Stop everything! 🛑 Hold onto that leash 🐕🦺 because 20,423,263 SHIB just took a one-way trip to the crypto graveyard! 💀 Yup, the Shiba Inu community is barking mad about this one. 🐾
Who do we blame, or thank, for this mass exodus of SHIB? None other than Shibburn, the X account that specializes in tracking crispy SHIB burns. And boy, did they drop a scorcher:
🔥 20,423,263 $SHIB -> transferred to dead wallet.
— Shibburn (@shibburn) February 21, 2025
Now, for our non-crypto fanatics, what’s a dead wallet, you ask? Think of it like sending your SHIB off to a hotel they can check into but never leave. 🎶 Hello darkness, my old friend… 🎶 Once it’s gone, it’s gone. No returns. No refunds. Just eternal darkness. 🌑
This is all part of a master plan (cue the evil laughter 🧛♂️). Burn the supply, make fewer SHIBs available, and hope the price goes up. Basic economics, right? Well, unless someone burns their password. Again. 🔑🚫
But wait, there’s more! As if that mammoth SHIB roast wasn’t enough, Shibburn shared another sizzling tidbit: 12,938,434 SHIB followed their friends to the crypto ghost town. 🎃 Together, both burn-offs mean a whopping 35,079,546 SHIB went up in digital smoke in just one day. That’s like lighting a money bonfire… but cooler. 😎🔥
In the last seven days, an unbelievable 115,617,310 SHIB tokens joined the spirit world. If this trend continues, there’s going to be more burning than a garlic festival on a sunny day! 🧄🔥
Shiba Inu price action
Okay, fine, let’s talk numbers. 📊 SHIB ticked up 2.41% in the last 24 hours, reaching a price of $0.00001574. Sure, it’s like finding a penny under the couch cushions, but hey, every bit counts, right? 🛋️😎
Now, analysts are throwing around terms like “death cross.” Sounds spooky, huh? Like the name of a heavy metal band from the 80s or something. 🎸 But fear not! The “death cross” essentially means short-term averages dipped below longer-term moving averages. Translation? SHIB might just be ready for a glow-up! 💅✨
If things heat up (and we’re not talking about burning this time), breaking past $0.00001898 and $0.0000192 could send SHIB skyrocketing to $0.0000334. Maybe even higher. 🚀 And then? Who’s laughing now, Bitcoin?! Muhahahaha! 🤪
Meanwhile, over in altcoin-ville, CryptoQuant CEO Ki Young Ju is confidently waving the “Alt Season” flag. 🏳️ What does that mean? Altcoins like SHIB might just have their moment in the sun, as trading volumes are OUTPACING BTC. Sorry Bitcoin, but you’re starting to look like yesterday’s dog chow. 🦴😅
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2025-02-21 14:12