Ah, the Shiba Inu burn rate has skyrocketed like a rocket strapped to a very ambitious dog. 🐶 Space enthusiasts (and token holders) are now abuzz with renewed hope and dreams of Lamborghinis they’ll never drive. According to Shibburn data, the burn rate has surged by an eye-watering 2,753% in just 24 hours, with 6,442,486 SHIB tokens sent to their eternal resting place—also known as “dead wallets.” Rest in peace, little tokens. 🕯️
HOURLY SHIB UPDATE
$SHIB Price: $0.00001336 (1hr 0.87% ▲ | 24hr 1.75% ▲ )
Market Cap: $7,877,950,915 (2.06% ▲)
Total Supply: 589,248,558,834,358TOKENS BURNT
Past 24Hrs: 6,442,486 (2753.51% ▲)
Past 7 Days: 135,130,906 (360.87% ▲)— Shibburn (@shibburn) July 25, 2025
But wait, there’s more! If you zoom out to the seven-day view (because why stop at one day?), you’ll see that a mind-blowing 135,130,906 SHIB tokens have been incinerated over the past week. It’s almost like someone set a pile of monopoly money on fire, but this time it actually matters. 🔥 This highlights not only increased community efforts but also the tireless work of automated burns within the Shiba Inu ecosystem—because who needs human intervention when bots can do the job?
Token burning, for those unfamiliar with the concept, is essentially cryptocurrency’s version of Marie Kondo decluttering your wallet. 🧹 By reducing the total supply, scarcity increases, theoretically boosting long-term value. And yes, the Shiba Inu burns remain gloriously community-driven, bolstered by ecosystem applications that route portions of transactions straight into digital oblivion.
So… What About the Price?
Shiba Inu is currently trading at $0.00001367—a modest recovery of 0.13% in the last 24 hours. But let’s be honest, if you’re holding SHIB, you’re probably clinging to hope harder than a cat clings to curtains. 🐱 Like most cryptocurrencies, SHIB took a nosedive earlier this week due to profit-taking—or perhaps everyone just got tired of staring at charts.
Things got particularly hairy when significant resistance reared its ugly head at the $0.00001598 level on July 21. Prices plummeted faster than a cat falling off a shelf, breaking through multiple technical support levels until hitting a low of $0.00001299 on July 24. Ouch. Thankfully, prices recovered slightly afterward, because apparently even cryptocurrencies need a nap before continuing their existential journey.
While SHIB dipped below the 200-day Simple Moving Average (SMA), which tracks long-term trends, it managed to stay above the Ichimoku cloud on the daily chart. For non-chart nerds, staying above the cloud is considered bullish—like wearing sunglasses indoors cool. 😎 However, the Relative Strength Index (RSI) hovering around 50 suggests we might be in for some consolidation. Translation: Brace yourselves; boredom lies ahead.
In conclusion, whether you’re here for the memes, the potential gains, or just the sheer absurdity of it all, remember: Cryptocurrency is less about logic and more about faith. Faith—and maybe a dash of madness. 🌟 So hold tight, keep burning, and dream big. Or small. Depends on how many zeros are in your bank account. 😉
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2025-07-25 16:32