CandleFocus Shiba Inu Torches 51,763,782 SHIB as Burn Rate Soars 1,068%
2024-12-10
Author: Content Editor
Shiba Inu (SHIB) has experienced a significant increase in its burn rate, with over 1,000% more tokens being permanently removed from circulation. This has created anticipation among investors for a bullish price movement. In the last 24 hours, 51,763,782 SHIB tokens were burned, and in the past week, 2.44 billion tokens were burned. These burns have significantly reduced the total supply of SHIB tokens. The increased burn activity indicates strong community involvement and has contributed to a surge in trading volume. Recent upgrades to the Shibarium layer-2 solution have also increased investor optimism. Despite the burn rate surge, SHIB's price has slipped in the last 24 hours but has shown a 12% increase over the past week.
Related News
Magic Eden's $5B Token Airdrop Raises Crypto Wallet Security Questions Gelato Network Integrates Factor.Fi Enabling Automated Strategies in DeFi MicroStrategy to join Nasdaq 100 with $2.1 billion in ETF share buying expected Will Cardano Price Mimic 2020 Rally to Hit $6? BNB Price Analysis: Bearish Momentum Builds After Recent All-Time High BlackRock’s Bitcoin ETF Surpasses Over 50 European Funds Combined Can Quantum Computers Break Bitcoin? Google's Latest Chip Sparks Fresh Debate Why Are Altcoins Underperforming Bitcoin? Analytics Company Evaluates Dominance Bloomberg editorial criticizes U.S. proposed Bitcoin reserve as “biggest crypto scam” Binance’s 25th Proof of Reserves shows a drop in BTC and a rise in ETH and USDT Chainlink integrates with Coinbase tokenized assets platform AI Crypto Agents Leader VIRTUAL Sees Price Surge Slow Down South Korea delays crypto tax until 2027 due to investor backlash El Salvador and Argentina Regulators Sign Agreement to Help Develop Crypto Industry XRP Price Plunges Below $2, but This Top Trader Remains Bullish Crypto Buying Interest Spikes Amid Bitcoin Dip XRP Buy Alert! $213 Million Outflow from Exchanges VanEck projects sustained growth for Bitcoin as altcoin season index rises Anticipated Cryptocurrency Project Announces Airdrop of New Altcoin Very Soon JUST IN: Coinbase’s Listings News Keep Coming – They Listed Another Altcoin as “Experimental” Nevada adds blockchain security in wake of fake electors fiasco Solana (SOL) Longs Seek Recovery After $60 Million Liquidation Setback Vote to Decide the Fate of Binance-Listed Altcoin Coming Soon Ethereum Foundation Continues Dumping ETH, More Selloff Incoming? Coinbase, Robinhood Users See Red as Dogwifhat Plunges $1.2 Billion in Three Days LTC High On-chain Activity Suggests Litecoin Price Could Hit $180 Do Network Partners With IQ.wiki to Empower User Web3 Understanding Traders brace for key inflation data this week Dogecoin Defies Crypto Market Crash: Analyst Says It Looks ‘Incredible’ Attackers are using fake Telegram groups and Twitter accounts to target crypto users with sophisticated scam tactics Haven Protocol Token (XHV) crashes after mint exploit COSIMO, a quietly moving, diversified crypto holding company, discloses $25 million investment led by former Bridgewater exec PEPE Price Pulls Back From All-Time High, Momentum Fades Bitcoin is crashing, but options markets are calling for $111K BTC price by February Solana Holds Steady At Key Support, Price Rebound Looming XRP Reclaims 2021 High, Following a Strong Bullish Price Structure