So, guess what? Our favorite dog-themed cryptocurrency, Shiba Inu (SHIB), has decided to go on a burning spree! 🔥 In the last 24 hours, its burn rate has shot up by a jaw-dropping 847%. I mean, who knew digital dogs could be so dramatic?
According to the latest gossip from SHIB burn X, a whopping 31,010,900 SHIB just vanished into thin air. Poof! Just like my motivation to go to the gym after a long day. 😅
HOURLY SHIB UPDATE
$SHIB Price: $0.00001748 (1hr 0.70% ▲ | 24hr -8.21% ▼)
Market Cap: $10,281,839,134 (-8.37% ▼)
Total Supply: 589,255,668,515,789TOKENS BURNT
Past 24Hrs: 31,010,900 (847.23% ▲)
Past 7 Days: 1,167,948,671 (4930.84% ▲)— Shibburn (@shibburn) February 2, 2025
And it doesn’t stop there! Over the past week, more than 1.1 billion SHIB have been sent to the great digital beyond. Shibburn reports that 1,167,948,671 were burned in just seven days. That’s a 4,930% increase! Talk about a hot streak! 🔥
What’s behind this fiery frenzy, you ask? Well, the Shiba Inu Core Team decided to throw a party and burn a massive 1 billion SHIB tokens to celebrate the launch of their shiny new toy, the Shiba Inu Burn Portal, ShibTorch V2. 🎉
This grand burn event took place on Thursday at 4:34 p.m. UTC, where 1,000,148,675 SHIB tokens worth a casual $18,832.80 were moved from “Shiba Inu: Deployer 2” to a designated “dead address.” Sounds like a one-way ticket to the afterlife for those tokens! 👻
But hold your horses! 🐴 The price of Shiba Inu hasn’t quite caught up with its burning ambitions. As of now, it’s down 6.6% in the last 24 hours, sitting at $0.00001757. Meanwhile, the crypto market is having a meltdown, with $539 million evaporating across various assets. SHIB is also down 12.11% weekly. Ouch! 😬
Shiba Inu burns get a major upgrade
Last week was a big deal for Shiba Inu, with the launch of ShibTorch V2, the upgraded version of their community burn site. This is all part of Shiba Inu’s grand vision, the Shiba Inu Operating System (Shib OS). It’s like the iOS of dog coins, but with more barking! 🐶
ShibTorch V2 is now part of Shib.io, the official Shiba Inu website, making it easier for SHIB holders to join the burning fun. Plus, it’s integrated with Shibarium, Shiba Inu’s Layer-2 blockchain solution. Because why not add more layers to the doghouse? 🏠
Every transaction on Shibarium has a base fee, and a portion of that is automatically sent to a burn contract. Once enough BONE (Shibarium’s gas token) piles up, users can burn directly through the ShibTorch V2 dashboard. It’s like a digital bonfire, and everyone’s invited! 🔥
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2025-02-02 13:43