“Shiba Inu‘s Fiery Token Burn Fails to Heat Up Its Plunging Price… 🔥📉”
The Shiba Inu (SHIB) tokens fell under the hammer of flames once more as 15 million tokens perished in a fiery sacrifice. Yet, it appears even flames couldn’t ignite the sleepy meme coin, dealing it another merciless blow — a 6.4% price drop. Truly, it seems SHIB’s journey is less about a “To the moon!” 🚀 and more about “To the abyss!” 🌌.
The Dance of Ashes: A 470% Burn Surge
Oh, what a fiery spectacle! According to the diligent Shibburn tracker, the community united to incinerate a staggering 15,104,251 SHIB tokens. Amazing? Perhaps. Effective? Not so much. The burn rate catapulted over 470% in the past 24 hours, yet the price remains as sullen as a Siberian winter’s dawn.
Almost all tokens were set ablaze in a single fiery transaction. The mysterious wallet address “0x541…f3ce” obliterated 14,089,269 tokens in a single blistering gesture. Meanwhile, “0x6d0…e389e” valiantly contributed by torching an additional 635,364 SHIB tokens. Small flames still make heat… or so we thought. 🐾🔥
The vigilant custodians of these meme flames hurled them into “dead wallets,” existential limbo for coins that can never return. That’s nearly poetic for an economy built on memes. So far, the grand total of burnt tokens has reached a dizzying 410,744,373,370,940 SHIB. And yet, the shadow of futility looms heavily.
Price Bleeds Like a Forgotten Revolution
Although spectacular in drama, the burn event brought little comfort. The meme coin continues its downward spiral, crashing 6.4% in value in the past day at a modest $0.00001504. What a number — not even worth the laughs it once inspired! SHIB holders must now contend with weekly and monthly plummets of 18.9% and 30.7%, respectively. They say numbers don’t lie. Well, these numbers whisper despair.
Adding salt to this meme-soaked cauldron of sorrow, SHIB whale activity surfaced ominously. As reported, a colossal 1.24 trillion SHIB worth over $20.14 million was stealthily drained from Kraken’s exchange — possibly proof whales are abandoning the ship, or perhaps they’re just whale-watching somewhere sunnier. 🌴🐋
Yet there’s a curious contradiction: SHIB’s 24-hour trading volume soared by 22.05%, climbing to $378.8 million. This might signal a flicker of hope, a subtle chuckle in a room full of sighs. After all, what is SHIB if not the ultimate bet on irrational optimism? The meme coin remains defiant, surviving where reason faltered. Perhaps it seeks to rise like the phoenix—or at least warm up by its own ashes. 🔥🐶
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2025-02-07 15:03