sent to dead wallets.Shibarim metrics bolster overnight According to data provided by the Shibariumscan explorer, since Thursday, the total count of transactions has surged to 718,601 from 599,968, adding roughly 118,000 overnight. As for the number of wallets connected to Shibarium, this figure has grown 1.5x since yesterday, reaching 663,250 after hitting 431,972 on Thursday, Aug. 31.Therefore, one may say that Shibarium has kicked off September on a clearly positive note.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analyst Explains How Shiba Inu (SHIB) Can Chart New All-Time HighAnalyst Explains How Shiba Inu (SHIB) Can Chart New All-Time HighThe analyst believes the triple-bottom pattern is key in regards to SHIB's future price movements.
Read more »

SHIB Army Burns Millions of Shiba Inu, Pushing Burn Rate High into GreenSHIB Army Burns Millions of Shiba Inu, Pushing Burn Rate High into GreenLarge SHIB burns continue to happen, while price remains in green and Shibarium metrics show massive rise overnight
Read more »

These Shiba Inu (SHIB) and XRP Pairs Eye Delisting From Major ExchangeThese Shiba Inu (SHIB) and XRP Pairs Eye Delisting From Major ExchangeBinance's 2024 vision spells trouble for these SHIB and XRP pairs
Read more »

Shiba Inu (SHIB) Symmetrical Triangle Is Here, Here's What Might HappenShiba Inu (SHIB) Symmetrical Triangle Is Here, Here's What Might HappenShiba Inu could be on verge of breakthrough if this symmetrical triangle plays out
Read more »

This is the Crucial Level SHIB Must Break to Turn Bullish: Shiba Inu Price AnalysisThis is the Crucial Level SHIB Must Break to Turn Bullish: Shiba Inu Price AnalysisShiba Inu's native token has been demonstrating bearish price action over the past few weeks since getting rejected at a critical resistance level. Yet, a
Read more »

Major Japanese Exchange Adds Polygon Support for Shiba Inu (SHIB)Major Japanese Exchange Adds Polygon Support for Shiba Inu (SHIB)OKCoinJapan, major cryptocurrency exchange in Japan, has announced that it will extend Polygon chain support for Shiba Inu (SHIB) and DAI starting Sept. 7
Read more »



Render Time: 2025-02-27 04:17:16