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A proposal to burn 50 million CRO tokens is under vote on the Cronos Network from 17 to 31 March 2025. Token burns reduce supply, often leading to price increases if demand remains stable. This vote could make CRO more attractive to traders, potentially leading to a price rally if passed. However, t…
The Shibburn data tracker, popular within the Shiba Inu community, has spread the word about a large spike in the weekly SHIB burn rate, where half a billion meme coins have been moved to unspendable wallets.Meanwhile, the price of the second most popular meme-themed cryptocurrency, SHIB, has experi…
According to a recent tweet issued by Shibburn, the weekly burn rate of the second largest meme cryptocurrency Shiba Inu has displayed a large four-digit increase, surpassing 2,000%.A single burn made by a SHIB team member earlier this week has pushed the weekly burn metric reading that high up.SHIB…
TiFi (TIFI) plans to burn 70 trillion tokens, a move that could potentially boost the token's price. Token burns can create scarcity, leading to increased demand if the community anticipates higher value. This substantial burn might attract attention as it reduces the total supply dramatically. Howe…
[PRESS RELEASE – Sydney, Australia, November 21st, 2024] The GMT DAO, an independent community organization of GMT holders, is excited to announce the launch of the GMT Burn Initiative—an event designed to place the future of GMT firmly in the hands of its community. Through this initiative, GMT hol…
Terra Classic registered double-digit growth last week, but the trend might change soon.
Tim Robinson, Head of Crypto Research at BlueYard Capital, has unveiled groundbreaking simulations indicating that Ethereum’s implementation of “blobs” could be exceptionally bullish for the long-term price of ETH. In a series of posts on X, Robinson highlighted how blobs could revolutionize Ethereu…
Shiba Inu, the Dogecoin killer, reverberated investor optimism across the broader crypto market on Friday, showcasing a colossal surge in the SHIB burn rate. Notably, the meme coin’s burn mechanism recorded a whopping 33,000% uptick today, sparking optimism as SHIB price surged over 20% in the past …
Crypto exchange Binance performed LUNC burn mechanism multiple times this month, sparking speculation in the Terra Luna Classic community. The exchange is the largest contributor, with 64.47 billion LUNC burned until now to support the revival of chain and price. Has Binance LUNC Burn Mechanism Revi…
The 7.8 million SHIB burn strategy could boost the memecoin if a key condition is met.
Lucie, the marketing lead for Shiba Inu, has responded to concerns about SHIB’s token supply, sharing a strategy for the future. The latest statement has sparked optimism in the community as enthusiasts expect a boost in SHIB price. Moreover, the community continued the burn efforts. Shiba Inu Exec …
Shiba Inu could witness a resurgence of increased burns from Shibarium following the launch of the much-anticipated Shiba Inu burn… The post Will Shiba Inu Hit $0.01 as Long-Awaited Shiba Inu Burn Portal Now Live first appeared on The Crypto Basic.