Shiba

Wednesday

Million

Shiba Inu

Daily

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p lang="en-GB" xml:lang="en-GB">Shibburn tracking platform has issued an X post informing the crypto community about the number of SHIB meme tokens that have been <a href="https://u.today/shib-burn-rate-springs-456-price-reacts-by-printing-big-rise" rel="noopener noreferrer nofollow">scorched over the last week</a> and within the past 24 hours.</p>
<h2 id="more-than-100-million-shib-removed">More than 100 million SHIB removed</h2>
<p lang="en-GB" xml:lang="en-GB">The Shiba Inu community has managed to dispose of 130,903,382 SHIB over the past seven days in total, but this was not enough to keep the weekly burn rate up after billions of SHIB were removed from the supply on a weekly basis earlier this fall. Currently, the weekly burn rate shows minus 43.33%.</p>
<p lang="en-GB" xml:lang="en-GB">As for the SHIB lump transferred to "inferno" blockchain wallets since last morning, this figure constitutes 5,947,922 SHIB, which is minus 34.98% for the daily burn rate. This amount of SHIB was destroyed in four transactions, two of them carrying 4,676,501 and 1,234,567 Shiba Inu meme coins.</p>
<blockquote>
 <p lang="en" dir="ltr">HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> Price: $0.00000831 (1hr -0.33% ▼ | 24hr 1.39% ▲ )Market Cap: $4,896,215,025 (1.14% ▲)Total Supply: 589,337,195,557,284TOKENS BURNTPast 24Hrs: 5,947,922 (-34.89% ▼)Past 7 Days: 130,903,382 (-43.33% ▼)</p>— Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1728367977471357006?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 25, 2023</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">Earlier this week, the burn rate of Shiba Inu demonstrated <a href="https://u.today/shiba-inu-shib-records-gigantic-47872-burn-rate-jump-as-key-milestone-beckons" rel="noopener noreferrer nofollow">astounding surges by 47,872%</a> with 28,129,380 SHIB destroyed and 456%, when 11,134,759 SHIB coins were locked in dead-end blockchain addresses.</p>
<h2 id="shiba-inu-price-weekly-performance">Shiba Inu price weekly performance</h2>
<p lang="en-GB" xml:lang="en-GB">Since Wednesday this week, the second largest canine cryptocurrency by market capitalization value SHIB gained 7.79% as it rose from <a href="https://www.tradingview.com/symbols/SHIBUSDT/" rel="noopener noreferrer nofollow">$0.00000773 to the $0.000008834 level</a>, where it is changing hands at the time of this writing.</p>
<p lang="en-GB" xml:lang="en-GB">This week, the Layer-2 solution Shibarium demonstrated several new highs — the total count of daily transactions surpassed the $4,100,000 milestone. Daily transfers also saw a major rise, reaching a peak of 43,690 on Nov. 23, according to the <a href="https://www.shibariumscan.io/" rel="noopener noreferrer nofollow">Shibariumscan explorer</a>.</p>

Over 100 Million SHIB Burned This Week, Here's What Turn Shiba Inu Price Took

Table of Contents

U_Today

Other articles published on Nov 25, 2023

Binance Coin Price Prediction: Will $225 Key Support Spark $BNB Revival?

EBA Cracks Down on Crypto Misuse with New Guidelines

Bitcoin and Altcoin Outflows on Binance, Cause for Concern Among Investors?

What if Avalanche (AVAX) had Solana’s (SOL) market cap?

Key Takeaways from OpenAI DevDay and the Influence of GPT on Cryptocurrency Projects

The IEO session for Crypto AI Robo / CAIR Token is in progress on P2B

Join our free newsletter for daily crypto updates!