Shiba Inu’s Wild Ride: 112% Spike or Just a Doggone Fluke? 🐶💸

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So, here’s the scoop: in the last 24 hours, a whopping 1,813,008 SHIB tokens were burned. Yes, you heard that right! That’s like burning a single slice of pizza when you ordered a whole pie. 🍕 But wait, there’s more! This tiny burn has led to a jaw-dropping 112% spike in the daily burn rate. I mean, who knew burning tokens could be so… exciting? 🎉

Now, let’s break it down. The day before yesterday, only 851,788 SHIB were burned. That’s a 63% drop! It’s like watching your favorite show get canceled after one season. 😱 So, when you compare the last 24 hours to that, it’s like saying, “Look, I can jump higher than a toddler on a sugar rush!”

HOURLY SHIB UPDATE
$SHIB Price: $0.0000122 (1hr 0.26% ▲ | 24hr -0.93% ▼ )
Market Cap: $7,179,624,783 (-0.64% ▼)
Total Supply: 589,255,178,975,580

TOKENS BURNT
Past 24Hrs: 1,813,008 (112.85% ▲)
Past 7 Days: 57,630,312 (-47.46% ▼)

— Shibburn (@shibburn) March 13, 2025

Now, burning SHIB is supposed to make it rarer, like that vintage T-shirt you keep in your closet. But let’s be real, the current burn volumes are about as exciting as watching paint dry. 🎨 This could be because the crypto market is having a bit of a meltdown, like a toddler throwing a tantrum in a candy store. 🍬

But hey, don’t count the Shiba Inu community out just yet! The 112% spike shows they’re still trying to make SHIB great again. In the last week, they burned 57,622,535 tokens, which is a 47.47% drop in the weekly burn rate. It’s like trying to lose weight but only managing to drop a single pound. Every little bit counts, right? 😅

SHIB price action

After a four-day nosedive, Shiba Inu decided to pull itself up by its bootstraps and rebound from a low of $0.00001082 on March 11. It’s like watching a puppy learn to walk—adorable and a little wobbly! 🐕

Wednesday ended on a high note for SHIB as the latest U.S. core Consumer Price Index (CPI) print came in lower than expected at 3.1%. It’s like finding out your favorite ice cream shop has a surprise sale! 🍦

This cooling inflation data might just give the Federal Reserve the nudge to lower interest rates this year, which could pump some much-needed cash into the markets. Fingers crossed for those risk-on assets! 🤞

As of now, SHIB has taken a slight step back, down 0.55% in the last 24 hours to $0.00001223 and down 10% weekly. It’s like the market is saying, “Let’s take a breather, folks!”

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2025-03-13 18:08