Shiba Inu

Shibarium DAO

Key Points:<ul><li>Record Weekly Burn: 8.5 billion SHIB tokens burned, a 1,517.48% surge.</li><li>Shibarium Milestone: Developers execute a groundbreaking 8.24 billion SHIB burn.</li><li>Market Dynamics: SHIB down 0.98% at $0.0000101, approaching key resistance zone.</li></ul>Shiba Inu’s weekly <a href="https://twitter.com/shibburn/status/1733724973859012965" rel="noopener noreferrer nofollow">burn rate</a> has experienced an astronomical surge, witnessing a staggering 1,517.48% spike as billions of SHIB tokens faced the fiery furnace.Over the past seven days, a jaw-dropping total of 8,531,983,464 SHIB tokens were incinerated in 58 transactions, resulting in a monetary value of $85,319. This marked a remarkable 17-fold increase from the preceding week, where just over half a billion SHIB tokens met their fiery end.The surge was primarily fueled by a monumental burn orchestrated by the<a href="https://cryptosnewss.com/shiba-inu-sets-crypto-ablaze-shibarium-burn-consumes-8-24-billion-shib-tokens/" rel="noopener noreferrer nofollow"> Shiba Inu</a> development team. In a groundbreaking move, the team executed the first-ever burn on Shibarium, dispatching an unprecedented 8,241,856,589 (8.24 billion) SHIB tokens to dead wallets in a single transaction, equivalent to $75,412.The daily burn rate also witnessed an astonishing 543.5% spike, with 148,026,556 SHIB tokens amounting to $1,514 being consumed in 34 transactions within the last 24 hours.Despite the burn frenzy, Shiba Inu’s market value experienced a slight dip of 0.98% in the past 24 hours, settling at $0.0000101 at the time of writing. Crypto analyst Ali noted that Shiba Inu has recorded a commendable 55% increase over the last three months, maintaining relative stability during the recent altcoin season._______________________________________________________________________________________Stay connected with us on <a href="https://news.google.com/publications/CAAqBwgKMLrrowwwzOOyBA" rel="noopener noreferrer nofollow">Google News</a>, <a href="https://t.me/cryptosnewsss" rel="noopener noreferrer nofollow">Telegram</a>, <a href="https://twitter.com/NewssCryptos" rel="noopener noreferrer nofollow">Twitter</a>, and <a href="https://www.facebook.com/profile.php?id&#61;100089949049302" rel="noopener noreferrer nofollow">Facebook</a> to stay updated on the latest developments and engaging discussions in the realm of CryptosNewss.Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.Originally published at <a href="https://cryptosnewss.com/shiba-inus-incendiary-surge-weekly-burn-skyrockets-over-1500/" rel="noopener noreferrer nofollow">https://cryptosnewss.com</a><a href="https://cryptosnewss.com/shiba-inu-sets-crypto-ablaze-shibarium-burn-consumes-8-24-billion-shib-tokens/" rel="noopener noreferrer nofollow"> </a>on December 11, 2023.

Shiba Inu’s Incendiary Surge: Weekly Burn Skyrockets Over 1,500%

Cryptos Newss

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