Massive increase of Shiba Inu tokens to the tune of 329,633,128 in a single week - Understanding the ongoing trends?
Heyy there, Dearest Crypto Enthusiast! Let's get right into the latest scoop on Shiba Inu (SHIB), shall we?
First things first, the burn rate for SHIB coins is off the charts, zooming up by an outrageous 385% in the past week! Over 329 million SHIB tokens have been torched, which is a whooping 18 times more than the week before, as per Shibburn, a popular wallet tracker. The biggest burn ever in this period was a whopping 263 million SHIB!
Now, take a deep breath, as things are about to get interesting—according to the numbers, there's an unbelievable 584 trillion SHIB tokens still circulating. Yep, you read that right – 584 trillion! But don't fret, as 411 billion SHIB have already been sent to the great crypto afterlife, thanks to various burning initiatives like Shibarium and built-in burning mechanisms within the ecosystem![1][2]
But, here's the catch: despite the insane burn rate, SHIB is still far from its desired price of $0.01. The team is aware of the challenges and has warned the SHIB army to be wary of crypto scams. Lucie (the official marketing lead of the Shiba Inu team) has emphasized the importance of researching projects thoroughly before investing, and not sharing personal data with those claiming to be SHIB team members.[3]
To top it off, Coinbase jumped into the scene by purchasing Deribit for approximately $3 billion. And Bitcoin? Well, it's breaking its all-time high record for the third week in a row, leaving us all wondering what more surprises this wild world of crypto has in store for us![4][5]
Remember, enjoy the ride but always stay informed!
[1] https://medium.com/coinultimate/shiba-inu-snapshot-analysis-potential-impact-of-shibarium-ecosystem-2ef4f24204d[2] https://utoday.info/2025/04/28/shiba-inu-targeting-jump-to-0-01-as-burn-rate-soars[3] https://blockchain-center.net/shiba-inu-warns-community-against-scams/[4] https://www.wsj.com/articles/coinbase-to-acquire-cryptocurrency-Options-exchange-deribit-for-nearly-3-billion-11679517926[5] https://utoday.info/2025/05/03/update-shiba-inu-price-prediction-what-to-expect-from-the-meme-coin-as-it-continues-to-burn/
- The cryptocurrency Shiba Inu (SHIB) has seen an astonishing 385% increase in its burn rate over the past week, with over 329 million tokens being destroyed.
- Despite this impressive burn rate, SHIB is still a long way from reaching its desired price of $0.01, with an astonishing 584 trillion tokens still in circulation.
- As a precaution, the Shiba Inu team has urged its community to be cautious of fraudulent activities and emphasized the importance of thorough research before investing in any projects.
- Coinbase has entered the scene by purchasing Deribit for approximately $3 billion, while Bitcoin continues to break its all-time high record for the third week in a row.
- Ethereum and other cryptocurrencies are also part of the ever-evolving world of finance and technology, making it crucial for investors to stay informed and updated.
- As SHIB tokens are being continually destroyed through burning initiatives like Shibarium, the total SHIB circulation is dwindling, with 411 billion tokens already having been sent to the 'crypto afterlife.'
- Recently, there's been a surge in the trading activity of various tokens, highlighting the increased interest in crypto and the ongoing growth of the digital finance sector.
