Shiba Inu Soars 12% With SHIB Burns Printing 4-Digit Rise: Details

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

As 2024 began, the SHIB team started testing a new automated mechanism for burning SHIB tokens on the Shibarium testnet. While doing that, the developers burned several tens of billions of SHIB thanks to the saved up gas fees. Transaction fees on Shibarium are paid in BONE and then part of them gets converted into SHIB to be sent to unspendable wallets for good.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shiba Inu: Crucial Warning About Top SHIB Dev Sent out to Shiba Inu CommunityShiba Inu community has been given major warning about top SHIB dev Kaal Dhairya
Source: Utoday_en - 🏆 295. / 63 Read more »

SHIB Burn Rate Skyrockets 1,344% Amid Significant Price ShiftShiba Inu burn rate soars by staggering 1,344%, stoking optimism for SHIB price
Source: Utoday_en - 🏆 295. / 63 Read more »

Shiba Inu (SHIB) Hits Major Milestone of 4 Million Total AddressesShiba Inu major milestone unleashed as SHIB adoption soars
Source: Utoday_en - 🏆 295. / 63 Read more »

Shiba Inu (SHIB) in Recovery Mode as Open Interest SurgesShiba Inu (SHIB) Open Interest soars 2.61% amid sustained revival push
Source: Utoday_en - 🏆 295. / 63 Read more »

Shiba Inu Burn Rate Soars 90% Daily: SHIB Price Rally Incoming?Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Essential Shiba Inu Indicator Soars by 80%: Is the SHIB Price Ready for a Rally?Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »