Right, so apparently, the Shiba Inu (SHIB) crew got all fiery in the last 24 hours, torching over 20.5 million SHIB tokens. That’s an 807% rise in the burn rate — kind of like accidentally setting fire to dinner *but on purpose*. 🐕🔥 Good for them, I suppose. The tokens were tossed into “dead-end wallets” (sounds so dramatic), which means they’ve retired forever to the great crypto retirement home in the sky. 👋 Bye, SHIB!
It seems the burn was largely sparked by two hefty transactions: one scorching 13.5 million SHIB, the other torching 6.3 million. Not exactly pocket change in meme-coin terms. Still, it’s like throwing a teaspoon of water into the ocean when you’ve got *trillions* of tokens to deal with. But hey, every little burn helps. 💁♀️
HOURLY SHIB UPDATE
$SHIB Price: $0.00001579 (1hr -0.18% ▼ | 24hr -2.62% ▼ )
Market Cap: $9,303,958,601 (-2.66% ▼)
Total Supply: 589,255,603,143,881TOKENS BURNT
Past 24Hrs: 20,530,875 (807.68% ▲)
Past 7 Days: 62,766,791 (-94.6% ▼)— Shibburn (@shibburn) February 10, 2025
But wait! Before we all start lighting bonfires in celebration, the weekly stats are here to bring us down to Earth—like a soggy marshmallow ruining your perfect campfire moment. SHIB burns took a nosedive by a not-so-casual 94.6% over the last seven days. So yeah, weekly enthusiasm? Not exactly inspiring a parade. Still, 62.7 million SHIB tokens got the axe, which isn’t nothing. Baby steps, they say. Or in SHIB’s case, baby burns. 🔥🐾
The whole point behind these burn-offs (besides the obvious pyromania vibes) is to create scarcity. Less supply + high demand = supposedly higher prices. In theory, anyway. Since this bonfire frenzy began, a whopping 410 trillion SHIB tokens have been reduced to ash. The community owes a big pat on the back to Ethereum co-founder Vitalik Buterin, who nuked about half of all SHIB tokens gifted to him. A true Marie Kondo moment if ever there was one: “Does this spark joy?” No? Burn it. 💥
Still, considering there are 584 trillion SHIB tokens still floating around, the word “scarcity” feels more like wishful thinking at the moment. But hey, optimism is free! And speaking of optimism, a crypto trader known as $SHIB Knight is out here preaching hope to his 467,000 followers. According to this knighted member of the SHIB army, the weekly chart is giving off “first green candle after five red ones” energy. Translation for mere mortals: Things might be looking up—possibly, maybe, fingers crossed. 🍀
$SHIB dip is gone. We’ve seen the first green candle on weekly chart after 5 red ones.
This is time for reversal. 💪📈
— $SHIB KNIGHT (@army_shiba) February 10, 2025
So, is SHIB the phoenix rising from its ashes, or just a candle trying not to melt? Time will tell. Meanwhile, I’ll just be here, watching this crypto soap opera unfold with a bowl of popcorn and a cautious optimistic sigh. 🎭🍿
Read More
- Cookie Run Kingdom Town Square Vault password
- Pi Network’s Grand Migration: 10 Million and Counting!
- Maiden Academy tier list
- Cuddly Cats Take Over in the Wildest Night of the Living Dead Remake!
- Kingdom Come Deliverance 2: Lion’s Crest DLC Quest Guide
- After The Odyssey’s First Look At Matt Damon’s Odysseus, Fans Think They’ve Figured Out Who Tom Holland Is Playing
- Former ‘Bachelorette’ Star Katie Thurston Reveals Breast Cancer Diagnosis: “Waiting on Learning What Stage”
- Nicky Campbell, Rising Fashion Influencer, Inks With The Jeffries for Management
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- Alec Baldwin’s TLC Reality Show Got A Release Date And There’s At Least One Reason I’ll Definitely Be Checking This One Out
2025-02-10 16:45