Right. So, Shibburn – bless their little data-tracking hearts – has noticed a frankly *embarrassing* amount of Shiba Inu coins have gone walkies. 59,405,917 of them. Sent to the digital void. Like unwanted relatives at Christmas. But apparently, it didn’t even bother to make the burn rate go up. Rude.
Meanwhile, SHIB’s decided to have a little growth spurt, leaping up by a quite dramatic 11%. Shows you what happens when someone, somewhere, believes in something. Or algorithmically manipulates the market. Who knows?
59.4 Million SHIB Gets Burned (Seriously?)
Apparently, over the last week, these 59,405,917 little guys were shipped off to anonymous wallets. The biggest offenders moved 27,062,451, then 10 million, then… another 10 million. Someone’s clearly having a purging moment. I get it. My closet needs one too.
However – and this is a BIG however – the overall burn rate’s dipped by nearly 42%. Bit of an anti-climax, isn’t it? The daily burn rate is up 13.71%, which is…good? Ish. Still, only 79,519 coins made it to the unspendable zone. Pathetic, really. Like tossing pennies into the ocean and expecting it to raise the tide.
HOURLY SHIB UPDATE$SHIB Price: $0.00001333 (1hr 0.29% â–² | 24hr 7.77% â–² )
Market Cap: $7,850,777,576 (7.67% â–²)
Total Supply: 589,247,746,211,233TOKENS BURNT
Past 24Hrs: 79,519 (13.71% â–²)
Past 7 Days: 59,405,917 (-41.91% â–¼)– Shibburn (@shibburn) August 23, 2025
SHIB’s Riding Bitcoin’s Coattails (As Usual)
So, Friday arrived, and SHIB decided to throw a party, spiking a cheerful 11.52%. Apparently, it showed off with a few hourly candles, the biggest one strutting its stuff with a 4.85% boost. Then, as always, reality set in, and it dropped 3.68%. It’s bouncing back now, a modest 2.3% rise. Bless it.
Turns out, SHIB’s little dance moves were in sync with Bitcoin’s. Because nothing says “independent market” like following Bitcoin. BTC briefly hit $117,000 – because of course it did – fueled by Jerome Powell promising interest rates might…maybe…go down next month. And Ethereum? Oh, it had a full-blown midlife crisis and hit a high it hadn’t seen since 2021. Dramatic.
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2025-08-23 11:52