SHIB Burn Rate Skyrockets: The Meme Coin Drama Unfolds! 🎉🔥

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In a most curious turn of events, the esteemed blockchain oracle known as Shibburn has revealed a rather astonishing phenomenon: the valiant SHIB army has, in the span of a mere day, managed to expel a considerable quantity of SHIB meme coins from the realm of circulation. One might say they have taken to their task with the fervor of a peasant at a harvest festival, albeit with less hay and more digital currency.

Indeed, the current burn rate has surpassed that of the previous day by a factor of four, as if the coins themselves were eager to escape their earthly bonds. One can only imagine the coins, in their digital form, flailing about in a desperate bid for freedom. 🏃‍♂️💨

SHIB burn rate soars 807%

In a recent proclamation via the Twitter ether, our aforementioned data source has disclosed that over the last 24 hours, a staggering quantity of meme coins has been consigned to the void—transferred, if you will, to those most unfortunate of blockchain addresses, the dead ends. It is as if they have been sent to a digital Siberia, never to return.

The SHIB army, in their relentless pursuit of coin liberation, has managed to incinerate a total of 20,530,875 SHIB. Yes, you read that correctly—these coins have vanished from the circulating supply, leaving behind a burn rate that has ascended to an astonishing 807.68%. One might say it’s a feat worthy of a bard’s ballad, if only bards were interested in cryptocurrencies. 🎶

HOURLY SHIB UPDATE
$SHIB Price: $0.00001579 (1hr -0.18% ▼ | 24hr -2.62% ▼)
Market Cap: $9,303,958,601 (-2.66% ▼)
Total Supply: 589,255,603,143,881

TOKENS BURNT
Past 24Hrs: 20,530,875 (807.68% ▲)
Past 7 Days: 62,766,791 (-94.6% ▼)

— Shibburn (@shibburn) February 10, 2025

Among the most significant of these burn transactions, two stood out like beacons in the night, carrying 13,561,250 and 6,327,651 SHIB, respectively. One can only wonder if the coins were aware of their impending fate, perhaps contemplating their existence as they were whisked away.

Weekly SHIB burns plummet hard

As for the weekly burn rate, alas, it appears to be languishing in the depths of despair, exhibiting a decline of 94.6%. It seems that even the most fervent of coin liberators can have an off week. Yet, despite this disheartening statistic, the total amount of coins transferred to unspendable wallets over the past week still exceeds the daily burns by a factor of three, totaling 62,766,791 SHIB. A small consolation, perhaps, akin to finding a forgotten ruble in one’s coat pocket.

To date, according to the SHIB burn website, a staggering 410,744,396,856,118 SHIB coins have been obliterated, largely thanks to the benevolent hand of Ethereum co-founder and public figure Vitalik Buterin. Meanwhile, a mere 584,285,875,445,159 SHIB remain in the market, as if they are the last remnants of a once-great empire, clinging to existence in a world that has moved on.

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2025-02-10 12:41