Hedera Hashgraph’s $5 Trillion Market Ambition Could Push HBAR to $100: Here’s How Questions Haliey Welch and the $HAWK team won’t answer Dogecoin (DOGE) Price Declines 10% in 24 Hours, Loses $60 Billion Market Cap Animoca Brands on track to end 2024 as a VC funding leader Bitwise Reveals 2025 Price Targets for Bitcoin and Ethereum ETHDenver’s SporkDAO Launches $SPORK ($sSPORK) Patronage Token Distribution Analyst Predicts $AAVE Could Hit $1,000 as DeFi Adoption Grows and Deposits Surge Why did the crypto market plunge overnight: Is the bull run still intact? Cardano (ADA) Just Released Daedalus v7.0.0: Main Changes Crypto Whale Spends $17.1 Million to Buy $ONDO Amid RWA Hype Crypto Community Calls Ripple CEO on Joe Rogan's Podcast Solana Might Reach $295 Once It Breaks Key Supply Zone – Details Rebased Upgrade Marks a New Era for IOTA – Here’s How It Helps Users BNB Price Prediction As Binance Coin Hits New ATH Decubate Partner With Axelar, Unlocking Multichain Future for $DCB Hunter Horsley and Matt Hougan: The Spot Crypto ETF Champions Judge cancels ex-Celsius exec sentencing after Alex Mashinsky plea deal Trading expert charts Bitcoin’s path to $400,000 by 2026 Binance and Circle Forge Partnership to Enhance USDC Adoption and Liquidity in Global Markets Stellar price is crashing: how low can XLM fall? Trump Selects CFTC Chair to Shape Crypto Policies Donald Trump’s Son Eric on Bitcoin: “I Am Confident That It Is Going To Hit $1 Million” Cryptocurrencies and Web3 in Italy: the report by Consensys Bybit adds SUI to on-chain earn platform As XRP Falls, Expert Shares Positive Perspective on Decline if $1.94 Holds Paraguay seeks to mitigate energy losses due to illegal crypto mining Here’s What Triggered the Latest Bitcoin Liquidation Event Why Bitcoin is the Most Islamic Money Telos Joins Forces with Fireblocks for Institutional-Level Blockchain Innovation Immutable Releases 'Perpetual Rewards' with RavenQuest, Flagship MMORPG Analyst Says Shiba Inu Now Retesting the Ichimoku Cloud After Rejection Crypto-AI startup Exabits reaches $150 million valuation with $15 million seed round ? Microsoft Shareholders Vote Down Bitcoin Treasury Proposal In latest shakeup, Interchain Foundation acquires Skip to refocus Cosmos Hub at ecosystem's core WhatsApp privacy bug still not fixed says crypto startup that found it Pump.fun’s Memecoin Empire Crumbles Amid Scandals and Regulation Trump wants bitcoin to hit $150,000 during his presidency: report What happened to Hamster Kombat? A tale of caution for developers XRP, APT, ADA Tumble Another 15%; Investors May Be Paring Longs Ahead of CPI Data Bitwise predicts AI agents’ tokens to fuel meme coin mania surpassing 2024 levels This Group of Altcoins Was One of the Biggest Waves of Excitement in 2023: Now Binance Breaks Bad News ChatGPT says Shiba Inu price will hit this target by December 31, 2024 Fairshake: Crypto Titans Use Old-School Dollars to Turn Tide in Congress Investor Dan Tapiero Says This Crypto Sector ‘Could Really Take Off’ in the Next Two Years Weekly Analysis Of The Cryptocurrency Market: Altcoins Surpass Previous Highs As Bulls Buy Every Dip XRP’s South Korea Slump: Political Unrest Sparks Price Crash Bitcoin Plunges 3,000 Points, Recovers to 98K: QCP Predicts Stability Ahead BREAKING: Goldman Sachs CEO Makes a Hot Bitcoin Statement Velo Fuels XRP Buzz With Repeated Mentions—Is a Collaboration Brewing? BounceBit CeDeFi