Over 1.5 trillion Shiba Inu (SHIB) tokens have been discarded in the last day as the project’s burn rate sees a massive increase. New data from SHIB burning protocol Shibburn reveals that during the last 24 hours, the burn rate of the dog-themed meme asset has surged by over 30,000% as 1,500,141,145 SHIB have been […]
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A deep-pocketed crypto trader is accumulating hundreds of billions of Shiba Inu (SHIB) as the dog-themed meme asset sees a massive jump in its token-burning rate. New data from whale-tracking platform WhaleStats reveals that user BlueWhale0073, one of the biggest Ethereum (ETH) whales in the world, has just snapped up 148,782,308,867 SHIB worth $1,651,483 at […]
The post Massive Shiba Inu Whale Accumulates 148,782,308,867 SHIB As the Dogecoin Rival’s Burn Rate Explodes Over 35,000% appeared first on The Daily Hodl.
A rival of dog-themed crypto asset Shiba Inu (SHIB) is burning an eye-popping amount of its token supply as a deflationary measure. In a new announcement, the development team behind Baby Doge Coin (BABYDOGE) says it has burned a staggering quadrillion tokens, worth about $2.6 million at time of writing, from its supply in a […]
The post Shiba Inu Rival Burns 1,000,000,000,000,000 Tokens in Single Transaction in Push To Shrink Supply appeared first on The Daily Hodl.
The creator of smart contract platform Cardano (ADA) is clearing the air on the crypto project’s stance on burning tokens. In response to a social media user who had accused him of “ignorance,” Charles Hoskinson says that burning coins is tantamount to destroying other people’s property. Hoskinson says there aren’t any ADA reserves available to […]
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