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” π, their average acquisition price now a distant, taunting memory. A meager 14.97% of addresses bask in the warmth of profitability π.
And yet, like a phoenix from the ashes, 147.41 trillion SHIB somehow manage to defy gravity, remaining in profit at today’s prices π€. A testament to the token’s mercurial nature and the vast, unpredictable expanse of its price entry points π.
The Burn: A Flickering Flame π₯
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 π.
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 β a reflection of the community’s ephemeral coordination or the market’s mood swings? π€
A Glimmer of Hope: Shibarium’s Triumph π
Meanwhile, Shibarium, the Layer-2 blockchain solution, shines bright, having surpassed a remarkable 1 billion transactions π! 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 π.
Perhaps, in this oasis of adoption, SHIB holders may find solace from the market’s slings and arrows π΄.
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2025-04-05 18:18