Tremendous 329,633,128 SHIB In One Week

By: bitcoin ethereum news|2025/05/08 07:45:02
0
Share
copy
Burn rate jumps 385%, with 329.6 million SHIB torched Scam warning to SHIB army from team According to data published by the popular wallet tracker Shibburn, over the past week, a mammoth amount of SHIB meme coins has been driven out of the market and out of circulation. The SHIB burn rate displayed a three-digit increase. Burn rate jumps 385%, with 329.6 million SHIB torched The aforementioned data source revealed that over the past week, the SHIB community managed to dispose of an astounding lump of meme coins – 329,633,128 SHIB. That helped to lift the weekly SHIB burn rate by 358.82%. The largest single amount of Shiba Inu meme coins burned over this period was 263,709,608 SHIB, and it was transferred to an unspendable wallet seven days ago. That burn was followed by substantial ones that destroyed 15,695,312 and 16,537,925 SHIB. HOURLY SHIB UPDATE $SHIB Price: $0.00001288 (1hr 1.05% ▲ | 24hr 1.96% ▲ ) Market Cap: $7,587,765,510 (1.92% ▲) Total Supply: 589,251,657,804,447 TOKENS BURNT Past 24Hrs: 420,814 (-97.49% ▼) Past 7 Days: 329,633,128 (358.82% ▲) — Shibburn (@shibburn) May 7, 2025 As for the daily burn rate, it is currently in the red zone, showing minus 97.49%, according to Shibburn. Earlier, U.Today reported a staggering daily SHIB burn rate jump of six digits – 468,968%. It was achieved thanks to the community burning 18,851,865 SHIB. As of now, there are 584,422,998,412,933 SHIB left circulating the market. A total of 410,748,342,195,552 SHIB from the original one-quadrillion supply has been burned already. The majority of it was moved to dead wallets in May 2021 by Ethereum cofounder Vitalik Buterin after 500 trillion SHIB were presented to him by mysterious SHIB founder Ryoshi. You Might Also Like Scam warning to SHIB army from team The official marketing lead of the Shiba Inu team, know to the community as Lucie, has addressed the SHIB army to warn it against the danger of cryptocurrency scams. Lucie reminded the community about the existence of scammers in the cryptocurrency space. She stated that it is necessary to learn from mistakes: “You learn. You remember. You don’t forget.” DYOR is a popular acronym among crypto enthusiasts, standing for “do your own research.” Scammers exist. Sure. But I believe in the natural intelligence of people. You get screwed once? You watch a scam once? You learn. You remember. You don’t forget. That’s how it works. Fool me once... good luck doing it twice. Check out https://t.co/KBMdomim9y pic.twitter.com/EWPSlgYtXX — LUCIE (@LucieSHIB) May 7, 2025 It is crucial to verify all fraudulent looking projects, SHIB ecosystem tokens, giveaways, etc. The regular set of security rules also includes avoiding connecting wallets to dubious websites and sharing personal data with scammers pretending to be SHIB team members. Source: https://u.today/tremendous-329633128-shib-in-one-week-whats-happening

You may also like

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

AI Agents in Action Summit: March 31, Hong Kong Cyberport, focusing on the deep waters of AI implementation

Tomorrow, Hong Kong Cyberport will grandly open. The "AI Agents in Action" summit gathers top experts, directly addressing the real evolution of AI Agents from conceptual celebration to productization and large-scale commercial implementation.

29 Days In, What Are America’s Options on Iran?

The key is not in ground invasion but in the combination of striking capability and governance.

Flash Crash Down 97%+ with Ongoing Unlocking, WLD Completes $65 Million Off-chain Funding: Who Is Still Buying?

In the current deep bear market environment, being able to complete multi-million dollar token trades is quite rare.

Popular coins

Latest Crypto News

Read more