{"id":518941,"date":"2023-02-07T15:00:20","date_gmt":"2023-02-07T15:00:20","guid":{"rendered":"https:\/\/wncen.com\/?p=518941"},"modified":"2024-06-11T07:48:10","modified_gmt":"2024-06-11T07:48:10","slug":"shiba-inu-burn-rate-plummets-traders-interest-shib","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/","title":{"rendered":"Shiba Inu Burn Rate Plummets, Are Traders Losing Interest In SHIB?"},"content":{"rendered":"

While Shiba Inu (SHIB) has been in an uptrend over the past weeks, other aspects of the token seem to be in a decline. According to data from <\/span>Shibburn<\/span><\/a>, a tracker for burned SHIB, the burn rate of SHIB has declined significantly in the past 24 hours.<\/span><\/p>\n

Shiba Inu<\/span><\/a> is the second-largest meme token in the global crypto market, and the token has since been one of the most hyped cryptos in the industry, having a large fanbase of over 3.6 million followers on Twitter.<\/span><\/p>\n

Shiba Inu (SHIB) Burn Rate Declines\u00a0<\/span><\/h2>\n

In the last 24 hours, the SHIB burn rate has declined 99.13% falling from more than 20 million SHIB tokens burned a day before to 205,000 since yesterday. Overall, the burn rate has performed poorly against the price of SHIB.<\/span><\/p>\n

Since the beginning of the year, SHIB has rallied over 60% crossing the $8 billion market capitalization once again and ranking 13th in the largest crypto by market cap. The token has recorded monthly highs along with the SHIB army\u2019s anticipation of the upcoming catalyst, the Shibarium Blockchain.<\/span><\/p>\n

Until now, the SHIB burn rate has maintained a meaningful streak of the number of SHIB burned with the day-to-day SHIB tokens burned, recording nothing less than one million burned daily since the start of 2023. The latest plummet in burn rate has begged speculation from the crypto community on if traders are beginning to lose interest in the meme coin.<\/span><\/p>\n

Related Reading: Shibarium Developers Say Each On-Chain Transaction Will Burn SHIB Tokens<\/a><\/p>\n

Meanwhile, some have suggested that the decline in SHIB burn rate could be a result of short-term traders gradually losing enthusiasm for SHIB and moving on to the next most hyped thing like AI tokens.<\/span><\/p>\n

In order not to lose all hope, most of the <\/span>SHIB army in the community<\/span><\/a> has preached that the launch of <\/span>Shibarium<\/span><\/a> could be just enough catalyst to attract another round of traders into buying the token and in contrast, revive the decline in burn rate.<\/span><\/p>\n

\"Shiba
Shiba Inu (SHIB) price is moving sideways on the 2-hour chart. Source: SHIB\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Notably, the total burned SHIB still stands at a high of 410 trillion with a circulating supply of 572 trillion. Currently, <\/span>SHIB<\/span><\/a> is in a downtrend, down by 3.9% in the last 24 hours and with a trading volume of $559 million over the same period.<\/span><\/p>\n

Shiba Inu\u2019s Shibarium Beta Launch Draws Near<\/span><\/h2>\n

So far, there hasn\u2019t been any official specified date on the day Shibarium will launch. However, there have been several hints from multiple sources. Last Friday, <\/span>t<\/span>he Unification Foundation gave an update on the Shibarium launch.<\/span><\/p>\n

Unification Foundation <\/span>noted<\/span><\/a> referring to Shibarium, \u201calthough the public beta network is yet to be deployed, that day is rapidly moving ever closer.\u201d\u00a0<\/span><\/p>\n

Related Reading: Why The Shiba Inu Community Is Signing A Petition For Binance To List BONE<\/a><\/div>\n

Other hints for the Shibarium launch have been speculated by the community <\/span>suggesting the launch date to be February 14<\/span><\/a>, due to a cryptic tweet posted by <\/span>\u00a0Shiba Inu lead developer Shytoshi Kusama<\/span>, which is now deleted. The tweet read, \u201cQuickly learning to play the flute before putting Shibarium in a heart-shaped box with a bow.\u201d<\/span><\/p>\n

