SHIB’s Wild Burn Spree and a Treat Token Drama You Didn’t See Coming

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So, hold onto your hats—or should I say, dog collars—because the Shiba Inu (SHIB) crowd just threw a burner party and obliterated a colossal 26,481,246 SHIB tokens in the past 24 hours. Yep, according to Shibburn, the token’s burn rate skyrocketed by a stomach-churning 825%. Somebody’s on a token-diet! 🍰🚀

Since the dawn of meme-coin times, the SHIB wizards have incinerated a mind-blowing 410.7 trillion tokens. At this point, I’m guessing even the fire department is exhausted. 🔥🐕

But wait, there’s a curveball—a big, juicy warning from Shiba Inu’s very own code-slinger, Kaal Dhairya, about the elusive TREAT token. Spoiler: There’s no treat on Solana or Base blockchains. Seems like someone’s been sneaky and hacked the @treatsforShib account. Major trust issues now. 😬🍬

There is no Treat on solana or base the account @treatsforShib seems to have been hacked, please be careful

— Kaal (@kaaldhairya) April 20, 2025

Developer Drama: No Treats for You!

Kaal clarified the TREAT token launched on Ethereum back in January 2025 but did not magically appear on Solana or Base. Any TREAT tokens or SHIB-branded swag hanging out there? They’re as real as my last Tinder date’s promises—aka fake. 🎭🚫

The classic “Shiba Inu Treat” X account got hacked, turning into the wild west of crypto scams. Thankfully, Shiba core team’s Lucie hopped on X to remind the pack that while she can’t round these rascals up, she’s got your back with info. No fake SHIB allowed—because, darling, SHIB belongs to the people. The real MVP energy. 👑🐾

I don’t have the power to shut bad actors using SHIB’s name —but I do want MY SHIB community to be as informed as possible, and to keep spreading the good word about SHIB — the one and only, Ethereum-born Shiba Inu. No fake SHIB ALLOWED

SHIB isn’t anyone’s — it’s the people’s…

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) April 20, 2025

Price Up, Spirits Higher

Meanwhile, SHIB’s price is strutting its stuff, currently at $0.00001255—a snazzy 2.6% increase in the last day according to CoinMarketCap. Somebody’s feeling bullish 🐂—the 20-day EMA was reclaimed faster than you can say “to the moon!”

Analyst extraordinaire Ali Martinez spotted the TD Sequential flashing a buy signal on the weekly chart, which sounds like crypto-speak for “this puppy’s ready to pounce on some gains.” 📈🐕‍🦺

#ShibaInu $SHIB may be gearing up for a major rebound, with the TD Sequential flashing a buy signal on the weekly chart!

— Ali (@ali_charts) April 21, 2025

The RSI chills out at 52.85, meaning buyers are coming in hot but no one’s gone full crazy overbought (yet). The Bollinger Bands are keeping SHIB cozy right in the middle, but if this momentum holds, the upper band at $0.00001298 could be the next playground. 🤞

SHIB’s price chart. Source: TradingView.com

Of course, should the festivities end abruptly and the sell-off party crash, that trusty 20-day EMA will be the first safety net. Break below, and SHIB might test those lower bands like a cautious pup stepping back inside after a rainy walk. ☔🐶

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2025-04-21 19:04