{"id":525445,"date":"2023-04-03T21:00:04","date_gmt":"2023-04-03T21:00:04","guid":{"rendered":"https:\/\/wncen.com\/?p=525445"},"modified":"2024-06-11T07:48:26","modified_gmt":"2024-06-11T07:48:26","slug":"shiba-inu-continues-rally-as-shib-burn-rate-spikes-over-20-in-the-past-day","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-continues-rally-as-shib-burn-rate-spikes-over-20-in-the-past-day\/","title":{"rendered":"Shiba Inu Continues Rally As SHIB Burn Rate Spikes Over 20% In The Past Day"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Over the past 24 hours, a significant amount of Shiba Inu (SHIB) has been <\/span><a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-burn-rate-plummets-traders-interest-shib\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">burned<\/span><\/a><span style=\"font-weight: 400\"> via transactions. SHIB has surged by nearly 4% in the past day, emerging as the second highest gainer among large crypto by market cap after Dogecoin (DOGE).<\/span><\/p>\n<p><span style=\"font-weight: 400\">SHIB is currently in the green, with a 24-hour high of $0.00001144 and a low of $0.00001057. The token is moving upward after recording a sharp decline as of last week.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-burn-rate-accelerates-how-will-the-price-react\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Burn Rate Accelerates, How Will The Price React?<\/a><\/div>\n<h2><span style=\"font-weight: 400\">Over 25 Million SHIB Burned In 24 Hours<\/span><\/h2>\n<p><span style=\"font-weight: 400\">As a result of the Shiba Inu army\u2019s consistency in burning <\/span><a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-whale-accumulates-99-billion-tokens-in-massive-buying-spree\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">SHIB tokens<\/span><\/a><span style=\"font-weight: 400\">, the token\u2019s burn rate has recorded a more than 20% spike in the last 24 hours. According to the Shiba Inu burn tracker, <\/span><a href=\"https:\/\/twitter.com\/shibburn\/status\/15143936?s=61&amp;t=3tiSHQq29gxAKwhG33Mf8A\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Shibburn<\/span><\/a><span style=\"font-weight: 400\">, there have been a total of 25,767,627 SHIB tokens burned in the past 24 hours via eight separate transactions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Of the eight transactions, SHIB super store, a <\/span><a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-signing-petition-binance-to-list-bone\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">themed SHIB product<\/span><\/a>,<span style=\"font-weight: 400\"> burned the highest number of tokens through its weekly burn event. Over the past 24 hours, the store reported 9.5 million burned SHIB tokens in just a single transaction.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Alongside the burned tokens, the SHIB superstore also reported an additional 9.4 million Shiba Inu tokens distributed to the community as a reward. According to this platform, this move is an &#8220;advancement in community support and encouragement in the continuous event of burning SHIB.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400\">The SHIB superstore has since been a core player in the weekly SHIB burn events. Starting in September 2021, the store has burned 3.48 billion SHIB and has distributed roughly 314 million SHIB to the community via its burn and earn program.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As of last month, SHIB superstore recorded over 6.7 billion SHIB burned via 540 distinct transactions.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-fundamentals-when-will-shib-price-follow\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Fundamentals Look Strong, When Will SHIB Price Follow?<\/a><\/div>\n<h2><span style=\"font-weight: 400\">Shiba Inu Continues Rally<\/span><\/h2>\n<p><span style=\"font-weight: 400\">While the total amount of <\/span><a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-fundamentals-when-will-shib-price-follow\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">SHIB<\/span><\/a><span style=\"font-weight: 400\"> burned over the past week is significantly huge compared to the total SHIB burned in the past few days, the SHIB price surged from a low of $$0.00001057 seen earlier today.<\/span><\/p>\n<figure style=\"width: 2768px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/PbyvDjfe\/\" alt=\"Shiba Inu (SHIB) price chart on TradingView\" width=\"2768\" height=\"1228\"><figcaption class=\"wp-caption-text\">Shiba Inu (SHIB) price is moving sideways on the 3-hour chart. | Source: SHIB\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ASHIBUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">SHIB is currently <\/span><a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-burn-rate-accelerates-how-will-the-price-react\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">moving in a bullish trend<\/span><\/a>,<span style=\"font-weight: 400\"> following suit with DOGE price action. In the last 24 hours, over $400 million have been added to the asset\u2019s market cap by nearly 4%. At the time of writing, the SHIB market cap currently sits at $6.7 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Interestingly, despite its surge, at the time of writing, the asset\u2019s trading volume hasn\u2019t moved much compared to the amount seen earlier today. SHIB currently has a 24-hour trading volume sitting at $291 million.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, DOGE has recorded a double-digit gain up by 17% in the last 24 hours. The asset currently trades at $0.0914 with a market cap of 12.9 billion and a 24-hour trading volume of $1.8 billion.