{"id":568526,"date":"2024-01-08T18:00:30","date_gmt":"2024-01-08T18:00:30","guid":{"rendered":"https:\/\/wncen.com\/?p=568526"},"modified":"2024-06-11T07:07:52","modified_gmt":"2024-06-11T07:07:52","slug":"shiba-inu-0-001-9-25-trillion-shib","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-0-001-9-25-trillion-shib\/","title":{"rendered":"Shiba Inu Breakout To $0.001? Rumored 9.25 Trillion SHIB Token Burn Could Be The Catalyst"},"content":{"rendered":"

The Shiba Inu<\/span> (SHIB) price could be primed for a <\/span>significant surge<\/span><\/a> if a recent rumor is anything to go by. This will provide a much-needed relief for the meme coin, which has been on a nose dive as of late.\u00a0<\/span><\/p>\n

A Record-Shattering Shiba Inu Burn On The Way?<\/h2>\n

In a now-already deleted X (formerly Twitter) post, <\/span>Shiba Inu\u2019s team member Ragnar<\/span><\/a> mentioned that the 9.25 trillion SHIB tokens could end up being burned this month. Although it is unclear why Ragnar deleted the post, it could well have been done in order not to raise expectations.\u00a0<\/span><\/p>\n

Related Reading: How To Bridge And Trade On The Injective (INJ) Network<\/a><\/div>\n

Shiba Inu\u2019s Marketing Lucie<\/span><\/a> had once <\/span>mentioned<\/span><\/a> how the <\/span>lead developer, Shytoshi Kusama<\/span><\/a>, was skeptical about providing a timeframe for these burns.\u00a0<\/span><\/p>\n

Ragnar could have also deleted the post, following a mistake on his part, especially considering how mammoth 9.25 trillion SHIB is. The highest number of SHIB tokens that have been burned in a month still happens to be in the range of billions.\u00a0<\/span><\/p>\n

In fact, besides Ethereum founder Vitalik Buterin\u2019s burn, never has a trillion Shiba Inu tokens burned in a single year. As such, it seems unlikely that the <\/span>team member<\/span><\/a> was referring to this happening this month. If anything, such a figure even seems more plausible if Ragnar was referring to how much of the meme coin could be burned this year.\u00a0<\/span><\/p>\n

If that is the case, it could have a massive impact on SHIB\u2019s price. The meme coin is known to make a rally whenever SHIB tokens of such magnitude are burned, not to talk of what could happen if such a record is achieved.<\/span><\/p>\n

\"Shiba<\/p>\n

SHIB price at $0.000009 | Source: SHIBUSD on Tradingview.com<\/a><\/pre>\n
Shibarium\u2019s Role In Achieving The Record<\/h2>\n
If 92.5 trillion SHIB tokens manage to be burned this year, it will likely come from <\/span>Shibarium\u2019s efforts<\/span><\/a>. The layer-2 network has, in recent times, been the <\/span>biggest contributor<\/span><\/a> to the Shiba Inu burns carried out. Interestingly, <\/span>Shibarium<\/span><\/a> singlehandedly contributed to almost half of all the SHIB tokens that <\/span>were burned in 2023<\/span><\/a>.\u00a0<\/span><\/p>\n
Related Reading: Bitcoin Spot ETF: VanEck\u2019s Head Of Research Says BlackRock Has $2 Billion In Investments Lined Up<\/a><\/div>\n
Last year, just over 76 billion SHIB tokens were burned, with the layer-2 network contributing almost 34 billion SHIB to those burns. Shibarium has, however, not had a great start to the year, with <\/span>daily transactions declining<\/span><\/a> from highs it recorded in December last year. According to data from the Shibarium Explorer, daily transactions on the network currently stand at 4 million.\u00a0<\/span><\/p>\n
Meanwhile, the 9.25 trillion SHIB tokens being burned remains from being a reality as just over 64 million SHIB tokens have been burned this month, according to <\/span>data<\/span><\/a> from the Shiba Burn Tracker.<\/span><\/p>\n
At the time of writing, Shiba Inu is trading at around $0.000008907, down over 5% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.<\/span><\/p>\n
Featured image from FX Leaders, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Shiba Inu (SHIB) price could be primed for a significant surge if a recent rumor is anything to go by. This will provide a much-needed relief for the meme coin, which has been on a nose dive as of late.\u00a0 A Record-Shattering Shiba Inu Burn On The Way? In a now-already deleted X (formerly Twitter) post, Shiba Inu\u2019s team member Ragnar mentioned that the 9.25 trillion SHIB tokens could end up being burned this month. Although it is unclear why Ragnar deleted the post, it could well have been done in order not to raise expectations.\u00a0 Related Reading: How To Bridge And Trade On The Injective (INJ) Network Shiba Inu\u2019s Marketing Lucie had once mentioned how the lead developer, Shytoshi Kusama, was skeptical about providing a timeframe for these burns.\u00a0 Ragnar could have also deleted the post, following a mistake on his part, especially considering how mammoth 9.25 trillion SHIB is. The highest number of SHIB tokens that have been burned in a month still happens to be in the range of billions.\u00a0 In fact, besides Ethereum founder Vitalik Buterin\u2019s burn, never has a trillion Shiba Inu tokens burned in a single year. As such, it seems unlikely that the team member was referring to this happening this month. If anything, such a figure even seems more plausible if Ragnar was referring to how much of the meme coin could be burned this year.\u00a0 If that is the case, it could have a massive impact on SHIB\u2019s price. The meme coin is known to make a rally whenever SHIB tokens of such magnitude are burned, not to talk of what could happen if such a record is achieved. SHIB price at $0.000009 | Source: SHIBUSD on Tradingview.com Shibarium\u2019s Role In Achieving The Record If 92.5 trillion SHIB tokens manage to be burned this year, it will likely come from Shibarium\u2019s efforts. The layer-2 network has, in recent times, been the biggest contributor to the Shiba Inu burns carried out. Interestingly, Shibarium singlehandedly contributed to almost half of all the SHIB tokens that were burned in 2023.\u00a0 Related Reading: Bitcoin Spot ETF: VanEck\u2019s Head Of Research Says BlackRock Has $2 Billion In Investments Lined Up Last year, just over 76 billion SHIB tokens were burned, with the layer-2 network contributing almost 34 billion SHIB to those burns. Shibarium has, however, not had a great start to the year, with daily transactions declining from highs it recorded in December last year. According to data from the Shibarium Explorer, daily transactions on the network currently stand at 4 million.\u00a0 Meanwhile, the 9.25 trillion SHIB tokens being burned remains from being a reality as just over 64 million SHIB tokens have been burned this month, according to data from the Shiba Burn Tracker. At the time of writing, Shiba Inu is trading at around $0.000008907, down over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from FX Leaders, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":568533,"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":[83668,86002,89178,84473,83667,89181,89157,86437,84562,84558],"class_list":["post-568526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-burn","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-burn","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu Breakout To $0.001? 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. 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