SHIB is BURNING! 🚀💥

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Hey, you know what’s a real gas? The Shiba Inu cryptocurrency, that’s what! And right now, it’s burning up the charts like a hot dog vendor at a baseball game! 🌭

Get this, folks – the burn rate of SHIB has gone up by a whopping 1,014% in the last 24 hours! That’s like me trying to eat a whole pizza by myself – it’s just not gonna happen! 🍕

But seriously, by burning off all those extra SHIB tokens, the community is creating scarcity and driving up the value. It’s like a big game of musical chairs, except instead of chairs, it’s SHIB tokens, and instead of music, it’s the sound of dollars being made! 💸

HOURLY SHIB UPDATE$SHIB Price: $0.00002045 (1hr -0.88% ▼ | 24hr -3.03% ▼ )
Market Cap: $12,058,600,807 (-3.01% ▼)
Total Supply: 589,256,855,981,115

TOKENS BURNT
Past 24Hrs: 6,607,094 (1014.1% ▲)
Past 7 Days: 43,925,619 (-47.25% ▼)

— Shibburn (@shibburn) January 24, 2025

According to Shibburn, the SHIB burn tracker, 6,607,094 SHIB tokens were sent to the great beyond in the past 24 hours. That’s like me trying to count all the grains of sand on the beach – it’s just not gonna happen! 🏖️

And if that wasn’t enough, in the last seven days, a whopping 43,925,619 SHIB tokens were incinerated. I mean, who needs that many SHIB tokens, anyway? It’s like me trying to eat a whole elephant by myself – it’s just not gonna happen! 🐘

So, what’s the big deal, you ask? Well, my friends, this is all part of the Shiba Inu community’s plan to turn SHIB from a meme token to a serious contender in the crypto space. And if they succeed, we’ll all be laughing all the way to the bank! 🏦

SHIB price shows modest reaction

But, you know, the price of SHIB hasn’t really budged much. It’s like me trying to get a cat to do tricks – it’s just not gonna happen! 🐈

As of this writing, SHIB was trading at $0.00002043, up 1.43% in the last 24 hours. Yeah, yeah, yeah, it’s a modest movement, but hey, it’s a start, right? 🎉

And if you’re wondering why the price isn’t moving, well, it’s probably because the cryptocurrency market is all abuzz about the executive order to ban the digital dollar and promote crypto and AI innovation. Yeah, because that’s exactly what we need – more government involvement in our lives! 🤣

But, hey, at least the “all tenant rent” index, which leads shelter inflation in the CPI, increased at a slower rate last quarter. That’s like me getting a raise at work – it’s a good thing! 💸

So, what’s next for SHIB? Well, my friends, it’s anyone’s guess. But one thing’s for sure – it’s gonna be a wild ride! 🎢

And if you’re feeling brave, you can take a look at the daily moving averages of 50 and 200, which are at $0.00002360 and $0.00001925, respectively. Yeah, yeah, yeah, it’s like trying to read a map – it’s just not gonna happen! 🗺️

But, hey, if you’re feeling lucky, you can try to break above the daily SMA 50 and start a new uptrend in the SHIB price. Or, you know, you can just sit back and watch as the price goes down, down, down like a lead balloon! 🎈

Either way, it’s gonna be a wild ride, folks! So, buckle up and hold on tight! 🎠

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2025-01-24 16:04