In September, the #ShibaInuCommunity removed more than 2.37 billion SHIB tokens from circulation as part of a burning campaign aimed at reducing the number of tokens in circulation and boosting their value.

Data from Shibburn Confirms Astonishing Numbers
According to statistics from #SHIBburn , a platform that tracks Shiba Inu ( #shiba⚡ ) burns, a total of 2,378,422,108 (2.37 billion) SHIB was burned in 131 different transactions throughout September. This month saw a significant increase in the burn rate, rising by 249% compared to August.
Dramatic Burn Rate Increase of 249%
With SHIB currently priced at $0.00001672, the value of the burned tokens is roughly $39,767. September brought a total burn rate increase of 249.36%, which is a substantial difference compared to August, when only 681 million SHIB were destroyed across six transactions.
Significant Token Burns in September
While the community contributed to the burning through 131 transactions, the most substantial impact came from a single transaction by a wallet linked to Binance. On September 26, this unknown user burned 1,872,037,807 (1.87 billion) SHIB in one operation, which at the time was valued at $35,643. This single transaction represented 78.7% of the total burn for the month.
Other notable burns included the destruction of 250 million #SHIB، on September 1, initiated by the Living The Dream (LTD) project as part of their Shib Burn Series campaign. Additionally, on September 16, an unknown wallet moved 25 million SHIB ($332) into Shiba Inu's official dead wallet.
The Community Aims to Boost SHIB's Price
The goal of this mass burning is to reduce the number of tokens in circulation and increase the value of Shiba Inu, which is currently trading at $0.00001672. In September, a total of 2.37 billion SHIB were burned, part of the community's long-term efforts to stabilize and grow the value of this #cryptocurrency .
October Starts Slowly: Daily Burn Rate Down by 92%
While September saw massive burning activity, October has started much more slowly. In the first few days of the month, only 2,941 SHIB tokens were burned, and a total of 2,302,941 SHIB were destroyed in three transactions, valued at $38.5. The daily burn rate dropped by 92.2%, meaning October might be a quieter month for Shiba Inu community activity compared to September.

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With a notable spike in the token burn rate over the past 24 hours, the Shiba Inu burn effort started the week on a strong note.
Burn Rate in Shiba Inus Noticeably Increases
The burn rate of Shiba Inus has increased by more over 5,000% in the past 24 hours, as of Monday, December 25. Shibburn, a platform that monitors the burn of SHIB tokens, reported a significant 5,043% spike in the burn rate.
In the last day, more than 53.13 million SHIB tokens have been burned, according to the tracker. Two large transactions, totaling more than 20,000,000 SHIB apiece, caused the burn rate to spike.
Twenty million Shiba Inu tokens were delivered to the SHIB burn wallet from the address 0x6081258689a75d2…887239fe80, according to data from Shibburn. At the same time, the burn wallet received around 25,000,000 SHIB in the second transaction processed by the same address.
There has been a dramatic increase in the burn rate of Shiba Inus in recent days. It would appear that the surge in burn rate has sparked a tidal wave of speculation in the bitcoin market.
There has been an uptick in the burn rate, but the Shiba Inu price is still going down. According to CoinMarketCap, the cryptocurrency has lost 1% of its value in the past 24 hours.
Whale Alert, an on-chain whale tracker, observed a huge whale transaction at the same time that the burn rate just rose. A staggering 4.25 trillion SHIB was moved to an unidentified wallet, as seen by the on-chain tracker.
The previously stated SHIB was transferred to an unknown wallet address 0x9c570088…a22fd8b51b via the wallet address 0x3ce6bed2…87d896c59f, according to Whale Alert. Another thing to note is that the gas fee that started this whole mess was less than $3.
Again, the project team made a huge mess.
The Shiba Inu squad reportedly burnt up 8.47 billion SHIB on Friday, December 22. At this very moment, the squad has consumed an astounding 33.8 billion SHIBs.
The group had already transferred 8,533,564,693 SHIB to an empty wallet earlier that day, for a total worth of $90,285. Approximately 17 billion SHIB tokens were burnt by the team on that particular day.
This is the crew's fourth large-scale burn this month. The most recent one is no exception. These systemic burns are starting to take a toll on the total supply of SHIB.

