{"id":10706,"date":"2025-01-31T14:02:25","date_gmt":"2025-01-31T14:02:25","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10706"},"modified":"2025-01-31T14:02:25","modified_gmt":"2025-01-31T14:02:25","slug":"shiba-inu-burn-rate-explodes-by-over-7000-is-the-shib-price-ready-to-take-off","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10706","title":{"rendered":"Shiba Inu Burn Rate Explodes by Over 7,000%: Is the SHIB Price Ready to Take off?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Shiba Inu\u2019s team and community removed more than one billion tokens from the circulating supply in the last 24 hours.<\/span><\/li>\n<li>However, SHIB\u2019s price remains in red territory on a weekly scale.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-75.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-381366\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-75.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-75.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-75-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-75-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-75-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-75-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>The Burning Goes Through the Roof<\/h2>\n<p><span data-preserver-spaces=\"true\">The second-largest meme coin, Shiba Inu, saw its burn rate <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.shibburn.com\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">skyrocket<\/span><\/a><span data-preserver-spaces=\"true\"> by approximately 7,200% in the past 24 hours. This resulted in over 1.1 billion tokens being sent to a null address.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While the USD equivalent of the destroyed stash is insignificant, continuous efforts in the field will reduce the circulating supply of SHIB, making it more scarce and possibly more valuable in the future (should demand increase or remain constant).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another bullish factor worth mentioning is Shiba Inu\u2019s exchange <\/span><span data-preserver-spaces=\"true\">netflow<\/span><span data-preserver-spaces=\"true\">. <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptoquant.com\/asset\/shib\/chart\/exchange-flows\/exchange-netflow-total?exchange=all_exchange&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">According<\/span><\/a><span data-preserver-spaces=\"true\"> to CryptoQuant\u2019s data, outflows have exceeded inflows in the last week, suggesting a potential shift from centralized exchanges toward private wallets. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\">, in turn, reduces the immediate selling pressure.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite the positive developments, the price of the meme coin has underperformed <\/span><span data-preserver-spaces=\"true\">on a weekly scale<\/span><span data-preserver-spaces=\"true\">. It currently trades at around $0.00001876 (per CoinGecko\u2019s data), representing an 8% decline for that timeframe.<\/span><\/p>\n<figure id=\"attachment_381365\" aria-describedby=\"caption-attachment-381365\" style=\"width: 569px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-7.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-381365\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-7.png\" alt=\"SHIB Price\" width=\"569\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-7.png 1041w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-7-300x211.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-7-1024x720.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-7-768x540.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-7-50x35.png 50w\" sizes=\"auto, (max-width: 569px) 100vw, 569px\"><\/a><figcaption id=\"caption-attachment-381365\" class=\"wp-caption-text\">SHIB Price, Source: CoinGecko<\/figcaption><\/figure>\n<h2><span data-preserver-spaces=\"true\">How\u2019s the Big Rival Doing?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The undisputed leader in the meme coin sector \u2013 Dogecoin (DOGE) \u2013 has performed quite similarly to SHIB in the past seven days. Its price has tumbled by approximately 9% to the current $0.33.\u00a0<\/span><\/p>\n<figure id=\"attachment_381363\" aria-describedby=\"caption-attachment-381363\" style=\"width: 566px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGE-Price-6.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-381363\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGE-Price-6.png\" alt=\"DOGE Price\" width=\"566\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGE-Price-6.png 1045w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGE-Price-6-300x212.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGE-Price-6-1024x723.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGE-Price-6-768x542.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGE-Price-6-50x35.png 50w\" sizes=\"auto, (max-width: 566px) 100vw, 566px\"><\/a><figcaption id=\"caption-attachment-381363\" class=\"wp-caption-text\">DOGE Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Nonetheless, crypto X is <\/span><span data-preserver-spaces=\"true\">rammed<\/span><span data-preserver-spaces=\"true\"> with analysts who believe that a massive DOGE rally is incoming. <\/span><span data-preserver-spaces=\"true\">The X user Lucky<\/span><span data-preserver-spaces=\"true\"> recently told his over two million followers that the meme coin \u201cis gaining serious momentum.\u201d<\/span><span data-preserver-spaces=\"true\"> They <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/LLuciano_BTC\/status\/1884931611638256032\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">suggested<\/span><\/a><span data-preserver-spaces=\"true\"> that Dogecoin\u2019s next potential rally would be \u201cepic,\u201d claiming that the $1 milestone \u201cis just a matter of time.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Earlier this week, Ali Martinez <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/doge-to-skyrocket-analyst-predicts-a-900-surge-at-any-moment\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">wondered<\/span><\/a><span data-preserver-spaces=\"true\"> how some could bet against DOGE since \u201cat any moment\u201d it could explode by a staggering 900% in just 48 hours. Such a rally would mirror the asset\u2019s performance at the end of January 2021, when the valuation exploded by triple digits in a few days.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, the meme coin might receive a serious price boost should the US Securities and Exchange Commission (SEC) approve <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2053791\/000121390025007545\/ea0228742-s1_bitwise.htm\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">Bitwise\u2019s intention<\/span><\/a><span data-preserver-spaces=\"true\"> to launch a spot DOGE ETF in America. The investment vehicle will give people more options to gain exposure to the meme coin, which could positively reflect its performance.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/shiba-inu-burn-rate-explodes-by-over-7000-is-the-shib-price-ready-to-take-off\/\" rel=\"nofollow\">Shiba Inu Burn Rate Explodes by Over 7,000%: Is the SHIB Price Ready to Take off?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Shiba Inu\u2019s team and community removed more than one billion tokens from the circulating supply in the last 24 hours. However, SHIB\u2019s price remains in red territory on a weekly scale. The Burning Goes Through the Roof The second-largest meme coin, Shiba Inu, saw its burn rate skyrocket by approximately 7,200% in the past [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10706","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10706"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10706\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}