Shiba

Burn

Shiba Inu

<div class="watcher-guru"> 
 <p>Shiba Inu team member Ragnar has sparked rumors of a potential breakout for SHIB. In a since-deleted X post, Ragnar alludes to a breakout caused by a record-shattering Shiba Inu burn, with 9.25 trillion SHIB being burned this month. It’s unclear why the post was deleted, but some in the SHIB community believe it was to avoid raising expectations too high.&nbsp;</p> 
 <p>For context, the highest number of SHIB tokens burned in a month was in the mere billions. The only time a trillion Shiba Inu tokens were burned in a single year, let alone a month, was from Etherehm founder Vitalik Buterin.&nbsp;</p> 
 <figure class="wp-block-image size-large">
  <img decoding="async" width="1024" height="802" src="https://cdn.thebittimes.com/images/2024/01/09/ae4a2d377a1cdc17e6aa08406b6234c1.webp" alt="Shiba Inu team member Ragnar has sparked rumors of a potential breakout for SHIB, thanks to a rumored 9.25 trillion burn." class="wp-image-120986" srcset="https://cdn.thebittimes.com/images/2024/01/09/ae4a2d377a1cdc17e6aa08406b6234c1.webp 1024w, https://cdn.thebittimes.com/images/2024/01/09/ae4a2d377a1cdc17e6aa08406b6234c1.webp 300w, https://cdn.thebittimes.com/images/2024/01/09/ae4a2d377a1cdc17e6aa08406b6234c1.webp 768w, https://cdn.thebittimes.com/images/2024/01/09/ae4a2d377a1cdc17e6aa08406b6234c1.webp 380w, https://cdn.thebittimes.com/images/2024/01/09/ae4a2d377a1cdc17e6aa08406b6234c1.webp 550w, https://cdn.thebittimes.com/images/2024/01/09/ae4a2d377a1cdc17e6aa08406b6234c1.webp 800w, https://cdn.thebittimes.com/images/2024/01/09/ae4a2d377a1cdc17e6aa08406b6234c1.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: WatcherGuru
  </figcaption>
 </figure> 
 <p><strong>Also Read: Shiba Inu [SHIB] Weekly Price Prediction</strong></p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div> 
 </div> 
 <p>Perhaps a burn is coming this month, and Ragnar’s tweet was a typo, or overall overlooking on his part. Shibarium will likely contribute to a major Shiba Inu burn phase this month, but one in the trillions is unlikely. The layer 2 network contributed almost 34 billion burned SHIB to last year’s total 76 billion+ burned in total. In January this far, 64 million SHIB has been burned.&nbsp;</p> 
 <p>Therefore, Ragnar’s tweet hinting at rumors of a huge Shiba Inu burn is likely dramatized. At most, the dog-themed cryptocurrency will likely burn in the hundreds of billions in January.&nbsp;A bullish breakout for Shiba Inu may come with a Shiba Inu burn phase, but not in the trillions.</p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div> 
 </div> 
 <p></p> 
</div> 
<div class="cs-entry__tags">
 <ul>
  <li>shib</li>
  <li>shiba inu</li>
  <li>Shiba Inu Burn</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/shiba-inu-9-25t-shib-burn-sparks-rumors-of-0-001-breakout-tbt75957.html">https://thebittimes.com/shiba-inu-9-25t-shib-burn-sparks-rumors-of-0-001-breakout-tbt75957.html</a></p>

Shiba Inu 9.25T SHIB Burn Sparks Rumors of $0.001 Breakout

TheBitTimes

Other articles published on Jan 8, 2024

CNBC foresees immediate spot Bitcoin ETF trading if approved Wednesday

Pandoshi Token Gaining More Attention in 2024

⏰ LAST CHANCE - DON’T MISS OUT! ⏰

ChainsAtlas Partners With AELF Amid a Rise in the Use of DAPPs

🚀✨ WEEKLY HODL ROUNDUP: JAN 1 - JAN 7, 2024 ✨🚀

Bitcoin Price Breaks Through $47,000, Bullish Sentiment Builds With Anticipation Of ETF Approval

Join our free newsletter for daily crypto updates!