V2 Now Integrates Ondo Finance’s USDY As First RWA Asset The Golden Ratio Multiplier Mathematically Reveals Next Bitcoin Price Target Bitcoin Price Collapses And Threatens To Fall To A Low Of $90,000 Binance and Coinbase Altcoin Listing Differences Listed! Which One Has More Effect on Price? Here Are the Striking Results! Cardano (ADA) Price Slumps Below $1 for First Time in Weeks Satoshi Nakamoto's Bitcoin Vision Under Fire: What Happened? Clober liquidity vault has been exploited for 133 ETH, the team offers white hat bounty Milady CULT Coin Finally Launched—Why Did It Take So Long and What’s Next? Ray Dalio predicts global debt crisis, backs Bitcoin, gold Bernstein says quantum threat to Bitcoin seems ‘decades away’ Dogecoin, WIF and other memecoins crash hardest amid $1.7B crypto liquidations Ethereum rollup Fuel unveils native token to decentralize its chain Ethereum (ETH) Struggles at $4,000, But Whales Continue to Accumulate Binance makes top 6 in Cloudflare’s DNS traffic stats for financial apps in 2024 New SEC Chair Criticizes US Crypto Crackdown Under Biden What Are Whale and Shark Investors Doing as Bitcoin Price Fluctuates? MicroStrategy will eventually unravel — Bitcoin bulls should look elsewhere Koma Inu Pumps Over 150% After Binance Futures Listing News Ripple's Cryptic Message Sparks XRP Community Buzz — Here's Why Could quantum computing threaten Satoshi Nakamoto’s 1 million Bitcoin? Bitcoin (BTC) Price Prediction for December 10 Coincidence? Whale Buys 555 Billion PEPE Tokens After Musk’s Post XRP Price Prediction for December 10 FET’s potential structure shift – Can it climb to $3.5 before 2025? Crypto custodian BitGo enables institutional Bitcoin yield with Core Ex-Binance CZ Issues Crucial Bitcoin Warning, Michael Saylor Responds Staying hip in crypto is no easy feat Tesla’s 3,500% Comeback, Could XRP Be Next in Line for a Similar Rally? Time to Buy Bitcoin? MARA Acquires $1.1 Billion in BTC Optimism’s Jing Wang and the Widely Adopted OP Stack CryptoCom Partners Deutsche Bank to Enhance Its Corporate Banking Support in APAC Curve (CRV) 10% Jump Makes It Top Performing Altcoin, Outpaces Other DeFi Tokens Whale scoops up millions of Ondo coins after recent dip; what’s next for ONDO price? Anthony Scaramucci predicts China will be back in Bitcoin ‘by this time next year’ Aura Network: Pioneering Blockchain for Enterprises and Entertainment Evolution Aptos Foundation Donates $1M to SMU for Blockchain Professorship OKX Ventures boosts TON ecosystem with $5m investment Bitcoin Maintains $96,000 Support Amid $23 Billion Accumulation Wave Elon Musk Reveals Next Step For D.O.G.E., Here's All Satoshi Nakamoto's Bitcoin Statement Echoes 15 Years Later Amid Market Sell-off Here’s Next Major Shiba Inu Support Level as SHIB Dumps Hard Litecoin Outpaces Dogecoin and Cardano in This Important Metric Cardano Bull Dan Gambardello Sets Timeline for ADA to Hit $3 Altcoins Dominate December 2024: Season Index at Yearly High Tether’s USD₮ Recognized as Accepted Virtual Asset in ADGM Elon Musk Stuns PEPE Army with Gladiator Movie Post, Coin Up 14% ⚡ Crypto News On It’s Way For New Global Update – Don’t Miss! Puppy.Fun Integrates with BabyDoge to Improve Token Utility and Burn Mechanisms, Boosting Ecosystem Growth IQ Collaborates with XLink to Improve Accessibility of Bitcoin Knowledge Io.net and Mira Network Partner to Enhance AI Reliability Through Decentralized GPU