{"id":5491,"date":"2023-10-18T09:45:52","date_gmt":"2023-10-18T09:45:52","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=5491"},"modified":"2024-04-29T08:48:31","modified_gmt":"2024-04-29T08:48:31","slug":"shiba-inu-shib-burn-rate-increased-by-250-percent","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/","title":{"rendered":"Shiba Inu (SHIB)&#8217;s Burn Rate Increased by 250%"},"content":{"rendered":"<p>In the last 24 hours, the number of <strong>Shiba Inu (SHIB)<\/strong> tokens burnt have reached a very high level of <strong>53 million<a href=\"https:\/\/coinengineer.net\/blog\/news\/\" target=\"_blank\" rel=\"noopener\"> burnings occurred<\/a><\/strong>. When compared with the number of tokens burnt (19.5 million) in the past 24 hours, we observed a increase of 250%.<\/p>\n<p>The purpose here is for Shiba Inu (SHIB) to further appreciate its token by reducing the circulating number every day to affect the price. Similarly, <strong>Binance<\/strong> also <strong><a href=\"https:\/\/coinengineer.net\/blog\/bitcoin\/\" target=\"_blank\" rel=\"noopener\">burned $450 million worth BNB<\/a><\/strong> in recent days.<\/p>\n<figure id=\"attachment_5507\" aria-describedby=\"caption-attachment-5507\" style=\"width: 768px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5507\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/Shiba-Inu-SHIB.png\" alt=\"Shiba Inu SHIB\" width=\"768\" height=\"586\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/Shiba-Inu-SHIB.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/Shiba-Inu-SHIB-300x229.png 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><figcaption id=\"caption-attachment-5507\" class=\"wp-caption-text\">SHIB Burning Live Stream | <a href=\"https:\/\/www.shibburn.com\/\" target=\"_blank\" rel=\"noopener\">SHIBBURN<\/a><\/figcaption><\/figure>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/#Why_Didnt_The_Price_of_Shiba_Inu_Change_Much\" title=\"Why Didn&#8217;t The Price of Shiba Inu Change Much?\">Why Didn&#8217;t The Price of Shiba Inu Change Much?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/#What_Is_The_Current_Supply_Situation\" title=\"What Is The Current Supply Situation?\">What Is The Current Supply Situation?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_Didnt_The_Price_of_Shiba_Inu_Change_Much\"><\/span>Why Didn&#8217;t The Price of Shiba Inu Change Much?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Although the value of SHIB <strong>increased by %2<\/strong> after the burn, the expectation here will be more long term. the technology they aim to increase values such as more transactions and scalability on roll-up, i.e., the blockchain network (<strong>Shibarium developed this blockchain<\/strong>) could rise rise even faster when it further develops. Roll-up<span data-preserver-spaces=\"true\"> emerged at the end of August and they advance every day in their projects, which they always say forward despite many adversities in the following months.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Is_The_Current_Supply_Situation\"><\/span>What Is The Current Supply Situation?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Shiba Inu (SHIB) <em><strong>burnt more than 53 million SHIB tokens<\/strong><\/em> by sending them to an address that no one can access. The maximum total supply of Shiba Inu is 999.982.697.981.254. More than 41% of these, or 409.992.906.172.314, have been burnt.<\/p>\n<hr \/>\n<p><em>In the comment section, you can freely share your comments about the topic. Additionally, don\u2019 t forget to follow us on <a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the last 24 hours, the number of Shiba Inu (SHIB) tokens burnt have reached a very high level of 53 million burnings occurred. When compared with the number of tokens burnt (19.5 million) in the past 24 hours, we observed a increase of 250%. The purpose here is for Shiba Inu (SHIB) to further<\/p>\n","protected":false},"author":1,"featured_media":5490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[40,484,66,2028],"class_list":["post-5491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bnb","tag-shib","tag-shiba-inu","tag-shibarium"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shiba Inu (SHIB)&#039;s Burn Rate Increased by 250% - Coin Engineer<\/title>\n<meta name=\"description\" content=\"In the last 24 hours, the number of Shiba Inu (SHIB) tokens burnt have reached a very high level of 53 million burnings occurred.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu (SHIB)&#039;s Burn Rate Increased by 250% - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"In the last 24 hours, the number of Shiba Inu (SHIB) tokens burnt have reached a very high level of 53 million burnings occurred.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-18T09:45:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-29T08:48:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-32.png\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/\",\"name\":\"Shiba Inu (SHIB)'s Burn Rate Increased by 250% - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-32.png\",\"datePublished\":\"2023-10-18T09:45:52+00:00\",\"dateModified\":\"2024-04-29T08:48:31+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\"},\"description\":\"In the last 24 hours, the number of Shiba Inu (SHIB) tokens burnt have reached a very high level of 53 million burnings occurred.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-32.png\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-32.png\",\"width\":750,\"height\":450,\"caption\":\"Shiba Inu\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shiba Inu (SHIB)&#8217;s Burn Rate Increased by 250%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/coinengineer.net\/\"],\"url\":\"https:\/\/coinengineer.net\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Shiba Inu (SHIB)'s Burn Rate Increased by 250% - Coin Engineer","description":"In the last 24 hours, the number of Shiba Inu (SHIB) tokens burnt have reached a very high level of 53 million burnings occurred.","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:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/","og_locale":"en_US","og_type":"article","og_title":"Shiba Inu (SHIB)'s Burn Rate Increased by 250% - Coin Engineer","og_description":"In the last 24 hours, the number of Shiba Inu (SHIB) tokens burnt have reached a very high level of 53 million burnings occurred.","og_url":"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/","og_site_name":"Coin Engineer","article_published_time":"2023-10-18T09:45:52+00:00","article_modified_time":"2024-04-29T08:48:31+00:00","og_image":[{"width":750,"height":450,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-32.png","type":"image\/png"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/","url":"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/","name":"Shiba Inu (SHIB)'s Burn Rate Increased by 250% - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-32.png","datePublished":"2023-10-18T09:45:52+00:00","dateModified":"2024-04-29T08:48:31+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2"},"description":"In the last 24 hours, the number of Shiba Inu (SHIB) tokens burnt have reached a very high level of 53 million burnings occurred.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-32.png","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-32.png","width":750,"height":450,"caption":"Shiba Inu"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/shiba-inu-shib-burn-rate-increased-by-250-percent\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Shiba Inu (SHIB)&#8217;s Burn Rate Increased by 250%"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/coinengineer.net\/"],"url":"https:\/\/coinengineer.net\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/5491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=5491"}],"version-history":[{"count":5,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/5491\/revisions"}],"predecessor-version":[{"id":19089,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/5491\/revisions\/19089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/5490"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=5491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=5491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=5491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}