In case you’re too busy scrolling:
- Shiba Inu (SHIB) feels like that friend who’s ghosted you but is suddenly texting at 3AM—maybe a rally is brewing.
- The burn rate decided to throw a party and went full wildfire mode in the last 24 hours.
Ready for Liftoff? Or Just Another Excuse to Watch Dogs on the Blockchain?
After a brief flirtation with hope in late March, SHIB has been on a downhill jog for 30 days straight, trading around an eye-watering $0.00001192. That’s a 5% drop—basically, someone stepped on your crypto chew toy.
But hold your dog treats, because the real drama is in the burn rate. It’s exploded by nearly 2,000% in just 24 hours, incinerating over 17.6 million tokens. And no, it wasn’t some rogue Shiba on a keyboard; a mysterious entity decided most of those tokens deserved a one-way ticket to the blockchain void.
The grand idea? Smoke those tokens to make the remaining ones scarcer and possibly… more valuable. But don’t get your hopes up too quickly—burning tokens alone doesn’t guarantee a moon trip without some actual demand.
Next up on this canine rollercoaster is Shibarium, the layer-2 blockchain solution that’s suddenly busier than a terrier at a tennis ball factory. Over three million daily transactions have zap-zap-zipped through recently, showing that people are actually—gasp!—using the thing.
Shibarium isn’t just about speed and lower fees; it’s also torching SHIB tokens as it goes along, which might just be the magic combo to kickstart SHIB’s price engine. Bitcoin evangelist Jeremie Davinci weighed in:
“I like Shiba Inu, it’s like that scrappy underdog with hidden talents. It might not blast off like a rocket fueled by pure hype, but now that Shibarium lets you run real applications, the potential’s there. Trouble is, nobody’s using it yet. Fix that, and Shiba Inu won’t just chase the moon—it’ll sponsor the whole trip.”
Exchange Netflows: The Tale of Tokens on the Run
Meanwhile, SHIB’s exchange netflow hints at some clever player moves. More tokens are sneaking off exchanges into private wallets than the other way around. Think of it as owners picking up their pooches from the dog park before things get messy.
This usually means less immediate selling pressure because folks tend to send their crypto to exchanges when they plan to trade it away. So, fewer tokens on exchanges could mean… well, less panic selling.
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2025-04-18 12:04