SHIB Burn Rate Spikes 1,193% as Shytoshi Kusama Teases Upcoming TREAT Launch

Data provided by an independent tracking platform Shibburn, which accumulates transaction data on Etherscan and then shares it on their website and X account

Shiba Inu (SHIB) has shown a massive spike in its burn rate, while its price has demonstrated a nearly 4% surge as it makes another attempt to break through the $0.00002177 resistance. At press time, SHIB trades at $0.00002173 per coin.

SHIB burns jump 1,193%

The above-mentioned data source announced an impressive SHIB burn rate surge over the last 24 hours – slightly more than 1,193%. That spike was driven by the removal of 6,037,310 SHIB from the circulating supply, a tweet from Shibburn revealed earlier today.

The two largest token burn transactions here carried 2,511,360 and 1,000,000 SHIB eighteen and sixteen hours ago, respectively.

As for weekly burns, the increase has been 72.74%, with a massive 76,236,965 SHIB scorched and locked in unspendable SHIB blockchain addresses.

HOURLY SHIB UPDATE

$SHIB Price: $0.00002372 (1hr -0.06% ▼ | 24hr -2.13% ▼ )

Market Cap: $13,977,981,987 (-1.97% ▼)

Total Supply: 589,257,014,659,157

TOKENS BURNTPast 24Hrs: 6,037,310 (1193.13% ▲)

Past 7 Days: 76,236,965 (72.74% ▲)

Shytoshi Kusama teases upcoming TREAT launchIn a recent X post, the mysterious leader of the SHIB developer team, known under the Japanese-styled pseudonym Shytoshi Kusama, stated that the upcoming launch of the much-anticipated Shibarium token TREAT will be “unlike any other launch” that the Shiba Inu team has done so far. He promised to reveal why today, on January 10, perhaps in an AMA session or in a tweet thread.

The $TREAT launch will be unlike any other launch we've done.

Why? Find out tomorrow.

But let's for now talk about WHY...one moment...

He also hinted at a major development or event related to the approaching official release of this token. In a tweet published earlier, another pseudonymous SHIB team executive—Lucie—published what seems to be the scheduled TREAT release date: 14 January 2025. On the same day, according to an X post, the US-based cryptocurrency exchange KuCoin is planning to list this new token.

TREAT

January 14,2025