{"id":563923,"date":"2023-12-05T14:00:43","date_gmt":"2023-12-05T14:00:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=563923"},"modified":"2024-06-11T11:35:43","modified_gmt":"2024-06-11T11:35:43","slug":"shiba-inu-8-billion-shib-burned","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/","title":{"rendered":"Shiba Inu Burn Rate Surges With Over 8 Billion SHIB Burned, Here’s The Trigger"},"content":{"rendered":"

The Shiba Inu community burn initiative<\/a> may have just set a new record with the number of tokens burned in the last 24 hours.\u00a0The community will undoubtedly be brimming with optimism as to the promising future of the <\/span>meme coin<\/span><\/a> and its ecosystem.\u00a0<\/span><\/p>\n

Over 8 Billion Shiba Inu Burned In The Last 24 Hours<\/h2>\n

According to data from the <\/span>burn tracking website Shibburn<\/span><\/a>, over 8 billion Shiba Inu tokens have been burned in the last 24 hours. As a result of this record, the burn rate jumped by 7424294.41%. Interestingly, one transaction accounted for the bulk of the tokens burned, with 8,241,856,589 SHIB <\/span>transferred<\/span><\/a> to a dead wallet.<\/span><\/p>\n

\"Shiba<\/div>\n
Source: Shibburn<\/pre>\n
This development continues a recent trend that has SHIB\u2019s burn rate continuing to spike. Sometime last week, the token\u2019s burn rate <\/span>rose by 499,416%<\/span><\/a> in a single day, with over 264.2 million SHIB tokens burned. This came after 2.7 million SHIB tokens had just been burned the previous day.\u00a0<\/span><\/p>\n
Related Reading: Bitcoin Cycle Analysis And Macro Factors Reveal When Price Will Reach $125,000<\/a><\/p>\n
Meanwhile, the single transaction that led to 8.2 billion SHIB tokens being burned was due to the spike in network activity on Shibarium. <\/span>Shiba Inu\u2019s developer, Kaal Dhairya<\/span><\/a>, noted in an X post that the layer-2 network experienced a continuous rise in gas fees, which led to exponential growth in the burn rate.\u00a0<\/span><\/p>\n
Shibarium\u2019s Role In SHIB\u2019s Burn Rate<\/h2>\n
Shibarium\u2019s<\/span><\/a> significant role in the Shiba Inu burn rate has become evident. Notably, the Shibarium allocates a portion (70%) of the network\u2019s base fees for SHIB burns. The spike in SHIB\u2019s burn rate is expected to be on the rise even as Shibarium continues to enjoy greater adoption. <\/span>Shiba Inu\u2019s Marketing Lead, Lucie,<\/span><\/a> had once <\/span>urged<\/span><\/a> the community to use Shibarium so that more SHIB could be burned.\u00a0<\/span><\/p>\n
SHIB community members seem to be now heeding her advice as the number of transactions on the <\/span>network has skyrocketed recently<\/span><\/a>. The layer-2 network is <\/span>reported<\/span><\/a> to have witnessed a transaction count spike of more than 47,000% in less than a week. In that period, Shibarium has surpassed the milestones of 5 million, 10 million, and 20 million in rapid succession.<\/span><\/p>\n
Related Reading: Crypto Analyst Predicts Bitcoin 400% Surge To $200,000, Here\u2019s When<\/a><\/div>\n
Shibarium doesn\u2019t seem to be slowing down anytime soon, as the <\/span>total transaction count<\/span><\/a> currently stands at over 35 million at the time of writing. The SHIB community will be hoping that this run continues as it is undoubtedly bullish for the meme coin\u2019s price.\u00a0<\/span><\/p>\n
In an <\/span>update<\/span><\/a> posted on the Shib Blog, the correlation between Shibaroum\u2019s transaction volume, gas fees, and Shiba Inu burns was resounded. The author noted that the burn rate would continue to grow exponentially as Shibarium experiences an increase in the number of transactions and a significant increase in gas fees.\u00a0<\/span><\/p>\n
\"Shiba<\/p>\n
SHIB price shows high level of volatility | Source: SHIBUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Coinstats, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Shiba Inu community burn initiative may have just set a new record with the number of tokens burned in the last 24 hours.\u00a0The community will undoubtedly be brimming with optimism as to the promising future of the meme coin and its ecosystem.\u00a0 Over 8 Billion Shiba Inu Burned In The Last 24 Hours According to data from the burn tracking website Shibburn, over 8 billion Shiba Inu tokens have been burned in the last 24 hours. As a result of this record, the burn rate jumped by 7424294.41%. Interestingly, one transaction accounted for the bulk of the tokens burned, with 8,241,856,589 SHIB transferred to a dead wallet. Source: Shibburn This development continues a recent trend that has SHIB\u2019s burn rate continuing to spike. Sometime last week, the token\u2019s burn rate rose by 499,416% in a single day, with over 264.2 million SHIB tokens burned. This came after 2.7 million SHIB tokens had just been burned the previous day.