ETH SHIBA Archives - Times Tabloid https://timestabloid.com/tag/eth-shiba/ Cryptocurrency and Blockchain Tabs Tue, 21 Jun 2022 10:20:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png ETH SHIBA Archives - Times Tabloid https://timestabloid.com/tag/eth-shiba/ 32 32 Shibburn: Over 200 Million SHIB Burned in 24 Hours, Burn Rate Surges 162% over the Last Day https://timestabloid.com/shibburn-over-200-million-shib-burned-in-24-hours-burn-rate-surges-162-over-the-last-day/ Tue, 21 Jun 2022 10:19:10 +0000 https://timestabloid.com/?p=6751 Despite the situation in the market, the Shiba Inu army is not dissuaded from keeping the SHIB burning, considering the daily burn reports from Shibburn, the channel that tracks all transactions of Shiba Inu tokens to the dead wallets. Over 200 Million SHIB Tokens Burned in 24 Hours According to the recent report posted by […]

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]]> Despite the situation in the market, the Shiba Inu army is not dissuaded from keeping the SHIB burning, considering the daily burn reports from Shibburn, the channel that tracks all transactions of Shiba Inu tokens to the dead wallets.

Over 200 Million SHIB Tokens Burned in 24 Hours

According to the recent report posted by Shibburn, the Shiba Inu Army collectively burned a total of 216,301,162 SHIB tokens in the last 24 hours via 15 transactions.

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Shibburn tweeted, “In the past 24 hours, there have been a total of 216,301,162 SHIB tokens burned and 15 transactions.”

Read Also: Analytics Firm: Shiba Inu (SHIB) Could Reach $5 by 2050

SHIB Burn Rate Surges 162% over the Last Day

Data also revealed that there was an increase in the number of SHIB tokens destroyed per day. The burn rate reportedly surged by 162.98% over the last 24 hours.

Over 100 Million SHIB Burned Between 1Cent and ETH Shiba

According to 1Cent and ETH Shiba, the weekly SHIB burn event was held as usual and over 100 million SHIB tokens were burned between them via one transaction each.

1Cent organized its weekly burn event on the 20th of June, resulting in the destruction of 52,170,994 SHIB tokens in one transaction.

Based on the update on 1Cent’s official website, a total of 2,546,766,448 SHIB tokens have been permanently removed from Shiba Inu’s circulating supply via 16 transactions since the 14th of March 2022.

Read Also: Shiba Inu (SHIB) Discussed On a Very Popular FM Radio Channel in Argentina

Similarly, ETH SHIBA destroyed a total of 50 million SHIB through the weekly SHIB burn event conducted on Monday. According to the report, the whopping burn played out via a single transaction using the SHIB Burn Portal powered by Ryoshi Vision.

So far, ETH SHIBA has managed to burn a total of 2.45 billion tokens through its weekly burn event. ETH SHIBA was launched in March as a mechanism to continuously destroy Shiba Inu tokens.

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]]> 1.04 Billion SHIB Tokens Burned in 7 Days, but Shiba Inu Price Is Down 30% in a Week https://timestabloid.com/1-04-billion-shib-tokens-burned-in-7-days-but-shiba-inu-price-is-down-30-in-a-week/ Mon, 13 Jun 2022 15:37:39 +0000 https://timestabloid.com/?p=6570 Despite the current situation in the market, the Shiba Inu community seems unmoved as they continue to burn the leading dog-themed cryptocurrency in numbers. As reported by Shibburn, the platform that tracks all transactions of Shiba Inu (SHIB) to the dead wallets, over 131.34 million SHIB tokens have been burned in the last 24 hours, […]

The post 1.04 Billion SHIB Tokens Burned in 7 Days, but Shiba Inu Price Is Down 30% in a Week appeared first on Times Tabloid.

]]> Despite the current situation in the market, the Shiba Inu community seems unmoved as they continue to burn the leading dog-themed cryptocurrency in numbers.

As reported by Shibburn, the platform that tracks all transactions of Shiba Inu (SHIB) to the dead wallets, over 131.34 million SHIB tokens have been burned in the last 24 hours, while 1.04 billion SHIB tokens were destroyed within the last 7 days.

Read Also: Beta Finance Lists Shiba Inu: Users Can Now Lend, Borrow, and Short SHIB On-Chain

1.04 Billion SHIB Burned in 7 Days

According to the tweet posted by Shibburn, a total of 1,046,842,187 SHIB tokens have been moved to inferno wallets in the past 7 days via 101 transactions.

Shibburn tweeted, “In the last 7 days, there have been a total of 1,046,842,187 SHIB tokens burned and 101 transactions.”

Likewise, it’s reported that 1CENT, one of the tokens dedicated to burning SHIB, has destroyed 1,055 ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem.

Travis Johnson’s SHIB Super Store, ETH SHIBA, and 1Cent token are among the major SHIB Burn contributors of the Week. Travis Johnson’s SHIB Super Store was able to organize two consecutive “Weekly Burn Events”.

Read Also: New Record SHIB Burn: 31 Billion Shiba Inu Tokens Destroyed In May

Shiba Inu (SHIB) in the Market

Due to the current bear market, the impact of the burned tokens has not been felt on the price of Shiba Inu (SHIB). The cryptocurrency has failed to retain its critical support level at $0.00000908 on the 4-hours chart.

At the time of filing this report, SHIB is trading at $0.000007588, with a relatively 16% price downtrend in the last 24 hours and over 30% dip in the last 7 days, according to CoinMarketCap.

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