Behold, the fickle muse of Shiba Inu! Within the span of 48 hours, this meme coin, once a humble pup, hath undergone a metamorphosis most peculiar. From naught but a whisper of burn activity, it now roars with a 23,864% surge in its deflationary ritual, casting 16,661,951 SHIB into the void, as if the blockchain itself hath donned a cloak of austerity 🐕💸.
The Enigmatic Burn Rate of Shiba Inu
Per the sacred scrolls of Shibburn, the sending of 16.6 million SHIB to eternal wallets hath reduced the circulating supply to a number so vast, it would make a mathematician weep. The total burned, now a staggering 410,753,682,871,874 SHIB, is a testament to the folly of man’s quest for scarcity. Yet, amidst this chaos, the price crawls ever so slowly, as if the market itself is drowsy and in dire need of a nap 🐕💤.
This astronomical leap in the burn rate hath taken many by surprise, for previously, the ecosystem believed the deflationary mechanism to be but a fleeting fancy, incapable of altering the bearish gloom. Now, however, the coin hath become a parable of hope, or perhaps merely a distraction from the true calamities of the world 🐕🎭.
HOURLY SHIB UPDATE$SHIB Price: $0.00000875 (1hr 0.89% ▲ | 24hr 0.41% ▲ )
Market Cap: $5,152,727,379 (0.44% ▲)
Total Supply: 589,246,317,128,125TOKENS BURNT
Past hour: 14,417,531 (1 transaction)
Past 24Hrs: 16,661,951 (23864.38% ▲)
Past 7 Days: 59,279,011 (-92.71% ▼)– Shibburn (@shibburn) November 20, 2025
Some sages opine that, despite this 23,800% burn rate, it is but a drop in the ocean of the total supply, which still swells with trillions of tokens. With less than 17 million SHIB removed, its impact on the price is as subtle as a whisper in a tempest. Yet, the market, ever fickle, dances to the tune of whimsy 🐕🕺.
As of this writing, Shiba Inu doth trade at $0.000008728, a 0.3% rise in 24 hours. The memecoin hath ascended from a low of $0.000008243, a journey as arduous as climbing a mountain made of cheese. Meanwhile, trading volume hath leapt by 20.02% to $163.62 million, a spectacle of greed and gullibility 🐕💰.
Other marvels in the broader market include Gemini’s launch of SHIB perpetual futures for European traders, which hath stirred the pot of speculation, turning even the most stoic investor into a fervent disciple of the dog-themed cult 🐕🔮.
The Curious Case of SHIB Utility
As U.Today hath chronicled, the plummeting price of Shiba Inu demands more than sporadic burns to spark a reversal. The coin, like a weary horse, must self-correct through market realities and metrics that might one day elevate it to the coveted $0.00001 mark. But until then, it shall remain a tale of woe and woe 🐕📈.
To achieve this, the volatility must cease its capricious dance, and the torrent of selling must be tamed. A new development from the SHIB team could reignite the embers of investor interest, though the prospects are as uncertain as a Russian novel 🐕📖.
Recently, Shiba Inu hath unveiled a customized card in collaboration with Bitget wallet, a tool to spend crypto with rewards, as if the community needed more incentive to squander their digital gold 🐕💳. The crypto world watches with bated breath, hoping this innovation might rekindle confidence in the memecoin, though the odds are as slim as a snowball’s chance in hell 🐕❄️.
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2025-11-20 18:23