<\/span><\/p>\n<p>Featured image from Shutterstock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past 24 hours, a significant amount of Shiba Inu (SHIB) has been burned via transactions. SHIB has surged by nearly 4% in the past day, emerging as the second highest gainer among large crypto by market cap after Dogecoin (DOGE). SHIB is currently in the green, with a 24-hour high of $0.00001144 and a low of $0.00001057. The token is moving upward after recording a sharp decline as of last week.\u00a0 Related Reading: Shiba Inu Burn Rate Accelerates, How Will The Price React? Over 25 Million SHIB Burned In 24 Hours As a result of the Shiba Inu army\u2019s consistency in burning SHIB tokens, the token\u2019s burn rate has recorded a more than 20% spike in the last 24 hours. According to the Shiba Inu burn tracker, Shibburn, there have been a total of 25,767,627 SHIB tokens burned in the past 24 hours via eight separate transactions.\u00a0 Of the eight transactions, SHIB super store, a themed SHIB product, burned the highest number of tokens through its weekly burn event. Over the past 24 hours, the store reported 9.5 million burned SHIB tokens in just a single transaction.\u00a0 Alongside the burned tokens, the SHIB superstore also reported an additional 9.4 million Shiba Inu tokens distributed to the community as a reward. According to this platform, this move is an &#8220;advancement in community support and encouragement in the continuous event of burning SHIB.&#8221; The SHIB superstore has since been a core player in the weekly SHIB burn events. Starting in September 2021, the store has burned 3.48 billion SHIB and has distributed roughly 314 million SHIB to the community via its burn and earn program.\u00a0 As of last month, SHIB superstore recorded over 6.7 billion SHIB burned via 540 distinct transactions.\u00a0 Related Reading: Shiba Inu Fundamentals Look Strong, When Will SHIB Price Follow? Shiba Inu Continues Rally While the total amount of SHIB burned over the past week is significantly huge compared to the total SHIB burned in the past few days, the SHIB price surged from a low of $$0.00001057 seen earlier today. SHIB is currently moving in a bullish trend, following suit with DOGE price action. In the last 24 hours, over $400 million have been added to the asset\u2019s market cap by nearly 4%. At the time of writing, the SHIB market cap currently sits at $6.7 billion. Interestingly, despite its surge, at the time of writing, the asset\u2019s trading volume hasn\u2019t moved much compared to the amount seen earlier today. SHIB currently has a 24-hour trading volume sitting at $291 million.\u00a0 Meanwhile, DOGE has recorded a double-digit gain up by 17% in the last 24 hours. The asset currently trades at $0.0914 with a market cap of 12.9 billion and a 24-hour trading volume of $1.8 billion. Featured image from Shutterstock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":516386,"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":[142,83668,83667],"class_list":["post-525445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-altcoins","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\n<title>Shiba Inu Continues Rally As SHIB Burn Rate Spikes Over 20% In The Past Day<\/title>\n<meta name=\"description\" content=\"Over the past 24 hours, there has been a significant amount of Shiba Inu (SHIB) burned via transactions. 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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 Continues Rally As SHIB Burn Rate Spikes Over 20% In The Past Day","description":"Over the past 24 hours, there has been a significant amount of Shiba Inu (SHIB) burned via transactions. 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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 Continues Rally As SHIB Burn Rate Spikes Over 20% In The Past Day","url":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-continues-rally-as-shib-burn-rate-spikes-over-20-in-the-past-day\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-continues-rally-as-shib-burn-rate-spikes-over-20-in-the-past-day\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/DeFi.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/DeFi.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":["altcoins","shib","shiba inu"],"dateCreated":"2023-04-03T21:00:04Z","datePublished":"2023-04-03T21:00:04Z","dateModified":"2024-06-11T07:48:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Continues Rally As SHIB Burn Rate Spikes Over 20% In The Past Day\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-continues-rally-as-shib-burn-rate-spikes-over-20-in-the-past-day\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-continues-rally-as-shib-burn-rate-spikes-over-20-in-the-past-day\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/DeFi.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/DeFi.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\":[\"altcoins\",\"shib\",\"shiba inu\"],\"dateCreated\":\"2023-04-03T21:00:04Z\",\"datePublished\":\"2023-04-03T21:00:04Z\",\"dateModified\":\"2024-06-11T07:48:26Z\"}<\/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\/DeFi.jpg?fit=350%2C250","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/525445","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=525445"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/525445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/516386"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=525445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=525445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=525445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}