Lucie, who is in charge of marketing and is on the project team, has also verified this on X (formerly Twitter). Lucie included the most recent burn in her article, noting that it was the fourth time the surgery had been performed.
In addition to a 30% drop in trade volume to around $184.65 million, the current price of Shiba Inu is $0.000010. As of this writing, its market worth has dropped to $6 billion, a decrease of 1%.
#SHIB💥 #SHIBburn $SHIB #Shibarium

The team behind Shiba Inu has initiated another Shibarium-powered burn over the weekend. 
Read more on: https://thecryptobasic.com/2023/12/18/shibarium-burns-8b-shib-as-shiba-inu-leader-says-shibarium-transactions-are-worthy-of-toasting/
#SHIBFuture #SHIBARising #SHIBburn #ShibariumBlockchain #CryptoNews🔒📰🚫

Shiba Inu made a big impact on the global market as the token saw an impressive 6000% increase in its burn rate.
Shiba Inu, a leading meme coin on the Ethereum blockchain, created a buzz in the crypto market as it recorded a colossal upswing in its weekly burn rate. According to on-chain data from Shibburn, a platform providing insights into SHIB burning, the burn rate surged nearly 6000%, capturing the attention of global crypto enthusiasts.
Despite the impressive burn rate surge, the meme coin’s price traded in negative territory on the day, presenting a contrast to the weekly trend. However, Shiba Inu’s price experienced a marginal increase over the past week, adding to the intrigue surrounding the token.
Shiba Inu’s Burn Rate Surges 5891.2% in a Week
Shibburn’s data reveals a remarkable surge in Shiba Inu’s burn rate over the past 7 days, soaring by an impressive 5891.2% as of Saturday, January 13. On the most recent day, the community witnessed the incineration of 820,007 SHIB over the past 24 hours. However, this contributed to a decline in today’s burn rate, marking a 95.05% drop.
The cumulative burn from the token’s inception has reached a substantial 410.70 trillion SHIB, significantly impacting the circulating supply. Currently, the meme coin’s circulating supply stands at 581.07 million as of the latest data.
Shiba Inu Price Shows 4.06% Drop, Reclaims Dropped Zero
The Shiba Inu price has experienced a notable decline of 4.06% in the last 24 hours, currently trading at $0.00000979. Interestingly, the price has regained a zero that was recently shed, sparking discussions and speculations within the global crypto community.
In addition to the price drop, both the market cap and 24-hour trading volume have seen significant reductions. The market cap reflects a decrease of 3.92%, now standing at $5.79 billion, while the trading volume dropped by 11.29%, reaching $195.75 million.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBburn #ShibaSurge $SHIB

Following a significant announcement on X (formerly known as Twitter) by a Shiba Inu representative, the SHIB burn rate experienced a remarkable increase, as reported by data from the Shibburn explorer.
This surge reflects the Shiba Inu community’s active participation, resulting in the disposal of a substantial amount of the meme coin.
Shibburn Records Surge in SHIB Burn Rate
Significant Increase in Burn Activity: Shibburn’s data reveals a substantial rise in the burn rate of Shiba Inu’s meme coin, SHIB, over the past 24 hours. During this period, the community disposed of a total of 40,067,872 SHIB tokens, indicating a noteworthy surge in burn activity.
Key Burn Events: The most notable burns occurred recently, with the largest one taking place around 14 hours ago, resulting in the destruction of 20,000,000 SHIB tokens. Following closely, another significant burn occurred approximately two hours ago, where 1,693,629 SHIB tokens were disposed of into an unspendable blockchain wallet. Interestingly, Wednesday also witnessed a notable increase in the SHIB burn rate, reaching 2,211.89%.
Surge in Burn Rate: Despite the absolute number of tokens burned not being exceptionally high, the surge in burn rate saw a remarkable increase of 2,076% compared to previous levels. This spike indicates heightened activity and engagement within the Shiba Inu community, contributing to the ongoing disposal of SHIB tokens.

