{"id":22083,"date":"2025-04-15T02:46:31","date_gmt":"2025-04-15T02:46:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22083"},"modified":"2025-04-15T02:46:31","modified_gmt":"2025-04-15T02:46:31","slug":"shiba-inus-burn-rate-fires-1734-but-traders-are-still-betting-against-the-memecoin-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22083","title":{"rendered":"Shiba Inu&#8217;s Burn Rate Fires 1734% But Traders Are Still Betting Against The Memecoin\u2014What You Need To Know"},"content":{"rendered":"<div>\n<p>More than 19 million <strong>Shiba Inu <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/shib\/usd\">SHIB<\/a>) tokens were kicked out of circulation Monday, applying additional deflationary pressure on the popular dog-themed meme coin.<\/p>\n<p><strong>What happened: <\/strong>The burn rate exploded 1734% over the last 24 hours, resulting in a supply squeeze of 19.16 million SHIB tokens, <a href=\"https:\/\/www.shibburn.com\/\">according<\/a> to Shibburn, the coin&#8217;s official burn tracker.<\/p>\n<p>As of this writing, about 410.74 billion tokens have been burned, with the circulating supply at 584.37 billion.<\/p>\n<p>Coin burning happens when a cryptocurrency token is intentionally sent to an unusable wallet address to remove it from circulation. This is done to create scarcity and &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/04\/44805037\/shiba-inus-burn-rate-fires-1734-but-traders-are-still-betting-against-the-memecoin-what-yo\" alt=\"Shiba\" inu burn rate fires but traders are still betting against the memecoin you need to know>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>More than 19 million Shiba Inu (CRYPTO: SHIB) tokens were kicked out of circulation Monday, applying additional deflationary pressure on the popular dog-themed meme coin. What happened: The burn rate exploded 1734% over the last 24 hours, resulting in a supply squeeze of 19.16 million SHIB tokens, according to Shibburn, the coin&#8217;s official burn tracker. [&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-22083","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\/22083","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=22083"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22083\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}