Shib Army Calls For Token Burn On Binance, Coinbase
According to a post on X by the Shiba Arab Army, Shiba Inu is considering a new token burn initiative on Binance and Coinbase. Despite the recent bearish trend, this news has generated substantial optimism regarding the future price movements of Shiba Inu. Therefore, we should examine this new SHIB fire initiative in greater detail. […]
SHIB Burners Reduce Supply as Shibarium Grows: Price Impact?
Shiba Inu community continues to reduce the circulating supply of SHIB by burning tokens on a daily basis. The SHIB burn rate has surged by 111% in the last 24 hours. Meanwhile, Shibarium reached over 3.5 million transactions. Read more about the latest developments in Shiba Inu and its ecosystem below. The Shiba Inu community […]
Flare Network to Burn 2.1B Tokens to Strengthen Ecosystem
Flare Network has decided to destroy 2.1 billion FLR tokens to strengthen its ecosystem and ensure fairness. This initiative aims to protect the community’s interests and represents a significant milestone in the evolution of Flare Network. Flare Network has taken a pivotal step in bolstering the ecosystem’s vitality by burning 2.1 billion FLR tokens, or […]
Binance Burns $480 Million Worth of BNB
Following its 24th quarterly burn, Binance destroyed 1,99 million BNB tokens. The Auto-Burn system executes this burn to maintain the 100,000,000 BNB token supply. The market value of the burnt tokens is $484,160,000. This is a Binance initiative to reduce the number of BNB tokens circulating. The burn is carried out by an Auto-Burn mechanism, […]
WazirX Confirms Binance’s Role in WRX Token Management
WazirX, an Indian cryptocurrency exchange, has admitted that Binance controls its WRX token and has failed to conduct quarterly burns for five consecutive quarters. WazirX has revealed in a recent blog post that Binance controls the WRX token. The post sheds light on the IEO and the subsequent management of the token Binance’s failure to conduct […]