As a researcher, I’ve been analyzing data from Shibburn, an independent tracking platform that gathers transaction information from Etherscan and disseminates it on their website and social media accounts. Strikingly, there’s been a significant surge in SHIB burn rate over the past day.
Currently, the value of the meme coin is showing a nearly 4% increase and making another effort to surpass the resistance level of $0.00002177. At present, SHIB is being traded at approximately $0.00002173 per coin.
SHIB burns jump 1,193%
Over the past 24 hours, the specified data source shared news about a significant increase in SHIB burn rate – over 1,193%. This significant rise is attributed to the elimination of approximately 6,037,310 SHIB from the current supply, as reported in a tweet by Shibburn today.
Approximately eighteen hours ago, the two biggest Shib token destruction transactions were for 2,511,360 and 1,000,000 tokens, respectively.
Regarding weekly burns, we’ve seen an impressive surge of 72.74%. This means approximately 76,236,965 SHIB tokens have been destroyed and rendered inaccessible in SHIB blockchain wallets that can no longer spend them.
1-Hour Shiba Inu Update:
Shiba Inu Price: $0.00002372 (-0.06% decrease in the last hour | -2.13% decline over the past 24 hours)Market Capitalization: $13,977,981,987 (decrease of 1.97%)
Total Supply: 589,257,014,659,157
Burned Tokens:
Over the past 24 hours: 6,037,310 (+1193.13%)
Over the past 7 days: 76,236,965 (+72.74%)— Shibburn (@shibburn) January 10, 2025
Shytoshi Kusama teases upcoming TREAT launch
In a recent update from their official platform, the enigmatic head of the SHIB development squad, who goes by the Japanese-inspired alias Shytoshi Kusama, hinted that the imminent release of the eagerly awaited TREAT token within Shibarium will deviate significantly from any previous launches undertaken by the Shiba Inu team. He’s set to disclose the reasons behind this unique launch on January 10, possibly during an AMA or a series of tweets.
Tomorrow, you’ll discover that the TREAT launch is different from anything we’ve attempted before. For now, though, let me share with you the reasons behind this unique approach…just a moment!
— Shytoshi Kusama™ (@ShytoshiKusama) January 9, 2025
Additionally, he subtly suggested a major update or occurrence related to the upcoming launch of this digital token. Earlier today, another anonymous member of the SHIB team, known as Lucie, posted what appears to be the release date for TREAT: January 14, 2025. Furthermore, based on a separate post, the American cryptocurrency exchange KuCoin plans to add this new token to their platform on the same day.
TREAT
January 14,2025
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) January 7, 2025
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2025-01-10 12:54