Shiba Inu’s Wild Ride: Burn Rate Soars While Price Takes a Dive! 🐕💸

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So, here we are, folks. The crypto world is like a bad sitcom, and guess what? Shiba Inu (SHIB) is the punchline. The bears are out in full force, dragging this poor token down like it owes them money. But wait! The burn rate is doing a little dance, jumping up 506%—like it’s trying to impress someone. Can you believe it? 😒

Shiba Inu Burn Rate Trend

According to the folks at Shibburn, they’ve cranked up the burn rate by 506% in just 24 hours. Less than three million SHIB tokens went up in smoke, but hey, it’s something! It’s like finding a penny on the ground—great, but it’s not going to change your life. The burn rate is one of the few things in the green around here, which is saying something. 🙄

Right now, we’ve burnt a staggering 410,743,143,534,435 tokens. That’s a lot of zeros! Meanwhile, there are still 584,236,683,170,938 SHIB floating around. The community is all fired up about reducing supply, thinking it’ll magically boost prices. Spoiler alert: it probably won’t. 😏

And let’s not forget the Shibarium burn portal coming in 2024. Sounds fancy, right? But the burn rate has been slower than a snail on a treadmill. What’s the deal with that? 🤷‍♂️

State of SHIB Price

As of now, SHIB is losing its charm faster than a bad date. It’s down 7.16% in the last 24 hours, sitting at a whopping $0.00001991. Losing the $0.00002 support level? Major red flag! It’s like watching a car crash in slow motion. 🚗💥

Sure, the market’s feeling bearish, but these SHIB bears are really taking it to the next level. And let’s not forget the SHIB whales. They’ve been lurking around, and who knows? They might just jump back in to save the day. Meanwhile, Shytoshi Kusama, the lead developer, is trying to keep the community’s spirits up. Good luck with that! 😅

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2025-01-21 16:06