Like autumn’s melancholy veil, a somber truth shrouds the SHIB realm. IntoTheBlock’s piercing gaze reveals that a whopping 82.96% of SHIB addresses languish “out of the money” 📉, their average acquisition price now a distant, taunting memory. A meager 14.97% of addresses bask in the warmth of profitability 🌞.
And yet, like a phoenix from the ashes, 147.41 trillion SHIB somehow manage to defy gravity, remaining in profit at today’s prices 🤑. A testament to the token’s mercurial nature and the vast, unpredictable expanse of its price entry points 🌌.
The Burn: A Flickering Flame 🔥
The Shiba Inu community’s vaunted burn strategy, once a beacon of hope, now sputters. A recent update saw a modest 15,239,220.91 SHIB consigned to the void, bringing the total incinerated to 819 million. Alas, this latest effort marks a precipitous 60.65% decline in burn rate 📊.
The burn rate’s whims, it seems, are as capricious as the market itself. Just a day prior, a staggering 12,000% surge had set hearts aflutter, as over 110 million SHIB went up in smoke. Such volatility – a reflection of the community’s ephemeral coordination or the market’s mood swings? 🤔
A Glimmer of Hope: Shibarium’s Triumph 🎉
Meanwhile, Shibarium, the Layer-2 blockchain solution, shines bright, having surpassed a remarkable 1 billion transactions 🚀! ShibariumScan reveals a network abuzz with activity: 4 million transactions in the past 24 hours, over 10.2 million blocks, and nearly 194 million active addresses 📈.
Perhaps, in this oasis of adoption, SHIB holders may find solace from the market’s slings and arrows 🌴.
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2025-04-05 18:18