COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Shiba Inu: Shibburn Reveals Realistic Stats on SHIB Burn Campaign
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Shiba (SHIB) > Shiba Inu: Shibburn Reveals Realistic Stats on SHIB Burn Campaign
Shiba (SHIB)

Shiba Inu: Shibburn Reveals Realistic Stats on SHIB Burn Campaign

In Brief

  • Shibburn, the number one burn tracker of Shiba Inu, has revealed some statistics regarding the SHIB burn campaign, particularly the accumulation of BONE. This exposes the unrealistic capacity of Shibarium‘s SHIB burn.ContentsThe Future of Shibarium and ShibaShibarium’s SHIB Burn CapacityRecent Statistics and Inferences in Shibarium The Future of Shibarium and Shiba According to the shared […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Shibburn, the number one burn tracker of Shiba Inu, has revealed some statistics regarding the SHIB burn campaign, particularly the accumulation of BONE. This exposes the unrealistic capacity of Shibarium‘s SHIB burn.

Contents
The Future of Shibarium and ShibaShibarium’s SHIB Burn CapacityRecent Statistics and Inferences in Shibarium

The Future of Shibarium and Shiba

According to the shared tweet, Shibburn admitted that their previous estimate for accumulated BONE tokens, although not precise, was close to the actual value calculated using average price data.

Furthermore, a significant development occurred when Shibburn reestimated the blocks of the previous week. Quoting from the tweet, it stated that significantly higher gas fees were recorded in transactions, particularly between September 12th and 13th.

Shibburn mentioned the following in the tweet:

During this period, in some transactions where 60% to 70% of the 20,000,000 gas limit was used, gas fees were considerably high, especially in transactions made on September 12th and 13th.

Shibburn highlighted the possible reasons for the inconsistencies in the recorded values, drawing attention to the inconsistency in gas costs. Despite the disparity in transaction fees, Shibburn also clarified that the calculations include every possible transaction in the blockchain.

Shibburn further explained:

If these fees are inconsistent, the average adjustment for “necessary transactions” may not change significantly. In this calculation, all transactions that have paid relatively lower gas fees are taken into account, resulting in a higher estimate.

Shibarium’s SHIB Burn Capacity

According to the data obtained from Shibburn’s official watcher website on September 23rd, the accumulated BONE tokens in Shibarium were valued at $0.512013000539 and $0.401190858650.

The above figure reflects a significant increase from the previously estimated 0.0000089902 BONE token. It is worth noting that the above figure represents the BONE assets accumulated by the Shibarium blockchain for burning SHIB.

In addition, the watcher website revealed that Shibarium would need to complete approximately 5,386,218,017,637,552 (5.39 quadrillion) transactions to accumulate only $25,000 for the Shiba Inu burn project. If we question Shibarium’s SHIB burn capacity, $25,000 may be enough to burn only about 3.4 billion SHIB tokens.

Recent Statistics and Inferences in Shibarium

In addition to all of this, data obtained from Shibariumscan.io at the time of writing indicates a daily transaction of $38,450 in Shibarium Explorer. If these numbers remain relatively stable, it is stated that it would take 140,083,693,567 (140 billion) days to complete the initial burn transaction.

Source: https://coinstats.app/coins/shiba-inu/

140 billion days roughly translates to 384 million years. This can be considered an unrealistic timeframe required to achieve a significant burn rate and reflects how much the scaling solution network needs to grow to upgrade the burning project.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Shiba Inu Drives Demand by Reducing Token Supply

Shiba Inu Bounces Back Strongly with Institutional Support

Shiba Inu Battles Bearish Trends with Price Volatility

Shiba Inu Burn Rate Stalls, Impacting Market Dynamics

Shiba Inu Community Boosts Digital Payments with SHIB Pay

COINTURK NEWS 29 September, 2023 - 11:21 am 26 September, 2023 - 4:06 am
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin Supply Hits Lowest Level Since 2018: What Does It Mean?
Next Article Ethereum Faces Steep Decline Against Bitcoin
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Dive into the Volatile World of PEPE Coin and Discover Investors’ Unyielding Confidence!
Meme Token
DOGE Craze: Watch the Memecoin Surge with Technical Patterns
Dogecoin (DOGE)
Kraken Pro Ignites Pi Coin with Futures Trading Boost
Altcoin News
Solana Targets New Highs: Price Momentum Intensifies
Solana (SOL)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?