Shibarium Unveils Ambitious Upgrade Plans
1. Upcoming Features: Lucie, Shiba Inu’s marketing lead, disclosed a roadmap for Shibarium, outlining several upgrades scheduled for release between this year and 2025. Notable additions include the SHIB Metaverse, a new version of the Shiba Eternity game, and the rollout of ShibaSwap DEX 1.75, with version 2.0 to follow.
2. New Projects: Shibarium’s expansion plans extend beyond existing features, with upcoming projects including the introduction of a layer-3 testnet and the launch of the TREAT token. The TREAT token will serve as the primary currency for the new blockchain running atop Shibarium.
3. Fundraising Success: To kickstart the development of the layer-3 solution, the SHIB team recently secured a substantial $12 million investment from major backers. This funding injection will facilitate the implementation of ambitious upgrades and innovations within the Shibarium ecosystem.
4. Global Presence: Shytoshi Kusama, the enigmatic lead behind SHIB, has been making waves across various global locations. Known for his frequent changes in location on social media platforms like X (formerly known as Twitter), Kusama has been spotted in Dubai, Hong Kong, the Maldives, and several U.S. cities, including New York. These movements hint at the project’s expanding reach and growing influence on the global stage.
Mixed Fortunes for SHIB Price Amid Positive Developments
Despite Positive News: Despite positive developments such as the surge in the burn rate and successful fundraising efforts, meme coin SHIB has faced challenges in terms of price performance.
Price Decline: Over the past 24 hours, SHIB, the second largest meme cryptocurrency, has experienced a notable decline of approximately 10.39%. As of the latest data, SHIB is currently trading at $0.00002458.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIBburn

Shiba Inu’s lead developer, Shytoshi Kusama, has addressed concerns regarding SHIB burns once again.
Read more on: https://thecryptobasic.com/2023/11/02/shiba-inu-issues-new-statement-on-shib-burns/
#Shibinu #SHIBCommunity #SHIBburn #Crypto #CryptoNews🔒📰🚫

The individual known as "Ryoshi," who is the originator of the meme coin Shiba Inu (SHIB), has been publicly addressed by Shibburn, a burn tracker dedicated to monitoring the token's burn activity. The community initiative appeared to imply that Ryoshi's actions were not aligned with the optimal interests of the SHIB ecosystem.
The impact of the "Ryoshi" mechanism on the burn rate of SHIB
Shibburn made a number of assertions on their X (formerly known as Twitter) platform, claiming that the creators of the token had not consistently demonstrated integrity in their transactions. The platform has indicated that the founders have effectively mitigated the token's burn rate by implementing a deliberate decision to refrain from burning more than 103 trillion SHIB. The aforementioned accusation originated from their assertion on Ryoshi's SHIB holdings.
According to Shibburn, it has been asserted that Ryoshi made false statements on the quantity of SHIB tokens they possessed. The authors said that the originator of SHIB made a statement asserting their possession of "0 SHIB," since any alternative action may potentially result in a conflict of interest. However, it was then revealed that Ryoshi had a substantial amount of SHIB tokens, estimated to be valued at more than $1 billion.
The founders have purportedly undertaken extensive measures to conceal their assets by transferring them around several wallets. Shibburn posits that their actions have hindered the progression of the ecosystem, as certain tokens intended for destruction have been affected. Shibburn made a claim asserting that Ryoshi had a lack of concern for the growth of SHIB and was primarily motivated by self-interest.
The founders of Shiba Inu are only driven by self-enrichment.
As part of the startling disclosures, Shibburn alluded to the possibility that Ryoshi's public perception may not align with their true identity. Alternatively, these individuals are characterized as a "collective of profit-driven investors" whose primary objective is to capitalize on the local community. In order to attain this objective, SHIB is purportedly seen as their lucrative asset, which they use as a mechanism for personal enrichment.
In addition to Ryoshi, the primary developer of SHIB, Shytoshi Kusama, was also implicated in the situation. #SHIBburn levied an accusation against the developer, questioning their authenticity as a legitimate developer, and insinuated that Shytoshi had ulterior motives centered around financial gains from the community. One example that was hinted to was the purported prize that the developers bestowed upon themselves in the form of a substantial quantity of $BONE upon the establishment of #ShibaSwap .
Shibburn suggested that the decision to designate BONE as a gas token for Shibarium may have been motivated by a desire to enhance the token's utility and improve its value. Shytoshi has not yet provided a response to the aforementioned charges, nor has any information been published on the official announcements blog, which is often utilized by the creators to provide frequent updates.
The #shiba breed appears to be unaffected by these accusations. Based on data obtained from CoinMarketCap, the current trade price of the meme coin is at about $0.000008189, reflecting an upward trend within the past 24-hour period.

