You Won’t Believe How Many SHIB Were Burned—And The Shocking Catch!

One can picture the world, gray with the hush of distant rain, as the weary clerk of fate tallies the incense of vanished tokens. The “Shibarium Updates” account, that dry bureaucrat of blockchain chronicles, whispers to the void of Twitter that a conflagration has been staged—an immolation statelier than the bonfires of autumn, and quite possibly leaving less of a smell.

Over One Billion SHIB Consumed by the Hungry Flame (Not Even a Puff of Smoke Left)

Behold, 1,021,155,586 Shiba Inu coins, not even a single dog bark or stray ear left behind, whisked away last week. Two grand sacrifices, one on May 7 and another on May 10, together lugging away more meme coins than the sum dreams of suburban day traders. A small cheer for their valiance—but let’s not pretend these coins had a future. Indeed, the Shibarium faithful march ever onward, torch in hand, muttering, “Shib by Shib,” as though doing penance for the sins of speculative fever.

The Bittersweet Aftertaste of Burnt Dogecoin Wannabes

But as in all Russian novels, there’s always a catch—because misery loves company, and accounting errors. According to the Shibburn platform, only 427,479 SHIB coins were put to rest yesterday. One can’t help but suspect some of these coins escaped into a frosty Moscow night, never to be seen again. Of course, the burn rate over the weekend leapt like a Dostoevskian character at the sight of a gambling table: 6,858%—a number as excessive as a czar’s banquet—while SHIB price tiptoed up a mere 7%.

SHIB Price: Up, Up, and…Check for the Landing Gear

Today, Shiba Inu, perhaps the world’s most successful joke at the expense of Wall Street, soared almost 9%. In a ballet as unsubtle as a Russian winter, it leapt from $0.00001589 to $0.00001725. At this very moment, it is busily engaging in trades that make babushkas frown in disbelief.

SHIB, ever the loyal mutt, has followed Bitcoin like a puppy chases a sausage. Bitcoin—Czar of the Digital Steppe—flirted with $104,000 over the weekend, then scaled the dizzying $105,706 peak before tumbling back, all because the great powers (America and China, naturally) played a round of tariff limbo in Geneva. Let us recall, in the best Russian tradition, that peace always comes with a “for now.” The United States slashed tariffs on China from a theatrical 145% to a more manageable 30%, and China reciprocated. Much celebration, much market green—all smiles until someone mentions the word “inflation.”

Data company Santiment, not to be outdone in the suspense department, suggests we await a statement from President Donald Trump, whose tweets have the power of a blizzard to bury any market optimism.

So let us raise our glasses not only to the coins gone to their digital Valhalla, but to the next twist of fate, as inevitable and befuddling as the Moscow metro at rush hour. 🐕🔥💸

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2025-05-12 14:04