Infrastructure and Advanced Verification Chainlink Labs expands MENA presence with Abu Dhabi office PancakeSwap ‘head chef’ insists CAKE will retain its deflationary tokenomics in V4 Wyoming Seeks Developers for State-Backed Stablecoin US ‘Flips’ to Support Encryption Following China’s ‘Salt Typhoon’ Cyberattack WhiteBit and VISA launch crypto debit card with cashback for all users Ethereum Foundation Sells 100 ETH for Dai as Pectra Upgrade Looms Ripple went all-in on politics and gained billions $100 Billion Crypto Catastrophe: What Even Happened? Economist Alex Krüger Says Bitcoin (BTC) ‘Highly Likely’ in a Supercycle – Here’s Why The future of B2B cross-border transactions is on the blockchain | Opinion VeChain Powers Smart Hospitals: MyBaby IVF Application at Renji Hospital Highlighted Binance.US, the American Arm of Binance, Announces Listing of Popular Memecoin! Zodia Markets Solidifies UAE Presence: Gains Abu Dhabi Crypto Licence Shiba Inu Fails to Break 9-Month Barrier, But New Investors See Potential Bitcoin Miners Cipher, CleanSpark and MARA's Upgraded at JPMorgan MYTH Rallies as Mythical Games Scores With FIFA Rivals Announcement Top Analyst Ignores Dogecoin Price Crash: Sees DOGE Hitting $18 Yellow Card Partners with Lightspark to Enable UMA Payments in Africa Analytics Company Reveals Top 10 Altcoins With The Most Increased Whale Activity During The Downturn Coinbase Premium Skyrockets as Bitcoin Dips to $97,000: Reason Hedera (HBAR) Price Slips Below Key Moving Average, Could Extend 17% Correction Scam Sniffer: Crypto fakes on X nearly doubled, reaching over 300 accounts daily Bitcoin, Ethereum whales likely to trigger retail FOMO ahead of macro events 144.5 Billion SHIB in Single Hour – What's Happening? USDC Crypto Issuer Circle Rolls Out CCTP V2, Here’s Its Impact Ripple's 8-Year Pattern Hints XRP Price Could Hit $200 in 2025 Early Moves Pay Off as XRP, CRV, and WIF Stabilize at Lows AI tokens market tanks 14.6% as Nvidia faces anti-trust probe in China Shiba Inu Price Delays Breakout, More Corrections Ahead? How Low Can the Solana Price Drop? Will Chainlink Price Rally 50% Amid BlackRock Partnership Rumors? BlackRock's Bitcoin ETF Drops Most in 4 Months Amid Quantum Computing FUD Magic Eden (ME) Token Soars 53% Amid Binance Listing Announcement Shiba Inu Torches 51,763,782 SHIB as Burn Rate Soars 1,068% South Korean movie ‘Crypto Man’ set to premiere in January 2025 Santiment Explained: "Whales Sold These Altcoins the Most During the Drop!" Bitcoin Buy and Sell App Relai Raises $12M for Europe Expansion Binance Pool Launches Luckycoin (LKY) Mining with Zero Fees Why Is Cardano Price Dropping? ADA Hasn't Fell This Much Since September 2021 Altcoins XRP, Tron and Cardano Cool Off as Market Reacts to Bitcoin Plunge XRP Crashing? It's Not That Bad Sui Struggles to Hold Price Dip at 4% Amid Recent Market Crash Coinbase sticks to conservative approach as meme coins make up 20% of its 2024 listings, analyst says Ethena (ENA) Eyes $1.33 Target After Short-Term Pullback Three in China Jailed for Illegal 30M Yuan Crypto Forex Transactions Can Dogecoin Bounce Back to $0.5 After Major Dip? Experts Weigh Shiba Inu Perpetual Contract Launches on Gemini Offshore Exchange Here’s how this trader turned $3,000 into $73m with PEPE Hailey Welch Goes AWOL After Failed Hawk Tuah Token Launch US Institutions Aggressively Bought the Bitcoin Crash to $94K, Data Shows Crypto