Shiba

Burn

Bitcoin

Shiba Inu

Billion

<div class="watcher-guru">
 <p>Shiba Inu’s (SHIB) burn rate has spiked by over 7.6 million percent, burning over 8.3 billion tokens in the last 24 hours. One transaction, in particular, removed a majority of the coins, incinerating more than 8.2 billion SHIB.</p>
 <figure class="wp-block-image size-full is-resized"><img decoding="async" width="686" height="614" src="https://cdn.thebittimes.com/images/2023/12/05/abf4527eb5b4a0b13fb9d7029b3d4764.webp" alt class="wp-image-120793" style="width: 100%;height:auto" srcset="https://cdn.thebittimes.com/images/2023/12/05/abf4527eb5b4a0b13fb9d7029b3d4764.webp 686w, https://cdn.thebittimes.com/images/2023/12/05/abf4527eb5b4a0b13fb9d7029b3d4764.webp 300w, https://cdn.thebittimes.com/images/2023/12/05/abf4527eb5b4a0b13fb9d7029b3d4764.webp 380w, https://cdn.thebittimes.com/images/2023/12/05/abf4527eb5b4a0b13fb9d7029b3d4764.webp 550w" sizes="(max-width: 686px) 100vw, 686px">
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   Source: Shibburn
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 </figure>
 <p><strong>Also Read: Shiba Inu: Weekly $100 Since Launch Could Have Got $1.3 Billion</strong></p>
 <p>Shiba Inu’s (SHIB) price has surged 12% in the weekly charts and 13.3% over the previous month. However, the token is still down by 0.6% in the last 24 hours.</p>
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 <figure class="wp-block-image size-large is-resized"><img decoding="async" width="1024" height="66" src="https://cdn.thebittimes.com/images/2023/12/05/8196b48713b12fb3f8b26b58127e0536.webp" alt class="wp-image-120794" style="width: 100%;height:auto" srcset="https://cdn.thebittimes.com/images/2023/12/05/8196b48713b12fb3f8b26b58127e0536.webp 1024w, https://cdn.thebittimes.com/images/2023/12/05/8196b48713b12fb3f8b26b58127e0536.webp 300w, https://cdn.thebittimes.com/images/2023/12/05/8196b48713b12fb3f8b26b58127e0536.webp 768w, https://cdn.thebittimes.com/images/2023/12/05/8196b48713b12fb3f8b26b58127e0536.webp 1536w, https://cdn.thebittimes.com/images/2023/12/05/8196b48713b12fb3f8b26b58127e0536.webp 2048w, https://cdn.thebittimes.com/images/2023/12/05/8196b48713b12fb3f8b26b58127e0536.webp 380w, https://cdn.thebittimes.com/images/2023/12/05/8196b48713b12fb3f8b26b58127e0536.webp 550w, https://cdn.thebittimes.com/images/2023/12/05/8196b48713b12fb3f8b26b58127e0536.webp 800w, https://cdn.thebittimes.com/images/2023/12/05/8196b48713b12fb3f8b26b58127e0536.webp 1160w, https://cdn.thebittimes.com/images/2023/12/05/8196b48713b12fb3f8b26b58127e0536.webp 2374w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: CoinGecko
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 </figure>
 <p>It is unclear if the massive burns pushed SHIB’s price or if it was because of the market rally. Bitcoin (BTC) surpassed the $41,000 mark, propelling other cryptocurrencies. SHIB is getting very close to deleting a zero in its price after the decimal point, which it gained in August this year.</p>
