Breaking news, Shiba Inu fans! The crypto world just turned into a fiery inferno faster than your favorite reality TV drama. Thanks to the ultra-reliable Shibburn platform (because who doesn’t trust a website with a dragon logo?), we found out that a staggering 23,571,440 SHIB just evaporated into the digital ether. Yep, almost two dozen SHIB coins took a one-way trip out of circulation—probably to a better place where meme coins live happily ever after.
Meanwhile, the SHIB price did a little jig of despair, dropping a sad 7.31% in just three hours. Because who needs stability when you can have chaos, right? 🎢
23,571,440 SHIB gone in minutes — like magic or a really bad magic trick
The scoop from our beloved Shibburn is that since yesterday morning, a total of 23,738,202 SHIB have been burned (poof—gone!). The biggest smoke break involved those 23,571,440 SHIB—seriously, someone just hit the delete button. The tiny leftover pile of less than 200,000 SHIB was burned too, because apparently, the community likes to keep things dramatic.
This mass extinction bumped up the daily SHIB burn rate by a whopping 74.86%. Because nothing says “invest in meme coins” like burning a few million for fun and profit. The day before, they burned nearly 29 million SHIB in three separate transactions, making it look like a flash sale at the virtual coin store. The community clearly loves to burn more than they love their own reflection in the crypto mirror.
Over the past week, brave Shiba warriors have torch-tested over one billion coins—like, a billion in a week! All thanks to Shibarium and its automatic burn portal. Because who doesn’t want their crypto to resemble a magic trick gone wrong? 🧙♂️
SHIB price plunges 7.31% — Bye Bye, Meme Magic?
Meanwhile, in the less funny side of the story, SHIB’s value took a nosedive—dropping 7.31% today—probably crying into its virtual pillow. The cryptocurrency market collectively decided to have a bad day, dragging Bitcoin down by 2.44%. Bitcoin, the grandpa of crypto, was once flirting with $112,000 but now looks like it’s just $108,550—because who doesn’t love a good rollercoaster?
Apparently, the big guns—aka institutional investors—are selling off at a loss, which is basically code for “I regret every decision I ever made.” They’re also dropping leverage faster than your New Year’s resolutions. Traders are just sitting around, waiting for macroeconomic signs like the U.S.-China trade talks, because nothing says “stability” like playing the waiting game while crypto prices tumble.
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2025-05-23 17:18