Shiba Inu's Daily Burn Rate Surges, Weekly Burn Struggles

The SHIB ‘Inferno’ Index for Shiba Inu erupted with a 233% increase, fueled by the community burning 9 million tokens in a single day.

Shiba Inu's (SHIB) burn rate has seen a drastic increase over the last 24 hours, with the 'Shib Burn' index rising by 232.95%, according to recent data from Shibburn.

However, the weekly burn rate has shown a significant decrease, highlighting the volatility in SHIB's burn pace.

Shiba Inu's Daily Burn Rate Surges, Weekly Burn Struggles

As covered by U.Today earlier today, a recent tweet from Shibburn—a platform that tracks burn transfers for Shiba Inu (SHIB)—has announced a substantial increase in the SHIB burn rate over the last 24 hours.

According to the tweet, the members of the canine-themed dog army have managed to burn a total of 9,062,019 SHIB, ramping up the burn rate by a staggering 232.95%. This mass exodus of SHIB is being carried out at a rate that is sure to please any HODLer.

Seven transactions were required to complete this mass burn transfer, each moving a portion of the meme coin to dead-end wallets. The largest three of these transactions shifted 4,527,734, 3,577,935 and 1,918,753 SHIB respectively, sending these Shiba Inu coins to blockchain addresses that are designed to be unusable.

Shiba Inu's (SHIB) price is still attempting to recover from Friday's sharp drop, which saw the world's second-largest meme coin depreciate by 5.23%. This downturn followed a 2.7% decrease in the price of Bitcoin (BTC), which also saw meme coins like Dogecoin (DOGE) drop.

While Bitcoin's price decline was caused—at least in part—by news of a criminal investigation into Tether and new Middle Eastern tensions, SHIB managed to limit its losses and even post small gains.

As the week began, Bitcoin dropped to lows of $30,000, largely influenced by the news that the US government is now investigating Tether for fraud. This development comes after the recent sell-off that saw Bitcoin plunge by as much as 2.7% on Friday.

Bitcoin's price movements also affected the meme coin market, with both SHIB and DOGE posting losses on the day. However, SHIB managed to limit its跌幅 to a smaller degree than DOGE, which saw steeper losses.

Shibarium Introduces NFT Bridge, Streamlining Cross-Blockchain Transfers

In related news, Lucie SHIB, a SHIB marketing specialist, took to her X account this week to guide the community on how to bridge their NFTs from the Ethereum (ETH) blockchain to the Shibarium blockchain.

According to her, the NFT Bridge on Shibarium has finally made this possible in a streamlined manner. “First you go to the Shiba Inu Bridge site. Then connect your Ethereum wallet to Ethereum and proceed to connect it,” her post began.

After this, proceed to the Ethereum panel and locate the NFT Bridge under "Bridge NFTs." From there, you can select the token that you wish to bridge to Shibarium and begin the process of depositing it. Finally, review the transfer details and confirm the transaction in your Ethereum wallet.

Shiba Inu (SHIB) fiyatı, Bitcoin'in düşüşüne paralel olarak Cuma günü toplam değerde yüzde 5,23 oranında düşüş yaşadı. Bitcoin'in fiyatındaki düşüş, Tether hakkındaki dolandırıcılık soruşturmasıyla ilgili haberler ve Orta Doğu'daki yeni olumsuz gelişmeler gibi çeşitli faktörlerden kaynaklandı.

SHIB Fiyatı Zararlarını Telafi Ediyor

Amiral gemisi kripto para biriminin şu ana kadar yalnızca yüzdelik bir oran geri kazandığı fiyat düşüşünün aksine, SHIB zararlarını daha güçlü bir şekilde telafi ederek yüzde 2,03 oranında arttı.

İkinci büyük meme coin'i Cuma günü yaşanan düşüşte Bitcoin'in fiyatındaki yüzde 2,7'lik düşüşü takip ederek değer kaybetti. Bitcoin'in fiyatı, Tether hakkındaki cezai soruşturma haberleri ve Orta Doğu'daki yeni olumsuz gelişmeler gibi çeşitli faktörlerden etkilendi.

SHIB, amiral gemisi kripto para biriminin aksine zararlarını daha hızlı bir şekilde telafi ederek fiyatında küçük bir artış sağladı. Bitcoin, hafta başında 30.000 dolarlık düşük seviyelere gerilerken, bu düşüş büyük ölçüde Tether'in dolandırıcılık nedeniyle ABD hükümeti tarafından soruşturulduğuna dair haberlerden etkilendi.

Bitcoin'in fiyat hareketleri ayrıca meme coin pi