{"id":612327,"date":"2024-06-11T03:00:14","date_gmt":"2024-06-11T03:00:14","guid":{"rendered":"https:\/\/www.uniquehot.com\/?p=612327"},"modified":"2024-06-11T06:44:55","modified_gmt":"2024-06-11T06:44:55","slug":"shib-burn-rate-skyrockets-nearly-70000-will-this","status":"publish","type":"post","link":"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/","title":{"rendered":"Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?"},"content":{"rendered":"<p>In an unexpected turn of events, the Shiba Inu (SHIB) burn rate has <a href=\"https:\/\/www.shibburn.com\/\" target=\"_blank\" rel=\"noopener nofollow\">witnessed<\/a> an &#8216;astronomical&#8217; increase, propelling the metric by over 68,000% within 24 hours.<\/p>\n<p>This surge, captured by Shibburn, a platform dedicated to tracking SHIB token burns, has sparked significant attention within the cryptocurrency community.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.uniquehot.com\/news\/shiba-inu-price-skyrocket-1100-analyst\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Price Could Skyrocket By 1,100%, Predicts Analyst<\/a><\/div>\n<h2>Unprecedented Surge In Shiba Inu Burns &#8211; Details<\/h2>\n<p>Shibburn&#8217;s latest data highlights a massive spike in <a href=\"https:\/\/www.uniquehot.com\/shiba-inu\/shiba-inu-burn-rate-99-crash\/\" target=\"_blank\" rel=\"noopener \">SHIB burns<\/a>, initiated by a collective effort from the Shiba Inu community. Over the past day, seven wallet addresses contributed to a burn of 7.6 million SHIB tokens, dramatically escalating the burn rate to approximately 68,316%.<\/p>\n<p>Notably, three transactions from these addresses were particularly significant, with one wallet identified as &#8216;0x60&#8217;, burning roughly 4.3 million SHIB alone. This wallet, responsible for the largest single transaction, also recorded another major burn, bringing its total to over 5 million Shiba Inu burned in the past day.<\/p>\n<figure id=\"attachment_612334\" aria-describedby=\"caption-attachment-612334\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-612334 size-large\" src=\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-10-at-18.09.52.png?w=860&#038;resize=860%2C507\" alt=\"Shiba Inu Burn Rate.\" width=\"860\" height=\"507\" srcset=\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-10-at-18.09.52.png?w=2736 2736w, https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-10-at-18.09.52.png?w=460 460w, https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-10-at-18.09.52.png?w=768 768w, https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-10-at-18.09.52.png?w=860 860w, https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-10-at-18.09.52.png?w=1536 1536w, https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-10-at-18.09.52.png?w=2048 2048w, https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-10-at-18.09.52.png?w=750 750w, https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-10-at-18.09.52.png?w=1140 1140w\" sizes=\"(max-width: 860px) 100vw, 860px\"><figcaption id=\"caption-attachment-612334\" class=\"wp-caption-text\">Shiba Inu Burn Rate. | Source: <a href=\"https:\/\/www.shibburn.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Shibburn<\/a><\/figcaption><\/figure>\n<p>The second wallet, identified as &#8216;0xc6,&#8217; also contributed notably, burning 1.5 million SHIB tokens just an hour ago, although this was a smaller amount than the first.<\/p>\n<p>The substantial increase in burned tokens has pushed the total number of Shiba Inu removed from circulation to approximately 410.7 trillion, with the current circulating supply at 589.2 trillion.<\/p>\n<p>The continuous removal of Shiba Inu from circulation aims to create scarcity, potentially <a href=\"https:\/\/www.uniquehot.com\/news\/shiba-inu-price-skyrocket-1100-analyst\/\" target=\"_blank\" rel=\"noopener \">driving up the price<\/a> in the long term, although the <a href=\"https:\/\/www.uniquehot.com\/shiba-inu\/shiba-inu-shib-cardano-ada-explosive-whale\/\" target=\"_blank\" rel=\"noopener \">immediate effects<\/a> on market price remain subdued.<\/p>\n<h2>Market Challenges And SHIB&#8217;s Vision For DeFi<\/h2>\n<p>Despite the significant burn activity, SHIB&#8217;s <a href=\"https:\/\/www.uniquehot.com\/shiba-inu\/shiba-inu-whale-715-billion-shib\/\" target=\"_blank\" rel=\"noopener \">market price<\/a> has not mirrored the enthusiasm in the burn metrics. Over the last 24 hours, SHIB&#8217;s price has declined by 0.5%, setting the price at $0.00002325. This decrease is part of a broader downward trend, with SHIB experiencing a nearly 6% fall over the past week.