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Search Results for: burn

Shiba Inu Burn Surge Fuels Breakout Hopes Amid Consolidation

Shiba Inu (SHIB), the second largest memecoin by marketcap, has captured market attention with its recent price movements and a dramatic increase in its burn rate. Amid hitting two week high of $0.00001411, four days ago, SHIB bears took back control today, it is trading at $0.00001328 with a decline

September 17, 2024 2 mins read

Baby Doge Coin Announces Token Burn Following Binance Listing

Binance has expanded its offerings by listing Baby Doge Coin (BabyDoge) alongside Neiro and Turbo. This new listing has sparked significant interest, leading to an immediate price surge of 1MBABYDOGE. In a strategic move to boost its value further, Baby Doge Coin has announced that it will be conducting manual

September 17, 2024 2 mins read

Justin Sun’s SunSwap Burns Over $8M Worth of SUN Tokens

On September 4, Justin Sun, the founder of Tron, announced on X that SunPump has burned over $8 million worth of SUN tokens from its supply, with an additional $4 million set to be burned soon. In the last 24 hours, over 28,999,138.3071 SUN tokens valued at $819K have been

September 4, 2024 2 mins read

Justin Sun Announces 100% Onchain Buyback and Burn for SunPump

Tron founder Justin Sun has stated that the SunPump meme token community has chosen to implement a 100% onchain buyback and burn operation. The decision was reached after a community debate that shifted focus away from burning liquidity pool (LP) tokens, as stated in Sun’s post on X. The principle

September 3, 2024 2 mins read

Crypto Exchange Binance Burns 1.19B LUNC Tokens in 25th Burn Batch

After burning an additional 1.19 billion Terra Classic tokens, Binance’s LUNC burn totaled approximately $65 billion. In the midst of a wider crypto market selloff and discussions about validators violating chain rules, the price of Terra Classic token in spot and derivatives markets has not recovered this time. Binance, a

September 2, 2024 2 mins read

Dormant CoinBase User Sparks Attention with Significant Shib Burns

The Shibarium community is known to show a spur of activity apart from being an active cornerstone for the memecoin sector. Shiba Inu, the second largest memecoin in the market often garners market attention with its burn rates spiking multifold. In recent times, as of the last 24 hours, the

August 30, 2024 2 mins read

Is Shiba Inu’s Burn Rate Decline a Sign of Trouble Ahead?

Shiba Inu (SHIB), the world’s second-largest meme coin, has witnessed a significant decline in recent weeks, with its price falling by approximately 24% over the past 30 days. This drop has pushed its market capitalization below $8 billion, positioning SHIB as the 16th-largest cryptocurrency.  Meanwhile, the coin’s burn rate—a critical

August 19, 2024 2 mins read

Shiba Inu’s Burn Portal ‘ShibTorch’ Goes Live on Shibarium

The Shiba Inu ecosystem’s Shibarium is undergoing a massive transformation. The creators of the memecoin project have finally released the ShibTorch, a gateway for the automated burning of SHIB, after months of conjecture. The deployment of the auto burn function is one of the long-term pledges made by the ecosystem

August 17, 2024 2 mins read

SHIB Hits 18-Day Low Amid Active Token Burning Phase

The cryptocurrency market is currently experiencing a bearish phase, with the global crypto market cap dropping by 3.17%. Despite this, trading volume has increased by 21%. Bitcoin has hit a 13-day low of $63,573.63, declining by 3% in the past 24 hours. This downturn has affected altcoins, which have fallen

August 1, 2024 2 mins read