Single Wallet Burns 247 Million Shiba Inu: Burn Rate Spikes 1500%

Shiba Inu Signals Approaching a Monumental SHIB Burn

According to information on Etherscan.io, a wallet identified as “cultpunks.eth” disposed of a massive amount of 246.74 million units of SHIB in a single transaction about three hours ago from the time of this writing. As a result of this action, the rate at which tokens are being burnt has risen by a significant 1549.47% […]

Shiba Inu: FTX Hacker Traded 400 Billion SHIB for Ethereum

Shiba Inu and Twitter

The FTX predicament is just getting worse. PeckShield claims that an address marked “FTX Accounts Drainer” exchanged 2346 ETH for 400 Billion Shiba Inu (SHIB) tokens, valued at $3.9 Million. Ethereum is worth $2.9 million, so the address lost around $1 million.  On November 12, a few hours after the FTX attack, 400 billion Shiba […]

Introduction to NFT Smart Contracts for Beginners

Introduction to NFT Smart Contracts for Beginners

If you’ve been following the NFT industry closely, you’ve probably at least come across the term “smart contract.” When people think of smart contracts, they think of a technical term that has nothing to do with it. In reality, however, NFT smart contracts are very important (if not the most important) in your NFT journey. […]

Ethereum’s Hashrate Reaches New All-Time High While Reducing Selling Pressure

Ethereum's Hashrate Reaches New All-Time High While Reducing Selling Pressure

The increase in activity of decentralized applications and large NFT projects which uses Ethereum blockchain has made Ethereum still the most widely used chain in the blockchain industry, which is related to the level of fees that are attracting more and more miners from around the world. Ethereum’s Hashrate Reaches the High of 812,768.9228 GH/s […]