Ethereum Founder Burns Billions Worth Of Coins
Ethereum founder Vitalik Buterin announced that he has destroyed trillions of SHIB coins. He burned approximately 420 trillion worth of SHIB coins. This translates to about $6 billion worth of coins. According to Buterin, this was about 90% of his entire portfolio of SHIB coins. The creator of SHIB sent the coins to Buterin in […]
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Binance has now burned over $300 million worth of crypto coins in its quarterly burns. The Binance burn consisted of 1,296,728 BNB burned, and an additional 5,163 burned as part of the Binance Pioneer Burn Program. Keeping its promise of helping out developers on the Binance Smart Chain who, by honest mistake, lost their BNB […]
Approximately 25 days ago, the Ethereum blockchain implemented the London hard fork and a number of features were added to the ruleset. One of the most anticipated changes was EIP-1559 which makes the crypto asset ether deflationary by burning a fraction of coins. Since August 5, over $432 million worth of ether has been burned, and at the time of writing, 136,606 ether has been burned.
Over $432 Million in Ethereum Burned
The Ethereum (ETH) blockchain is the second most valuable crypto market in terms of market valuation. Out of the $2.14 trillion market capitalization of all....
While crypto-asset markets have shed billions during the last week, the top meme tokens coins by market capitalization have seen deeper losses than most coins. The top two meme digital assets dogecoin and shiba inu have seen double-digit losses during the last seven days. The top meme tokens coins by market capitalization today are worth $60.7 billion losing 3.5% in value over the last 24 hours.
Dogecoin and Shiba Inu Lose Double-Digits Last Week
During the course of the year, meme-based crypto assets were all the rage and many of them have gained significant value in 2021.
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One of the most important events in the history of Shiba Inu was when Ethereum founder Vitalik Buterin had sold billions worth of SHIB tokens that were sent to him by the founders of the meme coin. It inevitably was the major catalyst for the price rally of the meme coin that followed not too […]
The Ethereum upgrade introduced a mechanism that burns ETH every minute from transactions. Moreover, the recent frenzy and interest in NFTs have also taken the issue to another level. On 15th August 2021, the network recorded the highest burn rate of about 27.9 ETH/per minute. This amount came up as Ethereum users competed desperately for […]