Clicky

  • About
  • Coincu
  • Hot topics
  • Random
Thursday, September 28, 2023
CoinCu News
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Casino Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
    • Best Web3 Cryptocurrencies
  • Video
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Casino Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
    • Best Web3 Cryptocurrencies
  • Video
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
No Result
View All Result
CoinCu News
No Result
View All Result
Home Altcoins

Shiba Inu Burn Rate Increased By 824% Last Week, Burning 711 Million SHIB

Annie by Annie
1 year ago
in Altcoins
Reading Time: 4 mins read
394
94
SHARES
3.1k
VIEWS
Share on Twitter

Shiba Inu Down More Than 35% Since August Peak Despite Actively Improving Ecosystem

Shibarium Reboots With Positive Sign, SHIB Soars Over 2.5%

The burn rate of Shiba Inu has increased dramatically during the last 24 hours, according to the Shibburn website.

Shiba Inu Burn Rate Increased By 824% Last Week, Burning 711 Million SHIB
Shiba Inu Burn Rate Increased By 824% Last Week, Burning 711 Million SHIB

The hundreds of millions of SHIB burnt since the beginning of August had been added to by the more than 711 million SHIB delivered to dead wallets in the previous week.

In the last 7 days, there have been a total of 711,465,891 $SHIB tokens burned and 96 transactions. #shibarmy

— Shibburn (@shibburn) August 14, 2022

According to the Shibburn website, the SHIB burn rate increased by 824 percent over the previous day, burning a staggering 292,259,359 SHIB tokens.

In the past 24 hours, there have been a total of 282,160,866 $SHIB tokens burned and 9 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy

— Shibburn (@shibburn) August 14, 2022

Additionally, it was recently revealed that 6,000,000 SHIB tokens were burned in two transactions. Additionally, it was stated that 4,000,000 SHIB and 1,999,999 SHIB were moved in two different transactions to a dead wallet.

Shiba Inu’s breakout seen on 4H chart

Shiba Inu Burn Rate Increased By 824% Last Week, Burning 711 Million SHIB
Shiba Inu Burn Rate Increased By 824% Last Week, Burning 711 Million SHIB

Shiba Inu has shown a breakout above the high of $0.0000131 from July 20 by posting two enormous four-hourly candles in the past eight hours, as can be seen on the 4-hour chart. Shiba Inu might rise pretty strongly toward $0.000018, the next upside hurdle, if it maintains its current uptrend.

140082022 2222
SHIB/USD 4-Hour Chart, Courtesy: TradingView 

The rise may stabilize before the next move, according to the daily RSI, which is circling close to the 80 level. If the current levels are rejected, SHIB could return to its prior range, which had support near $0.0000102.

Shiba Inu was up 24% at $0.0000155 at the time of publication, outpacing Dogecoin in terms of gains. If the breakout indicated by an inverse head and shoulders (H&S) pattern on its daily chart, with a target price of $0.000051, is verified, analysts believe Shiba Inu may continue in this trend.

A downward trend that is poised to change into an upward trend is sometimes indicated by an inverse or reverse head and shoulders pattern. On the basis of the persistent macroeconomic uncertainties in the cryptocurrency market, this is still speculative.

Positive anticipation were raised last week when the creators of Shiba Inu revealed that Shiba Eternity was now being tested in Vietnam.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News

Will Layer 2 Shibarium Overcome Difficulties To Create New Breakthrough For Shiba Inu?

Large Shiba Inu Holders Witness Jaw-Dropping 923% Surge in SHIB Outflows Overnight

Decoding Meme Coins: Can Elonator Outrace Floki Inu & Follow Shiba Inu's Path To Triumph?

Tags: SHIBSHIB burn rateSHIB burntSHIB tokensShiba InuShiba Inu BurnShibburnShibburn website
Previous Post

DeFi Hub Of Polkadot Experiences Serious Hack

Next Post

Shiba Inu And Dogecoin Record Gains As Meme Crypto Trading Volumes Jump 151%

Other Posts

Maker Price Hits 16-Month High, Should There Be FOMO?
Analysis

Maker Price Hits 16-Month High, Should There Be FOMO?

