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 Standard Chartered highlights that publicly traded companies holding Ethereum (ETH) as a treasury asset have emerged as a unique and fast-evolving asset class, distinct from traditional crypto vehicles such as ETFs or private funds.
Fartcoin (FARTCOIN) has gone down by 17.3% in the past 24 hours and currently sits at $1.14. As the token approaches $1, one trader favors a bullish Fartcoin price prediction. DevKhabib, a pseudonymous trader whose X account is followed by nearly 46,000 users, says that he expects a big bounce off the $1 support after […]
Amid current market volatility, blockchain analytics firm Santiment has reported a notable rise in whale activity targeting a select group of altcoins.
Binance has officially announced the launch of PlaysOut (PLAY), a new token debuting on Binance Alpha, with trading scheduled to begin on July 31, 2025, at 08:00 UTC.