\u00a0 Related Reading: Bitcoin Cycle Analysis And Macro Factors Reveal When Price Will Reach $125,000 Meanwhile, the single transaction that led to 8.2 billion SHIB tokens being burned was due to the spike in network activity on Shibarium. Shiba Inu\u2019s developer, Kaal Dhairya, noted in an X post that the layer-2 network experienced a continuous rise in gas fees, which led to exponential growth in the burn rate.\u00a0 Shibarium\u2019s Role In SHIB\u2019s Burn Rate Shibarium\u2019s significant role in the Shiba Inu burn rate has become evident. Notably, the Shibarium allocates a portion (70%) of the network\u2019s base fees for SHIB burns. The spike in SHIB\u2019s burn rate is expected to be on the rise even as Shibarium continues to enjoy greater adoption. Shiba Inu\u2019s Marketing Lead, Lucie, had once urged the community to use Shibarium so that more SHIB could be burned.\u00a0 SHIB community members seem to be now heeding her advice as the number of transactions on the network has skyrocketed recently. The layer-2 network is reported to have witnessed a transaction count spike of more than 47,000% in less than a week. In that period, Shibarium has surpassed the milestones of 5 million, 10 million, and 20 million in rapid succession. Related Reading: Crypto Analyst Predicts Bitcoin 400% Surge To $200,000, Here\u2019s When Shibarium doesn\u2019t seem to be slowing down anytime soon, as the total transaction count currently stands at over 35 million at the time of writing. The SHIB community will be hoping that this run continues as it is undoubtedly bullish for the meme coin\u2019s price.\u00a0 In an update posted on the Shib Blog, the correlation between Shibaroum\u2019s transaction volume, gas fees, and Shiba Inu burns was resounded. The author noted that the burn rate would continue to grow exponentially as Shibarium experiences an increase in the number of transactions and a significant increase in gas fees.\u00a0 SHIB price shows high level of volatility | Source: SHIBUSD on Tradingview.com Featured image from Coinstats, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":563927,"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":[83668,86002,89660,89178,84473,83667,89157,84562,84558],"class_list":["post-563923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-burn","tag-shib-burn-rate","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu Burn Rate Surges With Over 8 Billion SHIB Burned, Here's The Trigger<\/title>\n<meta name=\"description\" content=\"The Shiba Inu community burn initiative may have just set a new record with the number of tokens burned in the last 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:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/\" \/>\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 Surges With Over 8 Billion SHIB Burned, Here's The Trigger\" \/>\n<meta property=\"og:description\" content=\"The Shiba Inu community burn initiative may have just set a new record with the number of tokens burned in the last 24 hours.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/\" \/>\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=\"2023-12-05T14:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T11:35:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-burn.jpeg?fit=297%2C170\" \/>\n\t<meta property=\"og:image:width\" content=\"297\" \/>\n\t<meta property=\"og:image:height\" content=\"170\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\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:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Shiba Inu Burn Rate Surges With Over 8 Billion SHIB Burned, Here’s The Trigger\",\"datePublished\":\"2023-12-05T14:00:43+00:00\",\"dateModified\":\"2024-06-11T11:35:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/\"},\"wordCount\":483,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-burn.jpeg?fit=297%2C170\",\"keywords\":[\"SHIB\",\"Shib Burn\",\"SHIB burn rate\",\"SHIB news\",\"SHIB price\",\"Shiba Inu\",\"Shiba Inu news\",\"SHIBUSD\",\"SHIBUSDT\"],\"articleSection\":[\"Shiba Inu Coin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/\",\"url\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/\",\"name\":\"Shiba Inu Burn Rate Surges With Over 8 Billion SHIB Burned, Here's The Trigger\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-burn.jpeg?fit=297%2C170\",\"datePublished\":\"2023-12-05T14:00:43+00:00\",\"dateModified\":\"2024-06-11T11:35:43+00:00\",\"description\":\"The Shiba Inu community burn initiative may have just set a new record with the number of tokens burned in the last 24 hours.