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/HWvVGa6b\/\" alt=\"Shiba Inu (SHIB) price chart on TradingView\" width=\"2770\" height=\"1496\"><figcaption class=\"wp-caption-text\">SHIB price is moving sideways on the 4-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>Amid these market activities, Lucie, the SHIB team&#8217;s social media marketing lead, <a href=\"https:\/\/twitter.com\/LucieSHIB\/status\/03978753?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">shared<\/a> insights on Elon Musk&#8217;s social media platform, X, earlier today about the potential for a SHIB-based exchange-traded fund (ETF).<\/p>\n<p>She expressed concerns about whether financial institutions would recognize the importance of SHIB for future financial planning. Lucie hoped for a <a href=\"https:\/\/www.uniquehot.com\/shiba-inu\/shiba-inu-open-interest-feb-2024\/\" target=\"_blank\" rel=\"noopener \">broader understanding<\/a> from major financial entities like BlackRock, emphasizing the &#8220;unique value&#8221; SHIB brings to the market.<\/p>\n<p>She also stressed the team&#8217;s commitment to their original vision and growth, highlighting their efforts to build something meaningful for the future of decentralized finance (DeFi).<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.uniquehot.com\/shiba-inu\/shiba-inu-open-interest-feb-2024\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Open Interest Returns To February 2024 Levels, What Happened Last Time?<\/a><\/div>\n<p>According to Lucie, their initiatives aim to &#8220;empower individuals&#8221; across all levels of society, promoting freedom of choice and inclusivity in financial participation. Concluding her statement, Lucie rallied the community: &#8220;All Hail Shibarium.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">How is the Shib ETF?<\/p>\n<p>I honestly don\u2019t know if institutions will understand how important <a href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">$SHIB<\/a> is to people and their future finances.<\/p>\n<p>I wish <a href=\"https:\/\/twitter.com\/BlackRock?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">@BlackRock<\/a> would understand the magic and power of <a href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">$SHIB<\/a>, but let\u2019s see how visionary they are.<\/p>\n<p>The most important thing for us is to\u2026 <a href=\"https:\/\/t.co\/yI7hzQGLVo\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/yI7hzQGLVo<\/a><\/p>\n<p>\u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 | SHIB.IO (@LucieSHIB) <a href=\"https:\/\/twitter.com\/LucieSHIB\/status\/03978753?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">June 10, 2024<\/a><\/p><\/blockquote>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an unexpected turn of events, the Shiba Inu (SHIB) burn rate has witnessed an &#8216;astronomical&#8217; increase, propelling the metric by over 68,000% within 24 hours. This surge, captured by Shibburn, a platform dedicated to tracking SHIB token burns, has sparked significant attention within the cryptocurrency community. Related Reading: Shiba Inu Price Could Skyrocket By 1,100%, Predicts Analyst Unprecedented Surge In Shiba Inu Burns &#8211; Details Shibburn&#8217;s latest data highlights a massive spike in SHIB burns, initiated by a collective effort from the Shiba Inu community. Over the past day, seven wallet addresses contributed to a burn of 7.6 million SHIB tokens, dramatically escalating the burn rate to approximately 68,316%. Notably, three transactions from these addresses were particularly significant, with one wallet identified as &#8216;0x60&#8217;, burning roughly 4.3 million SHIB alone. This wallet, responsible for the largest single transaction, also recorded another major burn, bringing its total to over 5 million Shiba Inu burned in the past day. The second wallet, identified as &#8216;0xc6,&#8217; also contributed notably, burning 1.5 million SHIB tokens just an hour ago, although this was a smaller amount than the first. The substantial increase in burned tokens has pushed the total number of Shiba Inu removed from circulation to approximately 410.7 trillion, with the current circulating supply at 589.2 trillion. The continuous removal of Shiba Inu from circulation aims to create scarcity, potentially driving up the price in the long term, although the immediate effects on market price remain subdued. Market Challenges And SHIB&#8217;s Vision For DeFi Despite the significant burn activity, SHIB&#8217;s market price has not mirrored the enthusiasm in the burn metrics. Over the last 24 hours, SHIB&#8217;s price has declined by 0.5%, setting the price at $0.00002325. This decrease is part of a broader downward trend, with SHIB experiencing a nearly 6% fall over the past week. Amid these market activities, Lucie, the SHIB team&#8217;s social media marketing lead, shared insights on Elon Musk&#8217;s social media