The Shiba Inu community burn has gained momentum once again following a period of underwhelming performance lasting for one week. The SHIB burn program, aimed at substantially decreasing the quantity of SHIB tokens in circulation, witnessed a notable surge in token burn, with over 17 million tokens being burnt in a single day, surpassing the previous day's data.
The burn rate of Shiba Inu has had a significant increase of 90.56%.
Based on the information provided by the Shibburn website, the quantity of SHIB tokens that underwent the burning process throughout the preceding 24-hour period amounted to about 17.32 million. There was a significant rise of 89.69% seen in the burn number from Monday to Tuesday, with the latter recording a value of almost 1.5 million.
The observed increase in the burn rate suggests that the community is displaying renewed engagement in the effort to decrease the overall supply of the meme coin. Among the 12 transactions executed for burn operations throughout the preceding day, the transaction originating from the address 0x92b53 stands out as particularly noteworthy. This transaction included the burning of an impressive quantity of approximately 14.8 million tokens. An further address, namely 0x811bee, executed the burning of more than 1.3 million tokens through two separate transactions.
The significant contribution to the weekly burn volume has been made by the burning of 17.32 million tokens throughout the past 24 hours. Nevertheless, the current data has not been sufficient to surpass the statistics from the previous week. According to Shibburn's data, a total of 245.64 million tokens were burnt throughout a 7-day period. This figure represents a decrease of 20.44% compared to the previous week.
The potential expansion of Shibarium may result in a significant increase in the value of the SHIB token.
The recovery of several metrics has not been limited to the burn rate of the Shiba Inu. An analysis of ShibariumScan reveals a notable surge in activity inside the Shiba Inu Layer 2 blockchain, known as Shibarium.
The data obtained from the explorer reveals a notable increase in the quantity of newly generated blocks, with a rise seen from a low of 10,627 on November 9 to 17,216 on November 14.
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This is in accordance with a marginal rise in the quantity of recent transactions, which reached a total of 13,213 on November 14th. Similarly, there was an increase in the number of active accounts each period, which grew from 545 to 829. Regrettably, the current count of newly implemented contracts on the network stands at 29, indicating a dearth of developer engagement in constructing applications on the network.
The pricing of SHIB might potentially have positive effects as a result of improvements in both the burn rate and the network's recovery. The price of the token has already reached levels of exhaustion as investors realized gains exceeding $0.000009. However, the increase in diverse factors might perhaps offer further support for the continuation of the rally.
#ShibaInuPriceForecast #SHIBburn #ShibaInuUpdate
According to data sourced from CoinMarketCap, the current trade price of SHIB is at $0.000008523, having had a decline of 1.63% throughout the past 24 hours. Nevertheless, the cryptocurrency continues to exhibit a weekly chart growth rate of 3.6%, and its market capitalization of $5 billion positions it as the 19th most substantial digital currency inside the industry.

A significant portion of cryptocurrencies has exhibited positive price fluctuations, resulting in Shiba Inu experiencing a 2% increase in value during the last 24 hours. Despite the marginal price escalation, there has been a substantial decline observed in the pace at which SHIB tokens are being burned.
Based on the data provided by Shibbburn, the official SHIB burn tracker, the number of SHIB tokens burnt throughout the past 24 hours amounted to 983,884. This figure indicates a substantial decrease of more than 99% compared to the preceding day. The observed substantial decrease in the burn rate is expected to elicit apprehension among investors over the potential downward impact on the price of SHIB in the near future.
The burn rate of SHIB has experienced a significant decrease of 98.79%.
The basic objective of the burning of Shiba Inu tokens is to decrease their circulating supply, hence promoting scarcity and consequently increasing the value of these tokens. The burning of SHIB tokens occurs intermittently, with certain days exhibiting a higher frequency of token burn compared to others. As an illustration, the initial burning of SHIB tokens on Shiba Inu's layer-2 solution, Shibarium, resulted in the reduction of 97 million SHIB tokens.
Based on the information provided on the Shibburn website, it has been seen that throughout the preceding 24-hour period, a cumulative sum of 983,884 SHIB tokens underwent a process of burning through three distinct transactions. Notably, the largest quantity of 42,850 SHIB tokens was moved to an inactive wallet. The aforementioned data indicates a reduction of 98.79% in the quantity of tokens that were subjected to burning, signifying a substantial drop in comparison to previous days.
In order to provide a contextual framework, it is noteworthy that a cumulative sum of 81.26 million SHIB tokens underwent the process of burning on the preceding day, while an additional quantity of 49.76 million SHIB tokens underwent the same process two days prior.
Implications for Investors in Shiba Inu
Investors have the ability to burn SHIB tokens by sending them to one of the three designated SHIB burn addresses. As per the marketing lead of the Shiba Inu community, the process of SHIB burning is a collaborative endeavor within the community. According to the data obtained from the Shibburn website, the quantity of SHIB tokens that have been permanently removed from circulation exceeds 410 trillion, representing a significant reduction from the original token supply.