September 28, 2023
DWF-Labs-FRONT-Withdrawal-300,000-FRONT-From-Binance-Increase-Holding-To-700,000-Tokens
Altcoins

DWF Labs FRONT Withdrawal: 300,000 FRONT From Binance, Increase Holding To 700,000 Tokens

September 26, 2023
Upbit-Transferred-IMX-Worth-4.8M-To-Binance-And-OKX-IMX-Fell-By-24-percent
Altcoins

Upbit Transferred IMX Worth $4.8M To Binance And OKX, IMX Fell By 24%

September 25, 2023
Cream-Finance-Soars-Over-80-percent-Amidst-Release-of-3-Year-Staking-Contract
Altcoins

Cream Finance Soars Over 80% Amidst Release of 3-Year Staking Contract

September 25, 2023
Whales-Boost-ARB-Token-When-Continuously-Accumulated-With-Price-Aggression
Altcoins

Whales Boost ARB Token When Continuously Accumulated With Price Aggression

September 25, 2023
Whales-Recently-Buy-MKR-For-3730-ETH-Bull-Run-Is-Approaching
Altcoins

Whales Recently Buy MKR For 3,730 ETH, Bull Run Is Approaching

September 25, 2023
Next Post
Shiba Inu And Dogecoin Record Gains As Meme Crypto Trading Volumes Jump 151%

Shiba Inu And Dogecoin Record Gains As Meme Crypto Trading Volumes Jump 151%

  • Robinhood Now Considers Delisting SOL, ADA, And MATIC After SEC Lawsuits: Report

    Robinhood Now Considers Delisting SOL, ADA, And MATIC After SEC Lawsuits: Report

    146 shares
    Share 58 Tweet 37
  • House Committee Champions Spot Bitcoin ETF Approval Immediately As SEC Faces Grilling

    115 shares
    Share 46 Tweet 29
  • Ethereum Price Remains Stable Above $1,600 Mark After SEC Decision

    93 shares
    Share 37 Tweet 23
  • Latest Gemini Genesis News Reveals $282 Million Withdrawal Before Bankruptcy

    92 shares
    Share 37 Tweet 23
  • Terraform Labs Founder Do Kwon Now Challenges SEC Amidst Global Legal Showdown

    92 shares
    Share 37 Tweet 23
777 1695900054qWY8MBsfJ8

Radix Babylon Upgrade Marks New Era for Web3 User and Developer Experience

September 28, 2023
Supra Raises 24m 1695186325leWw2DuOZy

Supra Completes Over $24m in Early Stage Funding to Date

September 28, 2023
CBDC Cross-border Testing Completed With Blockchain Technology To Minimize FX Risk

CBDC Cross-border Testing Completed With Blockchain Technology To Minimize FX Risk

September 28, 2023
Binance Changpeng Zhao Reveals Seamless CommEx Transition Amid Emerging Questions

Binance Changpeng Zhao Reveals Seamless CommEx Transition Amid Emerging Questions

September 28, 2023
Maker Price Hits 16-Month High, Should There Be FOMO?

Maker Price Hits 16-Month High, Should There Be FOMO?

September 28, 2023
Starknet Cairo v2.3.0 Version Introduces Components To Enhance Scalability

Starknet Cairo v2.3.0 Version Introduces Components To Enhance Scalability

September 28, 2023
Ethereum Price Remains Stable Above $1,600 Mark After SEC Decision

Ethereum Price Remains Stable Above $1,600 Mark After SEC Decision

September 28, 2023
Latest Gemini Genesis News Reveals $282 Million Withdrawal Before Bankruptcy

Latest Gemini Genesis News Reveals $282 Million Withdrawal Before Bankruptcy

September 28, 2023
Meta Quest 3 New Features: Integrates With AI Chatbots And Meta AI

Meta Quest 3 New Features: Integrates With AI Chatbots And Meta AI

September 28, 2023
Terraform Labs Founder Do Kwon Now Challenges SEC Amidst Global Legal Showdown

Terraform Labs Founder Do Kwon Now Challenges SEC Amidst Global Legal Showdown

September 28, 2023
  • Live Prices
  • Binance
  • NFT
  • Solana
  • Metaverse
  • Polygon
  • Coinbase
  • Trending

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected].

No Result
View All Result
  • Coincu
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Metaverse News
    • NFTs News
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Casino Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
    • Best Web3 Cryptocurrencies
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Video

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected].

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In