{"id":18483,"date":"2024-09-03T12:41:13","date_gmt":"2024-09-03T12:41:13","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=18483"},"modified":"2024-09-03T12:41:13","modified_gmt":"2024-09-03T12:41:13","slug":"shiba-inu-coin-incineration-summary-for-august-2024","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/shiba-inu-coin-incineration-summary-for-august-2024\/","title":{"rendered":"Shiba Inu Coin Incineration Summary for August 2024"},"content":{"rendered":"\n

In the crypto world, Shiba Inu burns have become a common practice initiated by the community to decrease the circulating supply of SHIB tokens. August 2024 had its fair share of burning activities, marking a notable amount of Shiba Inu coins being incinerated during the month.<\/p>\n

<\/span>680 Million Shiba Inu Tokens Burned<\/span><\/h2>\n

Shibburn, the platform monitoring burnt Shiba Inu tokens, published its monthly update<\/a> disclosing the total tokens sent to the burn address. The month concluded on a positive note with a substantial increase compared to the previous month.<\/p>\n

In August, a total of 680,798,109 SHIB tokens were incinerated, equivalent to $9,347.36. This marked a significant surge from the previous month, indicating a 79.41% rise. Despite some disappointing days earlier in the month with no burns, there was a gradual improvement as August progressed.<\/p>\n

The final day of August witnessed the highest single-day burn with nearly 300 million tokens destroyed, constituting more than 30% of the total for the month. This surge hinted towards investors rushing to burn tokens before the month ended.<\/p>\n

<\/span>September Commences with a Decreased Burn Rate<\/span><\/h2>\n

Following the positive ending to August, the burn rate for Shiba Inu coins has seen a decline at the beginning of September. Data from Shibburn reveals<\/a> that only 1,043,343 SHIB tokens were burnt on September 1, a significant 99.63% drop in the burn rate for the meme coin from the previous month.<\/p>\n

The Shiba Inu price has also faced challenges, experiencing an over 8% decline in a week. However, a recent recovery on Monday provides hope for a price uptrend if the bullish momentum can be sustained.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

In the crypto world, Shiba Inu burns have become a common practice initiated by the community to decrease the circulating supply of SHIB tokens. August 2024 had its fair share of burning activities, marking a notable amount of Shiba Inu coins being incinerated during the month. 680 Million Shiba Inu Tokens Burned Shibburn, the platform […]<\/p>\n","protected":false},"author":1,"featured_media":18484,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Shiba Inu Coin Incineration Summary for August 2024 - Bitrabo","description":"In the crypto world, Shiba Inu burns have become a common practice initiated by the community to decrease the circulating supply of SHIB tokens. August 2024 had"},"footnotes":""},"categories":[316],"tags":[4647,7994,2246,682,7993,585,1032,6880,584,3358,541],"class_list":["post-18483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-august","tag-august-2024","tag-burn","tag-heres","tag-incinerated","tag-inu","tag-shib","tag-shib-tokens","tag-shiba","tag-shiba-inu","tag-tokens"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/18483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=18483"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/18483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/18484"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=18483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=18483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=18483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}