2024-3-3 16:18 |
As reported last week, the burn removes 2% of the tokens from the circulating supply. origin »
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Shiba Inu is among the tokens that use a burning mechanism. It has continually burnt millions of SHIBs to balance its demand and supply, sometimes pushing the price slightly. The network removed 490 million SHIBs in one day in this latest burn.
2023-3-13 07:00 | |
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SHIB army has started off 2023 by burning large chunks of Shiba Inu
2023-1-2 13:10 | |
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Shib burn rate has increased tremendously in past 24 hours after poor weekly burn statistics
2022-9-12 15:43 | |
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Uniswap’s Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20 over concerns about price speculation.
Some 198 million FLR will be burned immediately with a further 66 million set to be burned monthly until January 2026.
Binance announced its 24th binance coin (BNB) burn while the asset consolidated in the red zone. More than 1.99 million tokens were burned, with a total value of over $484 million at the time of the transaction. The burnt assets…
OKX periodically buys back and burns the tokens to gradually reduce their supply on the open market.
ETH’s correlation with tech stocks, its increasing total value locked and its deflationary token economics all suggest that the path to $2,000 is programmed.
According to the crypto exchange, the burn was the equivalent of 1,863,213.47 USDT — roughly 5.5 million LUNC.