Shiba Inu Burn Rate Down to 0%, What's Happening?

CN
U.today
Follow
1 day ago

On July 1, Shiba Inu printed an unusual burn case as the latest data from the Shibburn platform that tracks SHIB burn transactions shows that the SHIB burn rate has fallen to zero over the last day.


The SHIB burn activity stands as the project’s deflationary mechanism that is targeted at reducing the supply of SHIB tokens from circulation, thereby fueling a potential surge in the token’s market value.


Per the data, SHIB burn rate is at 0% during the latter hours of Tuesday. While the metric coincides with a notable fall of 3.56% in the token’s price, it has fueled concerns among investors about the token's momentum and its near-term deflationary prospects.


HOT Stories Shiba Inu Burn Rate Down to 0%, What's Happening? $69.5 Million Bitcoin ETF Holder Files for IPO Dogecoin (DOGE) Rockets 3,444% in 4-Hour Liquidation Imbalance Tether Treasury Moves $100 Million to Bitfinex

Millions of SHIB gone


The flat trend in SHIB’s burn rate has sparked curiosity across the crypto ecosystem as the data shows that a substantial amount of meme coins were transferred to unspendable wallets during the same period.



You Might Also Like
Tue, 07/01/2025 - 16:00 Mega Death Cross Threatens to Send Shiba Inu (SHIB) into Freefall ByGamza Khanzadaev

The SHIB on-chain metric over the last day projects a surprising dynamic as the burn activities executed during the period saw a massive 23,767,887 SHIB meme coins sent out of circulation. Yet, the burn rate shown by the data source sits at the zero level, stirring debates among market participants.



Source: Shibburn 

However, it is important to note that the zero burn rate is in a positive zone as it was marked in green rather than red. While this is not the first time Shiba Inu has experienced a zero reading of its burn rate, the data source has either showcased them as green or red, indicating whether the rate is positive or negative.


Sometimes, flat burn rates projected by the data source might not necessarily be due to stagnated movement in the token’s burn activity. Oftentimes, they have been traced to cases of a system glitch that hits the website from time to time.


Nonetheless, further data provided by the sources show that the total SHIB destroyed over the last 24 hours happened in seven separate burn transactions. The two largest transactions carried 100,000 SHIB and 5,654,684 SHIB, respectively.


However, the earlier burn transactions for the day saw the SHIB tokens sent to unspendable wallets in minimal bits. The first two burn transactions executed over the last day carried only 5 SHIB tokens each.


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

ad
出入金首选欧易,注册立返20%
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink