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Of SHIB's surging burn rate and BONE's role in it all
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The recent examination of Shiba Inu’s [SHIB] burn rate revealed a significant surge in the past few days. Although some may attribute this to changes in the price and volume, Shibarium’s role cannot be discounted.
Shibarium has experienced a remarkable development in the past few days, marked by a surge in transactions on the Shiba Inu platform.
A network scan showed a daily influx of over 5 million new transactions since the 1st of December. It increased to over 7 million by the end of trading on the 4th of December.
The cumulative transactions within these four days surpassed 28 million, contributing to a network total of over 35 million transactions.
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Source: Shibariumsacn
This surge in transactions has also led to an increase in transaction fees, denominated in thousands of BoneShibaSwap [BONE] tokens as part of the SRC-20 minting process.
As reported by Shiba Inu, this process sets the stage for the highly anticipated SHIB token burn. This move explained the recent spike in the burn rate of SHIB.
Furthermore, the rise in active accounts on the network is noteworthy. After falling to around 1,300 on the 1st of December, the number surged to over 4,000 at press time, as indicated by the chart.
According to data from Shibburn, there has been a substantial surge in Shiba Inu’s burn rate within the last 24 hours. Over 8.3 billion SHIB tokens have been burned during this period, representing an impressive 1548111.1% increase in the burn rate.
Furthermore, the overall burn rate for the past seven days has seen an elevation due to the surge observed in the last 24 hours.
At the time of writing, the seven-day burn rate has risen by around 2565%, resulting in a total of over 8.5 billion SHIB tokens being burned.
This surge in the burn rate over the past 24 hours suggested that it could be one of the highest 24-hour SHIB burn rates in history.
AMBCrypto’s examination of the daily timeframe chart for SHIB showed its alignment with the broader market trend. The chart illustrated a cessation of its recent upward trajectory in the ongoing trading session.
As of this writing, it had declined by around 1.8% in value, following a series of gains.
Source: TradingView
The volume indicator on the chart highlighted significant trading activity on the 3rd and the 4th of December. However, the volume has since declined, as indicated by the volume indicator at the time of this writing.
CoinMarketCap’s data further showed a notable decline of over 40% in trading volume over the last 24 hours.
Despite this, the Relative Strength Index (RSI) signaled that SHIB had maintained a bullish trend at press time. Notably, the RSI trend has consistently stayed below 65, a positive indicator suggesting potential for further upward movement.
BONE has played a pivotal role in initiating the anticipated SHIB burn. An analysis of the daily timeframe chart revealed that BONE experienced an upward price trend in the past few days.
However, its decline has been more pronounced compared to Shiba Inu. At the time of this writing, the chart indicated a loss of over 5% in value, with BONE trading at approximately $0.72.
How much are 1,10,100 SHIBs worth today?
Despite this decline, the token managed to sustain itself within the $0.7 price range.
Source: TradingView
Similar to SHIB, BONE was in a bull run at press time, according to its Relative Strength Index (RSI). The RSI consistently remained below 65 as well, hinting at the potential for another uptrend.
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14.10.25 08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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14.10.25 08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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15.10.25 18:07
crypto
Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.
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15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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