You Won’t Believe How SHIB Burns Are Skyrocketing (Hint: It’s Bigger Than Your Last Text Message Drama)

by

Well, well, well, looks like the SHIB burns are going through the roof. According to the Shibburn blockchain tracker (because yes, that’s a thing), the burn rate has gone up a whopping 857%. That’s like if you tried to get out of a parking ticket with a joke, and it actually worked. More than half a billion meme coins are now locked away in wallets that can’t even think about being used. Not even a ‘Hello’ text. 👋

And don’t worry, the price of SHIB (aka the meme coin you swear you’re “holding” for the “long term”) is trying to make a comeback this week. It’s up a whole 4%. That’s basically a solid start to your week, right? 🌞

SHIB burns spike 857%, but here’s the catch

In case you’re wondering if this burn rate is legit or just another Tuesday, yes, it’s real. In the last seven days alone, 551,362,754 SHIB coins have been sent to the great beyond (aka unspendable wallets). That’s a crazy 856.72% spike in burns. I mean, can someone hand these people an award? 🏆

The biggest chunk of that “whoops, now it’s gone” pile was burned on March 15, when 459,294,504 SHIB went to the land of no return. Daily burns surged by 27,660%. And no, that’s not a typo—27,660%. Somebody get these people a math award, too. 🧮

HOURLY SHIB UPDATE: $SHIB Price: $0.00001289 (1hr 0.56% ▲ | 24hr 2.37% ▲ )
Market Cap: $7,556,992,093 (1.70% ▲)
Total Supply: 589,254,627,612,826

TOKENS BURNT
Past 24Hrs: 2,359,521 (-75.68% ▼)
Past 7 Days: 551,362,754 (856.72% ▲)

— Shibburn (@shibburn) March 20, 2025

But here’s the plot twist: In the last 24 hours, the daily burns tanked by 75.68%. That’s like burning a whole pizza and then forgetting it’s in the oven for too long. The world only managed to burn 2,359,521 SHIB coins. Yikes. 🍕

The dream is still alive, though. The SHIB army is on a mission to burn so many meme coins that they’ll make the price of SHIB as rare as your Wi-Fi password (remember that one?). They’re aiming for that magical $1 or at least $0.01. I’m over here trying to figure out how to make my coffee last until noon, but sure, let’s go with that dream. ☕

According to Shibburn, a total of 410,745,372,387,173 SHIB coins have been torched, while 4,904,847,020,312 SHIB have been staked. Not to mention, there’s still a cool 584,349,780,592,513 SHIB out there circulating. So basically, enough to keep your meme addiction alive until the next big drop. 🎢

SHIB burns to keep thriving (Thanks to Shibarium… or whatever that is)

The folks behind the SHIB madness have a little trick up their sleeves called Shibarium. Apparently, this is the layer-2 solution that keeps on giving. Every time a transaction happens on Shibarium, part of the gas fee gets converted into SHIB and then *poof*, it’s gone. As in gone for good. 🏃‍♂️💨

And just to rub it in, the Shibarium Updates X account (yes, that’s a thing) went ahead and tweeted about it. They’re super sure this whole burn thing is a solid long-term strategy. According to them, 30% of the BONE token gas fees go toward supporting Shibarium, and 70% gets converted to SHIB to be incinerated like your 2020 goals. 🔥

Currently, a fresh 13,209,679.60 SHIB is about to join the fiery abyss. Let’s just hope it doesn’t come back as a meme ghost. 👻

Read More

2025-03-20 11:54