Featured image from Shutterstock, Chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

While Shiba Inu (SHIB) has been in an uptrend over the past weeks, other aspects of the token seem to be in a decline. According to data from Shibburn, a tracker for burned SHIB, the burn rate of SHIB has declined significantly in the past 24 hours. Shiba Inu is the second-largest meme token in the global crypto market, and the token has since been one of the most hyped cryptos in the industry, having a large fanbase of over 3.6 million followers on Twitter. Shiba Inu (SHIB) Burn Rate Declines\u00a0 In the last 24 hours, the SHIB burn rate has declined 99.13% falling from more than 20 million SHIB tokens burned a day before to 205,000 since yesterday. Overall, the burn rate has performed poorly against the price of SHIB. Since the beginning of the year, SHIB has rallied over 60% crossing the $8 billion market capitalization once again and ranking 13th in the largest crypto by market cap. The token has recorded monthly highs along with the SHIB army\u2019s anticipation of the upcoming catalyst, the Shibarium Blockchain. Until now, the SHIB burn rate has maintained a meaningful streak of the number of SHIB burned with the day-to-day SHIB tokens burned, recording nothing less than one million burned daily since the start of 2023. The latest plummet in burn rate has begged speculation from the crypto community on if traders are beginning to lose interest in the meme coin. Related Reading: Shibarium Developers Say Each On-Chain Transaction Will Burn SHIB Tokens Meanwhile, some have suggested that the decline in SHIB burn rate could be a result of short-term traders gradually losing enthusiasm for SHIB and moving on to the next most hyped thing like AI tokens. In order not to lose all hope, most of the SHIB army in the community has preached that the launch of Shibarium could be just enough catalyst to attract another round of traders into buying the token and in contrast, revive the decline in burn rate. Notably, the total burned SHIB still stands at a high of 410 trillion with a circulating supply of 572 trillion. Currently, SHIB is in a downtrend, down by 3.9% in the last 24 hours and with a trading volume of $559 million over the same period. Shiba Inu\u2019s Shibarium Beta Launch Draws Near So far, there hasn\u2019t been any official specified date on the day Shibarium will launch. However, there have been several hints from multiple sources. Last Friday, the Unification Foundation gave an update on the Shibarium launch. Unification Foundation noted referring to Shibarium, \u201calthough the public beta network is yet to be deployed, that day is rapidly moving ever closer.\u201d\u00a0 Related Reading: Why The Shiba Inu Community Is Signing A Petition For Binance To List BONE Other hints for the Shibarium launch have been speculated by the community suggesting the launch date to be February 14, due to a cryptic tweet posted by \u00a0Shiba Inu lead developer Shytoshi Kusama, which is now deleted. The tweet read, \u201cQuickly learning to play the flute before putting Shibarium in a heart-shaped box with a bow.\u201d Featured image from Shutterstock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":515212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[6664,84471,86578,87680],"class_list":["post-518941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-crypto","tag-meme-coin","tag-shiba-inu-shib","tag-shibarium"],"acf":[],"yoast_head":"\nShiba Inu Burn Rate Plummets, Are Traders Losing Interest In SHIB?<\/title>\n<meta name=\"description\" content=\"While Shiba Inu (SHIB) has been in an uptrend over the past weeks, other aspects of the token seem to be in a decline. According to data from Shibburn, a According to data from Shibburn, a tracker for burned SHIB, the burn rate of SHIB has declined significantly in the past 24 hours\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu Burn Rate Plummets, Are Traders Losing Interest In SHIB?\" \/>\n<meta property=\"og:description\" content=\"While Shiba Inu (SHIB) has been in an uptrend over the past weeks, other aspects of the token seem to be in a decline. According to data from Shibburn, a According to data from Shibburn, a tracker for burned SHIB, the burn rate of SHIB has declined significantly in the past 24 hours\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-07T15:00:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:48:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250\" \/>\n\t<meta property=\"og:image:width\" content=\"350\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Shiba Inu Burn Rate Plummets, Are Traders Losing Interest In SHIB?