platform, X, earlier today about the potential for a SHIB-based exchange-traded fund (ETF). She expressed concerns about whether financial institutions would recognize the importance of SHIB for future financial planning. Lucie hoped for a broader understanding from major financial entities like BlackRock, emphasizing the &#8220;unique value&#8221; SHIB brings to the market. She also stressed the team&#8217;s commitment to their original vision and growth, highlighting their efforts to build something meaningful for the future of decentralized finance (DeFi). Related Reading: Shiba Inu Open Interest Returns To February 2024 Levels, What Happened Last Time? According to Lucie, their initiatives aim to &#8220;empower individuals&#8221; across all levels of society, promoting freedom of choice and inclusivity in financial participation. Concluding her statement, Lucie rallied the community: &#8220;All Hail Shibarium.&#8221; How is the Shib ETF? I honestly don\u2019t know if institutions will understand how important $SHIB is to people and their future finances. I wish @BlackRock would understand the magic and power of $SHIB, but let\u2019s see how visionary they are. The most important thing for us is to\u2026 pic.twitter.com\/yI7hzQGLVo \u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 | SHIB.IO (@LucieSHIB) June 10, 2024 Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":612338,"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":[134,6664,83668,83667,92533,87679,84558],"class_list":["post-612327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-altcoin","tag-crypto","tag-shib","tag-shiba-inu","tag-shiba-inu-market","tag-shiba-inu-market-cap","tag-shibusdt"],"acf":[],"yoast_head":"\n<title>Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?<\/title>\n<meta name=\"description\" content=\"In an unexpected turn of events, the Shiba Inu (SHIB) burn rate has witnessed an &#039;astronomical&#039; increase, propelling the metric by 68,000%...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?\" \/>\n<meta property=\"og:description\" content=\"In an unexpected turn of events, the Shiba Inu (SHIB) burn rate has witnessed an &#039;astronomical&#039; increase, propelling the metric by 68,000%...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/\" \/>\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=\"2024-06-11T03:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T06:44:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?fit=1024%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\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:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/www.uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?\",\"datePublished\":\"2024-06-11T03:00:14+00:00\",\"dateModified\":\"2024-06-11T06:44:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/\"},\"wordCount\":556,\"publisher\":{\"@id\":\"https:\/\/www.uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?fit=1024%2C1024\",\"keywords\":[\"altcoin\",\"crypto\",\"SHIB\",\"Shiba Inu\",\"Shiba Inu Market\",\"Shiba Inu Market Cap\",\"SHIBUSDT\"],\"articleSection\":[\"Shiba Inu Coin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/\",\"url\":\"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/\",\"name\":\"Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?\",\"isPartOf\":{\"@id\":\"https:\/\/www.uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?fit=1024%2C1024\",\"datePublished\":\"2024-06-11T03:00:14+00:00\",\"dateModified\":\"2024-06-11T06:44:55+00:00\",\"description\":\"In an unexpected turn of events, the Shiba Inu (SHIB) burn rate has witnessed an 'astronomical' increase, propelling the metric by 68,000%...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#primaryimage\",\"url\":\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?fit=1024%2C1024\",\"contentUrl\":\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?fit=1024%2C1024\",\"width\":1024,\"height\":1024,\"caption\":\"Shiba Inu (SHIB Burn Rate Skyrockets\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.uniquehot.com\/#website\",\"url\":\"https:\/\/www.uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.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:\/\/www.uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.uniquehot.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:\/\/www.uniquehot.