Market Cap Slumped by $300 Billion Amid BTC, Altcoin Massacre: Market Watch Solana (SOL) Worst Performing Asset Among Crypto Top: What's Up? Bitcoin to $180K? Messari Founder Reveals Why He Won’t Think About Selling till Then Cardano News : TVL on the ADA Network Hits $555 Million Amid Growing Whale Interest New Zealand’s CBDC consultation results show limited public enthusiasm Atomic Wallet Says Get Ready to Hold XRP for Next Seven Years, Claims It Will Not See $3 Again Binance Futures Announces Listing of Four Altcoin Trading Pairs with Up to 75x Leverage! Here Are the Details Y Combinator, a16z Forecasts a Bullish 2025 for Crypto and AI New Solana staking coin M3M3 on Meteora draws investments, but unstaking may be a problem Peter Brandt Reveals Bitcoin's Two Biggest Killers Analyst Says Buying Cardano on Dips Even if It Falls to $0.76, Eyes $4-$6 Profit Range 'Rich Dad Poor Dad' Author: 'Biggest Crash in History Coming. Buy Bitcoin Now' As Crypto Market Falls XRP, Shiba Inu, Dogecoin Suffer Major Setbacks Tokyo-listed Remixpoint boosts Bitcoin reserves with $1.4m purchase Following Binance, Upbit Exchange Announced That It Will List This Altcoin! Here Are the Details $EIGEN Activity Spikes: 2-Year-Old Wallet Withdraws $9M from Binance DWF Labs to Launch $20 Million AI Agent Development Fund Vancouver mayor proposes Bitcoin adoption to fight inflation Google’s New Quantum Chip Won’t Kill Bitcoin, Expert Says Gate.io Blocked in India Amid Growing Crypto Regulations ASIC Tightens Grip on Crypto Custody in Major Rule Overhaul Solana – How traders betting on SOL’s price to rally could push it to $315 What Does Google's Quantum Computing Chip Mean for Bitcoin? Reimagined Enron teases world-changing summit with enigmatic new leader Bank of England studies ZK-proofs to enhance user privacy for digital pound Will Crypto Whale’s 10M ONDO Purchase Push ONDO to its ATH? Stellar on the Rise: Two Bullish Signals Hint at a Rally Toward $0.90 Unmarshal x DeGuardVPN: Redefining Data Transparency in Web3 Privacy Cardano Partners With Atómico3 For Lithium Tokenization, Enhancing Sustainable Energy Practices In Latin America’s Lithium Industry Bitwise CIO Matt Hougan Explains Why The Crypto Industry Needs Regulatory Clarity Chainlink’s Real-World Integration Could Catapult Its $17B Market Cap Latam Insights Encore: Bolivia's Dollar-Starved Economy Calls for Stablecoin Help Why Is Shiba Inu Price Going Down? Quant Analyst PlanB Outlines Bitcoin December Price Target, Forecasts Timeline for ‘Face Melting’ Bull Market The first AED stablecoin receives approval from Central Bank XRP Price Struggles With Forming New All-Time High; Ripple CEO Calls for Clear Regulations Consensys Lawyer Makes Case Against SEC’s Caroline Crenshaw’s Renomination Bitcoin Exchange Binance Announces New Altcoin Listing! Here Are the Details EU Countries Struggle to Implement MiCA as Deadline for Crypto Regulatory Revamp Looms CMB President Ömer Gönül Talked About Cryptocurrency Regulations! Whale Trader Withdraws 1.242 Million WLD Tokens From OKX! Analyst Says XRP May Face 50% Dump Before 3,500% Rally, Following Tesla Path Bitcoin Long-term Holders Drive Profit-taking Spree, But Funding Rates Signal Market Stability: Bitfinex Derive Protocol Crosses $100M in Value Locked as Bitcoin Whales Make Waves in Options Trading Binance Released Its Latest Reserve Report! Here's the Amount of Bitcoin, Ethereum, XRP and