Shiba Inu (SHIB) surges on community-driven burning initiative, reducing token supply and boosting value. Market cap rises, caution advised due to RSI overbought status.
Xu LinAirDAO directs Treasury funds to AAVE & Compound investments, ECB token burning. Community-endorsed decision via Snapshot. AMB token sees 7% surge post-announcement.
Huang BoAmid a Shiba Inu price dip, a whale accumulates 1.44 trillion $SHIB tokens, worth $13.36 million, within two days. This coincides with increased token burning and a strategic partnership. Despite challenges, some analysts remain optimistic about SHIB's future.
EdmundThe practice of burning tokens has been a consistent strategy for Huobi since 2018, and as of October 15, 2023, a cumulative total of 301,002,441 HT has been burned.
JasperBinance plans to reduce LUNC trading fees from 100% to 50%. LUNC reacted negatively, shredding 12% on the day.
cryptopotatoImpressive Ethereum network metrics have not kept bears at bay. ETH staking and burning stats remain strong.
BeincryptoToken Burning is simply removing or destroying a reasonable amount of a project’s total supply.
NulltxMEXC Global has pledged to do a month-long buyback and burning to reduce the circulating supply of the old Terra markets.
CointelegraphShiba Inu devs launched a portal that will burn more SHIB tokens than ever before and reward burners for doing so.
CointelegraphOtherdeed NFTs top the “burn leaderboard” over the past seven days at roughly 55,816 ETH, or 56% of all burns during that period.
Cointelegraph