Why 535 Trillion Shiba Inu Is the Biggest Comedy of the Crypto Century

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Ah, Shiba Inu (SHIB), the cryptocurrency equivalent of a very enthusiastic dog with a questionable sense of direction. Recently, it has experienced a slight hop on the ol’ price chart, like a pogo stick at a tea party, suggesting that perhaps its relentless sell-off trend might be having a wee lie-down. As of this scribbling, the cryptic coin had a celebratory jump of 3.76% within a day, reaching the lofty peak of $0.00001476. Such a return! I mean, it’s enough to make a sentient calculator shed a joyful binary tear! But alas, this is a tale of two fortunes, or rather, a tale of one small, furry token that’s lost about 4.4% of its weight just last week.

Enter the SHIB sell wall!

According to a rather troubling chart created by IntoTheBlock (they do love their dramatic names), the token now has a whopping 143.6 trillion SHIB, which is about 14.58% of its total supply, sitting comfortably in the lap of profitability. However, fear not! A staggering 83.68% of these eager little tokens, totaling 823.96 trillion SHIB, are still awaiting their moment of glory, stuck in the quagmire of misfortune. These poor chaps must be feeling a bit like the last digit at a long division party.

Now, despite this bright glimmer of hope in the midst of recent darkness, the profitability chart warns of an epic sell wall looming ahead like an overly enthusiastic troll on a bridge. According to the data (which is never wrong unless it is), a grand total of 136,000 addresses have come together, pooling their resources to buy a staggering 535.61 trillion SHIB at an average price of $0.000017. But as the Shiba Inu struggles to leap over that ever-elusive price mark, it finds itself facing the giant hurdle of $0.000015 to $0.000019 on its noble quest for recovery. Will it make it? Tune in for next week’s episode of “As the Crypto Turns!”

Shiba Inu and the Pectra Catalyst – A Fantastic Beagle!

With the monumental rout (truly a canvas upon which many an artist could paint their sorrows), various projects within the altcoin universe have decided to cling desperately to the lifebuoy of positive ecosystem fundamentals to float their frail little boats. As bravely reported by U.Today, Shiba Inu executives have quite melodramatically proclaimed how the Pectra Upgrade could shower blessings upon the SHIB ecosystem much like confetti at a victory parade.

According to the ever-hopeful Lucie, once the upgrade swings into action like a cat toy on a string, fees on the Shibarium Bridge will certainly become cheaper, and users will find themselves onboard with the ease of slipping into a well-worn pair of slippers. This delightful change could coax more curious passersby to stop and adopt SHIB, potentially leading to a delightful uptick in both accumulation and, fingers crossed, price surges.

And while we’re on the subject of enthusiasm, the SHIB burn metric has continued to be elevated, with millions of tokens destined to meet a fiery end, all in a noble quest to create some good ol’ fashioned scarcity. Because, as we all know, nothing says “I love you” quite like a reduced supply!

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2025-02-27 18:08