The Shibburn tracker, which monitors SHIB burn activities, has reported a decline in Shiba Inu’s burn rate on both daily and weekly time frames.
Despite this, SHIB’s price has surged significantly in the last two days.
Shibburn’s recent update revealed a 42.39% drop in the burn rate on Sunday, with only 2.6 million SHIB tokens removed from circulation through burn transactions.
Six transactions contributed to this total, with the two largest burning 1.14 million and 1 million SHIB, respectively. On Friday, just over 4 million SHIB were locked in burn wallets.
For the weekly period, SHIB burns have plummeted by almost 100%, with only 26.6 million tokens burned—an approximate 98.68% decrease compared to the previous week.
Shiba Inu burns have been tied to transaction volumes on Shibarium, the Layer-2 solution launched in late August last year.
A new report from on-chain analytics platform Santiment has identified standout crypto projects that posted the largest gains across various performance metrics during June 2025.
The move follows the exchange’s routine asset evaluations, which are aimed at maintaining quality standards and user protection.
Sui (SUI) has gone up by nearly 4% in the past 24 hours and its performance is diverging from that of other altcoins after some interesting technical news. Popular trading accounts on X pointed out that Sui’s trading volumes in June surpassed those of well-established tokens like BNB Coin (BNB) and Hyperliquid (HYPER) by $7 […]
The U.S. Securities and Exchange Commission (SEC) has officially approved the conversion of the Grayscale Digital Large Cap Fund into an exchange-traded fund (ETF), finalizing its transition from an over-the-counter product into a fully regulated ETF structure.