Why 28 Million SHIB Went Up in Smoke in an Hour 🤯

Well, folks, it seems like the Shiba Inu crowd’s been as busy as mosquitoes at a summer picnic. According to them fancy Shibburn charts, them meme coin enthusiasts have gone and set fire to a grand heap of SHIB tokens in the past day. And by “set fire,” I ain’t talkin’ literal flames—ain’t nobody roasting coins on a spit—but rather banishin’ ‘em to unreachable wallets, kind of like tossin’ your kid’s report card where the sun don’t shine. 🤑🔥

Meanwhile, the poor peculiar pup known as SHIB ain’t been holdin’ up so well in the market—it’s slidin’ downhill faster than a greased-up hog at a county fair, all in rhythm with the general misery of the crypto sphere. Wah-wah. 😞

SHIB Burns Surge… Like That Firewood You Thought You Had Enough Of

Here’s the kicker: Them Shibburners upped their game somethin’ fierce. In the last 24 hours, they’ve gone and locked away 29,343,261 SHIB in what they call “dead wallets”—that veritable abyss where tokens go to cry. That’s a 3,255% spike in burnings! Sounds like they’re compensating for something, eh? 😏

This grand sacrifice was carried out through five transactions. The biggest two, which I’m guessin’ arrived like a couple of overstuffed turkeys on Thanksgiving, incinerated 15,566,450 and 12,970,363 SHIB, respectively—leaving a whopping 28,526,813 roasted and toastin’ within a single hour. Somewhere out there, the Shiba gods are grinning. Or not. Who knows? 🤷‍♂️

HOURLY SHIB UPDATE
$SHIB Price: $0.00001286 (1hr -0.33% ▼ | 24hr -4.38% ▼ )
Market Cap: $7,578,679,661 (-4.21% ▼)
Total Supply: 589,255,206,408,182

TOKENS BURNT
Past 24Hrs: 29,323,261 (3253.34% ▲)
Past 7 Days: 103,929,094 (-19.54% ▼)

— Shibburn (@shibburn) March 8, 2025

Oh, and would you believe it? The small fry on this burn list only chucked 20,000 SHIB into oblivion. Bless their frugal little hearts. Meanwhile, in the grand scheme of things, over the past week, 103,929,094 SHIB have been sacrificed to the great beyond. Unfortunately, the burn rate for the week ain’t exactly breaking any speed records—it’s slower than molasses in January, down 19.54%. 🐢

SHIB Price Takes a Tumble—Gravity Wins Again

Lo and behold, overnight, the Shiba Inu coin went and tripped itself up somethin’ fierce, losing 6% of its value. I’d say it stumbled harder than Uncle Joe after too much eggnog on Christmas Eve. This little loveable pupper of a currency was lookin’ mighty perky with a 7% rise just the other day… until Uncle Sam’s executive order came crashing in.

Turns out the big plan for a Strategic Crypto Reserve wasn’t much of a SHIB booster. Nope, only Bitcoin’s gettin’ a seat at that fancy table—no room for SHIB, XRP, ADA, or even SOL. Must have been like findin’ out you weren’t invited to the neighborhood BBQ. Sad pupper vibes. 🐶

And if that wasn’t enough to break out the tiny violins, David Sacks—crypto czar extraordinaire—let slip that no fresh Bitcoin purchases are comin’ either. Uncle Sam’s just gonna sit tight on its 200,000 BTC stash, which apparently they swiped from Silk Road, that shadowy black-market bazaar of yesteryears. Guess us taxpayers are spared the bill this time. Cheers to that, I suppose. 🥂

Now, it’s a mess all-around, with Bitcoin slouchin’ down to $85,930 per unit and SHIB waggin’ its sorry tail at $0.00001282 as of this moment. Well, what can I say? Crypto—she’s like love: a whole lot of risk and not much reward, but boy does it keep you guessing. 🤔

2025-03-08 13:37

SHIB Burns Surge… Like That Firewood You Thought You Had Enough Of

SHIB Price Takes a Tumble—Gravity Wins Again

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