SHIB Burns Go Wild, But Don’t Get Too Excited Just Yet…

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Well, well, well! The Shibburn blockchain tracker has once again graced us with some “jaw-dropping” data: SHIB burns have spiked an astonishing 857%! Over half a billion meme coins are now merrily swimming in the bottomless pit of dead wallets. Can you hear the *crickets* of hope? 😏

And just in case you were getting your hopes up about a price rally, don’t get ahead of yourself! The second most popular meme cryptocurrency (after that meme-dog coin, obviously) managed to claw back a modest 4% of its losses this week. Congratulations, I guess? 🎉

SHIB Burns: An 857% Surge, But Don’t Hold Your Breath

According to the aforementioned data source—yes, the one that loves to spill these “exciting” details—no less than 551,362,754 SHIB have been torched in the last seven days. Talk about burning through your hopes, right? That’s a skyrocketing burn rate of 856.72%. Whew, who needs a fireplace when you have these numbers? 🔥

But here’s the real kicker: March 15th saw the largest batch of SHIBs ever sent to the great blockchain beyond. A staggering 459,294,504 SHIB were burned in a single transaction. Guess what happened then? Daily burns shot up by a mind-boggling 27,660%. Yeah, that’s what dreams are made of, folks. ✨

HOURLY SHIB UPDATE
$SHIB Price: $0.00001289 (1hr 0.56% ▲ | 24hr 2.37% ▲ )
Market Cap: $7,556,992,093 (1.70% ▲)
Total Supply: 589,254,627,612,826

TOKENS BURNT
Past 24Hrs: 2,359,521 (-75.68% ▼)
Past 7 Days: 551,362,754 (856.72% ▲)

— Shibburn (@shibburn) March 20, 2025

But wait, plot twist! In the past 24 hours, daily burns took a nosedive, down by 75.68%. A mere 2,359,521 SHIB were sacrificed to the meme gods. Is this the beginning of the end, or just a brief hiccup? Who knows? It’s all part of the SHIB rollercoaster, baby! 🎢

But don’t let that stop your fantasy of a SHIB price soaring to the mighty heights of $1—or at least a dreamy $0.01. The goal here is to make the coin as scarce as your willpower during a meme stock rally. Just imagine the panic-buying. Get in early! 💸

In case you’re still keeping track, according to the Shibburn site, a grand total of 410,745,372,387,173 SHIB coins have been sent to the eternal void of “dead wallets.” Meanwhile, 4,904,847,020,312 SHIB coins are chilling in the staking pool, temporarily not circulating. And just in case you’re wondering, there’s still 584,349,780,592,513 SHIB floating around out there in the wild. It’s a numbers game, folks. The bigger the number, the greater the meme, right?

Shibarium: The Saviour of SHIB Burns

Hold your applause, the real hero here might just be Shibarium. Only two days ago, the Shibarium Updates X account (yes, they tweeted it—so it’s gotta be true) reassured the community that Shibarium is actively removing meme coins from circulation. And no, it’s not because they’ve suddenly become benevolent—it’s because every transaction on Shibarium uses gas fees, paid in BONE tokens, and a portion of those fees is dutifully burned. Kind of like paying for your coffee with a coupon that’s set on fire. ☕🔥

According to their tweet, 30% of the gas fee goes to supporting Shibarium itself (thanks for that!), and the remaining 70% is used to purchase SHIB, which is then burned. A lovely little cycle, isn’t it? And just to rub it in, the tweet also shared a link to the Shibburn page where you can watch all the burns unfold in real-time. Because nothing says “you’re losing money in style” like a live burn feed. 🎥

Oh, and right now, they’re about to burn another 13,209,679.60 SHIB. That’s… cute. Every little bit counts, right? 😏

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2025-03-20 13:02