SHIB Burns Skyrocket 1,306% with 30,156,987 SHIB Gone Forever

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SHIB Burn Rates Go Insane! 1,306% Surge with 30 Million SHIB Disappearing

Gather round, dear crypto enthusiasts! The magical, meme-fueled world of SHIB burns has just turned into a flaming inferno. Data, presented by the ever-watchful Shibburn—because who else could track such cryptic coin antics—reveals that over the last 24 hours, a truly eye-watering number of SHIB tokens were ceremoniously sent to the great blockchain beyond.

Meanwhile, as if the crypto market had decided it was time for a nap after too many energy drinks, it has finally decided to wake up and stretch, with SHIB’s price recovering by a delightful 5%. No one saw that coming—except, you know, everyone who believes in meme magic.

The SHIB Burn Apocalypse: 1,306% Surge!

Yes, folks, you read that correctly. In the last 24 hours, the SHIB community has set fire to a staggering 30,156,987 SHIB. That’s 30 million little dog-themed tokens, vaporized into nothingness, all in the name of… well, whatever meme coins are really about. This fiery burn is a massive 1,306% surge in the daily burn rate! It’s like someone lit the candle of destruction with a flamethrower.

This monumental feat wasn’t accomplished by a single heroic burn transaction, no. Four transactions (yes, four!) stepped up to the plate, with the largest two disposing of 18,910,211 SHIB and 10,326,663 SHIB. That’s some serious coin-flinging, if I do say so myself.

For comparison’s sake, the day before, the burn rate was a mere 107%. Pfft, rookie numbers. This is like comparing a sparkler to a fire-breathing dragon.

Shibburn also shared a weekly burn rate stat, showing a 50.8% rise, with 142,062,714 SHIB incinerated over the last seven days. This, my dear reader, is nearly five times the daily burn. You can practically hear the burning sound of SHIB from here. 🔥

HOURLY SHIB UPDATE$SHIB Price: $0.00001434 (1hr -0.55% ▼ | 24hr 0.35% ▲ )
Market Cap: $8,447,369,087 (0.34% ▲)
Total Supply: 589,255,346,351,380

TOKENS BURNT
Past 24Hrs: 30,156,987 (1306.07% ▲)
Past 7 Days: 142,062,714 (50.8% ▲)

Crypto Market Decides It’s Time for a Comeback

After what seemed like an eternal dive into the red, the cryptocurrency market has decided it’s time to rise from the ashes, just like a very rich phoenix. According to CoinMarketCap, the top twenty cryptos (and most of the top 100, if we’re being honest) have taken a delightful trip into the green zone. The party is back on!

Bitcoin, the bellwether of all that is crypto, rose by 2.45% after its price plummeted from $89,100 to $83,750. That’s a rollercoaster of a ride that could probably use seatbelts.

Ethereum followed Bitcoin’s lead, also climbing back after a harsh dip—because when Bitcoin sneezes, Ethereum catches a cold, right?

Meanwhile, the second most popular meme coin, Shiba Inu, decided it was time to stop sulking after a 15% drop earlier this week. It’s up by 9.77% since Tuesday, and roughly 5% in the last 24 hours. Yes, it’s been a wild ride.

So what caused this crypto chaos? Well, it all started when the markets decided to react to impending import tariffs between the US, Canada, and Mexico. They go live March 4th, but it was enough to shake up the market. And don’t forget the Fed’s lack of clarity on interest rates. They’re apparently keeping us all guessing. 🧐

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2025-02-27 12:43