\",\"datePublished\":\"2023-02-07T15:00:20+00:00\",\"dateModified\":\"2024-06-11T07:48:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/\"},\"wordCount\":547,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250\",\"keywords\":[\"crypto\",\"meme coin\",\"Shiba Inu (SHIB)\",\"Shibarium\"],\"articleSection\":[\"Shiba Inu Coin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/\",\"url\":\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/\",\"name\":\"Shiba Inu Burn Rate Plummets, Are Traders Losing Interest In SHIB?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250\",\"datePublished\":\"2023-02-07T15:00:20+00:00\",\"dateModified\":\"2024-06-11T07:48:10+00:00\",\"description\":\"While Shiba Inu (SHIB) has been in an uptrend over the past weeks, other aspects of the token seem to be in a decline. According to data from Shibburn, a According to data from Shibburn, a tracker for burned SHIB, the burn rate of SHIB has declined significantly in the past 24 hours\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250\",\"width\":350,\"height\":250,\"caption\":\"Shiba Inu\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shiba Inu Burn Rate Plummets, Are Traders Losing Interest In SHIB?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Shiba Inu Burn Rate Plummets, Are Traders Losing Interest In SHIB?","description":"While Shiba Inu (SHIB) has been in an uptrend over the past weeks, other aspects of the token seem to be in a decline. According to data from Shibburn, a According to data from Shibburn, a tracker for burned SHIB, the burn rate of SHIB has declined significantly in the past 24 hours","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/","og_locale":"en_US","og_type":"article","og_title":"Shiba Inu Burn Rate Plummets, Are Traders Losing Interest In SHIB?","og_description":"While Shiba Inu (SHIB) has been in an uptrend over the past weeks, other aspects of the token seem to be in a decline. According to data from Shibburn, a According to data from Shibburn, a tracker for burned SHIB, the burn rate of SHIB has declined significantly in the past 24 hours","og_url":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-02-07T15:00:20+00:00","article_modified_time":"2024-06-11T07:48:10+00:00","og_image":[{"width":350,"height":250,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Shiba Inu Burn Rate Plummets, Are Traders Losing Interest In SHIB?","datePublished":"2023-02-07T15:00:20+00:00","dateModified":"2024-06-11T07:48:10+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/"},"wordCount":547,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250","keywords":["crypto","meme coin","Shiba Inu (SHIB)","Shibarium"],"articleSection":["Shiba Inu Coin"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/","url":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/","name":"Shiba Inu Burn Rate Plummets, Are Traders Losing Interest In SHIB?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250","datePublished":"2023-02-07T15:00:20+00:00","dateModified":"2024-06-11T07:48:10+00:00","description":"While Shiba Inu (SHIB) has been in an uptrend over the past weeks, other aspects of the token seem to be in a decline. According to data from Shibburn, a According to data from Shibburn, a tracker for burned SHIB, the burn rate of SHIB has declined significantly in the past 24 hours","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250","width":350,"height":250,"caption":"Shiba Inu"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Shiba Inu Burn Rate Plummets, Are Traders Losing Interest In SHIB?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Burn Rate Plummets, Are Traders Losing Interest In SHIB?","url":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-plummets-traders-interest-shib\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","meme coin","shiba inu (shib)","shibarium"],"dateCreated":"2023-02-07T15:00:20Z","datePublished":"2023-02-07T15:00:20Z","dateModified":"2024-06-11T07:48:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Burn Rate Plummets, Are Traders Losing Interest In SHIB?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-burn-rate-plummets-traders-interest-shib\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-burn-rate-plummets-traders-interest-shib\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/SHIB-Shibarium.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/SHIB-Shibarium.jpg?fit=350%2C250\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"meme coin\",\"shiba inu (shib)\",\"shibarium\"],\"dateCreated\":\"2023-02-07T15:00:20Z\",\"datePublished\":\"2023-02-07T15:00:20Z\",\"dateModified\":\"2024-06-11T07:48:10Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/518941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=518941"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/518941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/515212"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=518941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=518941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=518941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}