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?","description":"In an unexpected turn of events, the Shiba Inu (SHIB) burn rate has witnessed an 'astronomical' increase, propelling the metric by 68,000%...","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:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/","og_locale":"en_US","og_type":"article","og_title":"Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?","og_description":"In an unexpected turn of events, the Shiba Inu (SHIB) burn rate has witnessed an 'astronomical' increase, propelling the metric by 68,000%...","og_url":"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-06-11T03:00:14+00:00","article_modified_time":"2024-06-11T06:44:55+00:00","og_image":[{"width":1024,"height":1024,"url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?fit=1024%2C1024","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:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#article","isPartOf":{"@id":"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/www.uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?","datePublished":"2024-06-11T03:00:14+00:00","dateModified":"2024-06-11T06:44:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/"},"wordCount":556,"publisher":{"@id":"https:\/\/www.uniquehot.com\/#organization"},"image":{"@id":"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#primaryimage"},"thumbnailUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?fit=1024%2C1024","keywords":["altcoin","crypto","SHIB","Shiba Inu","Shiba Inu Market","Shiba Inu Market Cap","SHIBUSDT"],"articleSection":["Shiba Inu Coin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/","url":"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/","name":"Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?","isPartOf":{"@id":"https:\/\/www.uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#primaryimage"},"image":{"@id":"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#primaryimage"},"thumbnailUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?fit=1024%2C1024","datePublished":"2024-06-11T03:00:14+00:00","dateModified":"2024-06-11T06:44:55+00:00","description":"In an unexpected turn of events, the Shiba Inu (SHIB) burn rate has witnessed an 'astronomical' increase, propelling the metric by 68,000%...","breadcrumb":{"@id":"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#primaryimage","url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?fit=1024%2C1024","contentUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?fit=1024%2C1024","width":1024,"height":1024,"caption":"Shiba Inu (SHIB Burn Rate Skyrockets"},{"@type":"BreadcrumbList","@id":"https:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?"}]},{"@type":"WebSite","@id":"https:\/\/www.uniquehot.com\/#website","url":"https:\/\/www.uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/www.uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.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:\/\/www.uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.uniquehot.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:\/\/www.uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?","url":"http:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.uniquehot.com\/news\/shiba-inu-coin\/shib-burn-rate-skyrockets-nearly-70000-will-this\/"},"thumbnailUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?fit=1024%2C1024"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto","shib","shiba inu","shiba inu market","shiba inu market cap","shibusdt"],"dateCreated":"2024-06-11T03:00:14Z","datePublished":"2024-06-11T03:00:14Z","dateModified":"2024-06-11T06:44:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?\",\"url\":\"http:\\\/\\\/www.uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shib-burn-rate-skyrockets-nearly-70000-will-this\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shib-burn-rate-skyrockets-nearly-70000-will-this\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/DALL\\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/DALL\\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?fit=1024%2C1024\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto\",\"shib\",\"shiba inu\",\"shiba inu market\",\"shiba inu market cap\",\"shibusdt\"],\"dateCreated\":\"2024-06-11T03:00:14Z\",\"datePublished\":\"2024-06-11T03:00:14Z\",\"dateModified\":\"2024-06-11T06:44:55Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-10-19.23.20-A-digital-artwork-depicting-a-metaphorical-representation-of-the-Shiba-Inu-SHIB-cryptocurrency-concept-featuring-a-stylized-image-of-a-Shiba-Inu-do.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/612327"}],"collection":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/comments?post=612327"}],"version-history":[{"count":0,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/612327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media\/612338"}],"wp:attachment":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media?parent=612327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/categories?post=612327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/tags?post=612327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}