SHIB’s Burn Rate Drops Like a Rock—You Won’t Believe Why!

by

Well, folks, it appears our beloved canine currency, Shiba Inu, is experiencing a curious case of the yawns. In the last 24 hours, it seems only 964,247 SHIB tokens were tossed into the fiery abyss, which is a staggering 95% drop. One might think the market had taken a nap or perhaps gone off in search of greener pastures—or, dare I say, more entertaining pursuits! 😏

HOURLY SHIB UPDATE

$SHIB Price: $0.00001235 (1hr 1.58% ▲ | 24hr -0.80% ▼)

Market Cap: $7,283,773,312 (-0.65% ▼)

Total Supply: 589,252,222,601,242

TOKENS BURNT

Past 24Hrs: 964,247 (-95.08% ▼)

Past 7 Days: 78,157,631 (-58.93% ▼)

— Shibburn (@shibburn) April 14, 2025

Now, for a token that used to see daily burn rates in the millions (where did all that fire go?), this quiet day represents one of the ghostliest totals we’ve laid eyes on in quite some time. It has me pondering: is everyone holding on for dear life, anticipating that sweet price surge? Or have they simply decided to take a break and enjoy a nice cup of tea? ☕

Perhaps there are many reasons behind this sudden chill, including a global market that’s got the jitters. But fret not! Just one low burn day doesn’t send us to the gallows. Every small burn contributes to the grand tapestry of our cryptocurrency journey—like tiny paw prints on a large adventure! 🐾

SHIB’s price: The Dramatic Waiting Game

As we speak, our spunky little SHIB has managed to claw its way up by 0.81%, resting at $0.00001236, with a delightful 14% increase over the week. The crypto market is turning greener, stirring hope for a bullish escapade among the altcoins.

This recent uptick in SHIB’s price has it eyeing a resistance level that’s flairing like a peacock, with our bulls eager to charge above the daily SMA 50 at $0.00001279. A close above this may just get the party started, heading toward our next targets at $0.0000156 and the daily SMA 200 at $0.000019, where our bullish comrades are ready to throw the proverbial kitchen sink at it!

Still, a note of caution floats in the air—the market sentiment is cautiously optimistic, with support seeking refuge around the $0.00001 mark if bearish clouds hover close by. Let’s keep our eyes peeled, dear readers!

Read More

2025-04-14 17:22