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Search Results for: burn

BlockDAG’s $56.9M Milestone Signals A New Era; Overtakes SHIB’s Enhanced Burns And Cardano’s Green Initiatives

In the cryptocurrency realm, notable players such as Shiba Inu, Cardano, and the innovative BlockDAG are making significant strides. Shiba Inu is intensifying its token burns, potentially signaling a price boost, while Cardano introduces eco-friendly updates in line with impending EU regulations. Meanwhile, BlockDAG debuts advanced mining technology that promises

July 10, 2024 4 mins read

Shiba Inu Marketing Lead Teases Collaboration, Hinting at Major SHIB Burns

In an exciting development for the Shiba Inu community, Lucie, the outspoken marketing specialist for the Shiba Inu ecosystem, has shared an update that could potentially lead to substantial SHIB burns. The marketing lead revealed that she is currently working on a special project with Shibacals, a venture focused on

July 2, 2024 2 mins read

Binance Burns 1.7 Billion LUNC Tokens in Latest Burn Event

In Monday’s most recent burn event, crypto exchange, Binance, burnt 1.7 billion Terra Luna Classic (LUNC) tokens. The exchange has burnt over 62 billion LUNC so far, after the 23rd batch of the LUNC burn mechanism. According to the burn transaction that took place on July 1, Binance burnt 1.7

July 1, 2024 1 min read

Terra Luna Classic Community Proposes 12B LUNC and 68M USTC Burn

In order to deplete the supply, the Terra Luna Classic community proposes to burn 12 billion LUNC and 68 million USTC in contracts. Which include the Lido DAO rewards dispatcher. As part of the effort to revive and repeg to $1. The community has begun withdrawing LUNC and USTC from

June 29, 2024 2 mins read

Jupiter’s J4J Plan Aims to Boost JUP Value with 30% Supply Burn

While the global crypto market is bleeding, Jupiter, a leading DEX aggregator, has unveiled a bold proposal aimed at stabilizing its native cryptocurrency, JUP. Meow, the co-founder of Jupiter, who goes by that name on X (formerly Twitter), introduced the J4J plan, which advocates for a 30% reduction in JUP’s

June 20, 2024 2 mins read

Shiba Inu Burn Rate Spikes 2800% Amidst SHIB Price Decline

Despite a 4.23% drop in Shiba Inu’s price, the memecoin displayed a 2,800% rally in its burn rate over the past 24 hours, removing nearly 8 million tokens from circulation. More than half of this amount was burned in a single transaction about 21 hours ago. The burning mechanism will

June 11, 2024 2 mins read