Altcoin in Hand! Top 10 Airdrops For The Second Week of December First Abu Dhabi Bank Joins Tokenization Firm Libre for Collateralized Lending Chainlink price prediction: Can LINK surge over 30% after THIS? PEPE Challenges SHIB, Baby Doge Rallies 31%: Meme Coin Market Hits $146 Billion XRP Plunges 12% as Crypto Market Loses $1 Trillion $3B ONDO Token Unlock Promises Growth—But Here’s the Catch Galxe unveils Gravity EVM upgrade and $50M ecosystem fund Battle Royale Shooter ‘OverTrip’ Hits Epic Games Store After Solana Token Launch Ethereum falls to $3.8K, but are ETH traders turning bearish? Polkadot drops 10% in 24 hours: Start of a bigger decline? Microsoft touts next-gen data centers that don’t consume water for cooling CryptoQuant Spotlights Solana, Toncoin as Rally Picks Post BTC, BNB Surge Crypto ‘buy the dip’ moments to last longer this cycle: Hedge fund founder Ethereum community debates raising gas limits amid stability and security concerns Beyond the Hype: CTO Argues AI Can Augment, Not Replace, Human Creativity MOVE Token Reaches $1.6 Billion Market Cap After Airdrop Launch on Binance Mobile Shoot ‘Em Up Game ‘Zoppel’ Launching on Ethereum Network Skale Ethereum Price Forecast: Investors book over $2.5 billion in profits as ETH declines nearly 10% Taiwan rushes AML rules; Indonesia’s digital assets surge to $30B Cardano Price Prediction Today: What’s Next After 17% Dip? SHIB Retraces 27% After Breakout: Can Bulls Regain Control? Satoshi’s Bitcoin holdings at risk as quantum computing advances, says Ava Labs co-founder LUIGI hits all-time high at $60M market cap after Luigi Mangione’s arrest for murder LUIGI hits all-time high at $45M market cap after Luigi Mangione’s arrest for murder Bitcoin tumbles will be ‘less abrupt’ after realized profit drops 76% South Korea’s Political Crisis Boosts Crypto Trade,US stocks UniSwap (UNI) Price at Risk as Whale Dumps $16.7M Worth of Tokens Here’s Why The Dogecoin Price Can Reach $10 This Cycle XRP Price Prediction For December 10 Bitcoin Cycle Top Still Ahead? Key Levels to Watch Bitcoin and Ethereum ETFs Attract $3.5B in Institutional Inflows Google unveils new quantum computing chip: Clock ticking for crypto encryption? Diamond-hand Whale Deposits Massive 11,639 ETH ($46.37M) to Kraken. Is Price Correction Looming? PEPE Defies the Market Trend, Eyes on 30% Rally Crypto advocacy groups target SEC’s Crenshaw in new Ad campaign Bitcoin and Ethereum ETFs Add Billions Amid Record Week: CoinShares Russian State Duma Deputy Proposes Strategic Bitcoin Reserve Peter Schiff Says Biden Selling All US Bitcoin Would Be "Good," Here's Why Will Historical Trends Push Ethereum Price to New Highs this December? Bitcoin Slips Below $97,000 as $250 Liquidated in an Hour Pepe Coin Price Eyes 48% Breakout Rally Amid Whale Buying Total crypto liquidations climb to $1.5 billion after bitcoin dips below $95,000 Hester Peirce Lays Out SEC's Agenda Under Trump Administration Solana (SOL) Reaches Key Level: What's Next? XRP Finds New Skyrocket Fuel? Pepe (PEPE) Becomes Meme Coin Leader Bitcoin has been billed as the people’s money, but is it as decentralized as they want you to believe? Small-cap crypto lead $1.7 billion liquidation, market cap falls 6% Tether’s USDT Hits Milestone Amid Surge In Stablecoin Adoption Ripple CEO Calls Out SEC Veteran Over "Boldfaced Misrepresentations" From $100k to $250k? Analyzing Bitcoin’s bull market signals