 <h3 class="wp-block-heading" id="h-will-shiba-inu-delete-a-zero-soon">Will Shiba Inu delete a zero soon?</h3>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2023/12/05/4a6a53b7a1afa0ea7060df320048358a.webp" alt="When Will Shiba Inu (SHIB) Delete a Zero From Its Price?" class="wp-image-120409" srcset="https://cdn.thebittimes.com/images/2023/12/05/4a6a53b7a1afa0ea7060df320048358a.webp 1024w, https://cdn.thebittimes.com/images/2023/12/05/4a6a53b7a1afa0ea7060df320048358a.webp 300w, https://cdn.thebittimes.com/images/2023/12/05/4a6a53b7a1afa0ea7060df320048358a.webp 768w, https://cdn.thebittimes.com/images/2023/12/05/4a6a53b7a1afa0ea7060df320048358a.webp 1536w, https://cdn.thebittimes.com/images/2023/12/05/4a6a53b7a1afa0ea7060df320048358a.webp 380w, https://cdn.thebittimes.com/images/2023/12/05/4a6a53b7a1afa0ea7060df320048358a.webp 550w, https://cdn.thebittimes.com/images/2023/12/05/4a6a53b7a1afa0ea7060df320048358a.webp 800w, https://cdn.thebittimes.com/images/2023/12/05/4a6a53b7a1afa0ea7060df320048358a.webp 1160w, https://cdn.thebittimes.com/images/2023/12/05/4a6a53b7a1afa0ea7060df320048358a.webp 1792w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
 <p>Shiba Inu (SHIB) has to rally by about 10% to delete the zero it gained in August. SHIB’s price has struggled for most of 2023, gaining only about 12.2% since January 2023. On the other hand, Bitcoin (BTC) has surged by over 150%, and Solana (SOL) has risen by over 500% in the same time frame. Memecoins, in general, took a backseat in 2023. Despite a significant layer-2 network launch earlier this year, SHIB’s price did not rally.</p>
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 <p><strong>Also Read: Shiba Inu: How To Be a Millionaire When SHIB Hits $0.01?</strong></p>
 <p>According to PricePredictions, SHIB’s price will drop over the next few days. The platform does not anticipate SHIB to delete a zero this year. PricePredictions expects SHIB to drop to $0.00000898 by Dec. 11, 2023, a fall of about 1.2% from current levels.</p>
 <p>CoinCodex also does not anticipate Shiba Inu (SHIB) to delete a zero this year. The platform predicts SHIB to hit a price of $0.00000907 on Dec. 11, 2023, a 0.2% dip from current levels.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="360" src="https://cdn.thebittimes.com/images/2023/12/05/228c2a097e5483a3a0c73e745e62a8b9.webp" alt class="wp-image-120807" srcset="https://cdn.thebittimes.com/images/2023/12/05/228c2a097e5483a3a0c73e745e62a8b9.webp 1024w, https://cdn.thebittimes.com/images/2023/12/05/228c2a097e5483a3a0c73e745e62a8b9.webp 300w, https://cdn.thebittimes.com/images/2023/12/05/228c2a097e5483a3a0c73e745e62a8b9.webp 768w, https://cdn.thebittimes.com/images/2023/12/05/228c2a097e5483a3a0c73e745e62a8b9.webp 1536w, https://cdn.thebittimes.com/images/2023/12/05/228c2a097e5483a3a0c73e745e62a8b9.webp 380w, https://cdn.thebittimes.com/images/2023/12/05/228c2a097e5483a3a0c73e745e62a8b9.webp 550w, https://cdn.thebittimes.com/images/2023/12/05/228c2a097e5483a3a0c73e745e62a8b9.webp 800w, https://cdn.thebittimes.com/images/2023/12/05/228c2a097e5483a3a0c73e745e62a8b9.webp 1160w, https://cdn.thebittimes.com/images/2023/12/05/228c2a097e5483a3a0c73e745e62a8b9.webp 1690w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CoinCodex
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 </figure>
 <p></p>
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<div class="cs-entry__tags">
 <ul>
  <li>shiba inu</li>
 </ul>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-burn-rate-spikes-7-686-774-will-it-delete-a-zero-tbt72600.html">https://thebittimes.com/shiba-inu-burn-rate-spikes-7-686-774-will-it-delete-a-zero-tbt72600.html</a></p>

Shiba Inu: Burn Rate Spikes 7,686,774%, Will it Delete a Zero?

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