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-burn.jpeg?fit=297%2C170\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-burn.jpeg?fit=297%2C170\",\"width\":297,\"height\":170,\"caption\":\"Shiba Inu burn\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shiba Inu Burn Rate Surges With Over 8 Billion SHIB Burned, Here’s The Trigger\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. 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. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/uniquehot.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Shiba Inu Burn Rate Surges With Over 8 Billion SHIB Burned, Here's The Trigger","description":"The Shiba Inu community burn initiative may have just set a new record with the number of tokens burned in the last 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:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/","og_locale":"en_US","og_type":"article","og_title":"Shiba Inu Burn Rate Surges With Over 8 Billion SHIB Burned, Here's The Trigger","og_description":"The Shiba Inu community burn initiative may have just set a new record with the number of tokens burned in the last 24 hours.","og_url":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-12-05T14:00:43+00:00","article_modified_time":"2024-06-11T11:35:43+00:00","og_image":[{"width":297,"height":170,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-burn.jpeg?fit=297%2C170","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Shiba Inu Burn Rate Surges With Over 8 Billion SHIB Burned, Here’s The Trigger","datePublished":"2023-12-05T14:00:43+00:00","dateModified":"2024-06-11T11:35:43+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/"},"wordCount":483,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-burn.jpeg?fit=297%2C170","keywords":["SHIB","Shib Burn","SHIB burn rate","SHIB news","SHIB price","Shiba Inu","Shiba Inu news","SHIBUSD","SHIBUSDT"],"articleSection":["Shiba Inu Coin"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/","url":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/","name":"Shiba Inu Burn Rate Surges With Over 8 Billion SHIB Burned, Here's The Trigger","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-burn.jpeg?fit=297%2C170","datePublished":"2023-12-05T14:00:43+00:00","dateModified":"2024-06-11T11:35:43+00:00","description":"The Shiba Inu community burn initiative may have just set a new record with the number of tokens burned in the last 24 hours.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-burn.jpeg?fit=297%2C170","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-burn.jpeg?fit=297%2C170","width":297,"height":170,"caption":"Shiba Inu burn"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Shiba Inu Burn Rate Surges With Over 8 Billion SHIB Burned, Here’s The Trigger"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. 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. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Burn Rate Surges With Over 8 Billion SHIB Burned, Here’s The Trigger","url":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-8-billion-shib-burned\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-burn.jpeg?resize=200%2C170","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-burn.jpeg?fit=297%2C170"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib burn","shib burn rate","shib news","shib price","shiba inu","shiba inu news","shibusd","shibusdt"],"dateCreated":"2023-12-05T14:00:43Z","datePublished":"2023-12-05T14:00:43Z","dateModified":"2024-06-11T11:35:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Burn Rate Surges With Over 8 Billion SHIB Burned, Here’s The Trigger\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-8-billion-shib-burned\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-8-billion-shib-burned\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Shiba-Inu-burn.jpeg?resize=200%2C170\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Shiba-Inu-burn.jpeg?fit=297%2C170\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib burn\",\"shib burn rate\",\"shib news\",\"shib price\",\"shiba inu\",\"shiba inu news\",\"shibusd\",\"shibusdt\"],\"dateCreated\":\"2023-12-05T14:00:43Z\",\"datePublished\":\"2023-12-05T14:00:43Z\",\"dateModified\":\"2024-06-11T11:35:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-burn.jpeg?fit=297%2C170","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/563923"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=563923"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/563923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/563927"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=563923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=563923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=563923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}