Saturday, August 16, rolled over the land like a lazy dog chasing its tail, and Shiba Inu-our four-legged joke of a coin-sat tight as a tick on a hound’s ear, stuck in the same dusty price corral. The neon numbers on the screen blinked $0.000013, a figure so small it could hide under a gnat’s eyelash. Down 18% from July’s brief romp and a full 27% from the year’s high-water mark, the pup looked more whimper than woof.
But numbers are cruel ranch hands; they don’t pat heads, they count teeth. And the teeth-those jagged little Exponential Moving Averages-showed SHIB had slipped under both the 50-day and 100-day fences. The chart itself drew a tired, ironic smirk: a head-and-shoulders pattern, like some poor soul shrugging at fate. Head at $0.00001760, shoulders sagging at $0.000016, neckline drooping to $0.00001027. One slip of the paw below that neckline, and the mutt might tumble clear to $0.000090-yes, another zero for the scrapbook. 🙃
Only a hop over the $0.000015 fence could wag the tail bullish again, but that hop feels longer than a Sunday sermon.
They Torched 3.77 Million Tokens and Still Got Fleas
Word came down the wire that somebody lit a match to 3.77 million SHIB Saturday night-a 1,550% blaze that would make any pyromaniac proud. One wallet coughed up 3.5 million of those pups straight into the digital graveyard, never to bark again. The circulating supply now limps along at 584 billion, down from the original 999.9 billion-proof that even funny-money can go on a diet.
In theory, less supply means fatter bags. In practice, the bags keep leaking. Nansen’s ledger shows the small-fry traders-those eternal optimists with pockets full of lint-cut their stash from 70 billion to 61.7 billion. The whales, meanwhile, hold steady at 45 billion, as motionless as cows in noon shade. Translation: the big fish aren’t biting, and the little ones are swimming for cover.
Open interest in SHIB futures shrank from $328 million down to $173 million-roughly the difference between a steak dinner and gas-station jerky. Fewer bets, less bark, more bite.
As for Shibarium, that promised land of apps and glory? Total value locked is now $1.69 million, which wouldn’t buy you a decent tractor, let alone a moon ticket. The ecosystem feels like a ghost town where even tumbleweeds ask for gas money.
So here we are, friend: SHIB’s burning bones while the price howls at the moon it never reaches. 😏 Maybe the dog should fetch a real job.
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2025-08-16 18:25