The observed decline in the rate of SHIB token burn has persisted over a considerable period, indicating a diminishing level of interest due to the perceived lack of impact on market dynamics. According to the documented records from Shibburn, an observed decrease of 37.12% in the quantity of SHIB tokens burned during the month of October was identified in comparison to the preceding month of September. The rate at which the burn performance occurred had a deceleration over the course of the month, despite the fact that the price of the cryptocurrency increased by more than 17% from its lowest point in October.
The current trade price of SHIB is $0.000008687, reflecting a positive increase of 23.75% over the course of the previous 30 days. The prospect of SHIB reaching a value of $1 is unpromising presently, given the substantial circulation of over 589 trillion SHIB tokens. The involvement of SHIB burns will be crucial in facilitating the attainment of the $1 milestone for the cryptocurrency, as they will effectively contribute to the reduction of the overall supply.
#ShibaInuUpdate #SHIBburn #BinanceSquare

In light of the fact that the campaign continues to witness spike after spike, the Shiba Inu community is doing exceptionally well with burning SHIB. Given that millions of tokens have been delivered to the burn address over the course of the past twenty-four hours, the burn rate has once again experienced a considerable spike.
Increase in SHIB Burn Rate of 420%
In the past twenty-four hours, the $SHIB burn rate has increased by an additional 421%, as indicated by the statistics that can be seen on the Shibburn website. The members of the Shiba Inu community have changed their behavior from the previous day, which saw a little more than one million tokens burnt. This rise occurs as a result of this change.
This time around, there have been more than 5.3 million tokens burned, which is what caused the website to announce a 421% increase in the number of tokens burned. Surprisingly, the total number of fires originated from less than ten different locations. At the moment that this article is being written, the website that tracks burn transactions reveals that during the last day, there have been a total of only six burn transactions carried out.
SHIB burns were carried out in two separate transactions by a single wallet, which was responsible for thirty-five percent of the entire burn statistic. The "0x9d1e" wallet carried out two transactions that were similar to one another, resulting in the destruction of a total of 1,777,777 tokens each time. This amounted to more than 2.5 million tokens being destroyed.
Another wallet with the identifier "0x60812" was responsible for the destruction of one million tokens. On the other hand, the remaining burn transactions for the day each included a quantity of tokens that was less than one million.
This daily rise has also been a contributor to the increase that has been observed over the course of the past week. According to the statistics provided by Shibburn, the weekly burn rate has increased by 4,145% after the burns that occurred on the previous day, with more than 8.6 billion tokens being burnt over this period of time.
The team of Shiba Inus is driving the burn rate forward.
It has been determined that the Shiba Inu squad is responsible for the explosive SHIB burn rate that has been seen in recent times. According to the information provided by the lead developer Shytoshi Kusama, the fees that have accrued on the Shibarium blockchain will be used to purchase SHIB for the purpose of burning, and two significant burns have been carried out up to this point.

As a result of the Shiba Inu team burning 8.2 billion tokens on December 5th, the burn rate increased by more than 7.6 million percent. Once again, the team burnt more than 8.2 billion tokens during the subsequent major burn, which took place two weeks after the previous one. This time, the burn rate increased by more than 770,000%, triggering something to happen.
More significant fires are anticipated to be caused by the Shiba Inu squad, and it is anticipated that more than $1.2 million will be allocated to burning. As a result, the burn rate is anticipated to continue to significantly increase. It is a favorable development for the SHIB price, which will profit from having fewer tokens in circulation, and it is also a positive development for the currency.
#SHIBburn #Shibarium #cryptocurrency

The Shiba Inu community members are rallying on social media, demanding more SHIB burn Shibarium, the ecosystem’s layer-2 network.

Read more on: https://thecryptobasic.com/2024/02/14/30-days-no-manual-shiba-inu-burn-community-demands-burns-from-shib-lead/
#SHIB2024 #SHIBburn #SHIBNEWS #Crypto #CryptoNewsFlash