SHIB’s Burn Rate Hits Rock Bottom, But There’s a Tiny Spark of Hope!

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Well, here’s a bit of a pickle for you. According to the ever-reliable Shibburn, the Shiba Inu meme coin has decided to take a little vacation from its usual burning routine. Over the past 24 hours, the burn rate has plummeted to a grand total of zero. 🤷‍♂️

But fear not, dear readers, there’s a silver lining as thin as a strand of spaghetti. The SHIB community, in all its glory, has continued to burn meme coins by removing them from the circulating supply. It’s like they’re saying, “If you can’t beat them, join them, but at least do it in a way that’s slightly less chaotic.”

Meanwhile, the crypto market is looking as red as a fire truck, with SHIB trading at a mere $0.00001175 after a 12% nosedive over the past week. It’s enough to make you want to hide under your bed and pretend the world isn’t spinning. 🌍

SHIB Burns Continue, Despite the Zero Rate

Shibburn, the data source that brings us all the joy, reported that the SHIB community has managed to dispose of a measly 671,832 SHIB so far today. That’s like finding a single grain of sand on a beach and deciding it’s worth something. 🏖️

Still, the total amount of Shiba Inu transferred out of circulation keeps growing, even if it’s by the tiniest of increments. It’s a small victory, but in the world of SHIB, we’ll take what we can get. 🎉

SHIB Team Issues Anti-Scam Warning to Community

The official marketing lead of the SHIB team, known to her social media followers as Lucie, has stepped up to the plate with a stern warning to the SHIB community. In a statement that could have been written by a concerned aunt, Lucie addressed the current state of the crypto market and the ever-present danger of scams and frauds.

She described the market conditions as “brutal,” a sentiment that’s hard to argue with, and pointed out that the only ones enjoying the chaos are “malicious actors and clout chasers.” It’s like they’re having a party while the rest of us are trying to figure out where we put our wallets. 🎶

In these brutal market conditions, the only ones enjoying it are the malicious actors and clout chasers — milking lies just to monetize their platforms.

Of course we’ll see a new token launched every other day. New devs, same old shill gangs. Do what you want — it’s your money,…

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 20, 2025

Lucie also noted that new tokens are popping up like daisies in a field, but she suspects they’re all the work of the same old fraudsters with new names. “New devs, same old shill gangs,” she quipped, adding a touch of cynicism to the mix. 🕵️‍♀️

She urged the community to “always double-check websites” to avoid falling victim to crypto con artists. And if that wasn’t enough, she threw in a jab at the X social media platform, calling it a “paradise for chaos, bots, and scams.” It’s enough to make you want to unplug and go for a walk in the fresh air. 🌳

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2025-06-20 11:55