Shiba Inu’s Burn Rate Hits the Roof, But Supply Laughs in Its Face! 😂

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Well, well, well! If it ain’t our dear friend Shiba Inu, puffin’ up its chest like a rooster in a henhouse! In the last 24 hours, this little rascal has seen its burn rate skyrocket by a whopping 1,869%! That’s right, folks, over 1,800% increase, according to the fine folks at Shibburn.com. Talk about a fire sale! 🔥

Now, while the price of our furry friend is trying to hold its ground above the $0.000013 mark, one must wonder: is this burn rate just a flash in the pan? Because, let me tell you, when you stack that burn against the colossal supply of this meme coin, it’s like trying to empty the ocean with a teaspoon! 🥄

Shiba Inu Burn Activity Spikes Suddenly

According to the Shibburn data, a staggering 4,578,466 SHIB tokens were sent to the burn addresses in the last day. That’s a 1869% increase, folks! And guess what? Most of those tokens came from just two hefty transactions. Talk about a two-for-one deal! 🤑

The first transaction saw a hefty 3,295,542 SHIB tokens sent to a burn wallet known as CA. Just two hours later, another 1,173,708 tokens were sent off to a different address labeled BA-2. It’s like a game of hot potato, but with digital coins! 🥔

Now, these transactions are linked to a wallet called “0xa9d1,” which is tied to the Coinbase10 label. So, it seems our burns might have been executed by a user on the Coinbase exchange. Together, these two burns accounted for a whopping 4,469,520 SHIB tokens, and that’s what sent the daily burn rate soaring like a kite in a windstorm! 🪁

Shiba Inu’s Large Supply Still Far Ahead

Now, don’t get too excited, folks! While 4.58 million SHIB burned in a day sounds like a lot, it’s just a drop in the bucket compared to the total supply. Shiba Inu was born with a staggering 999.9 trillion SHIB tokens. Yes, you heard that right! And out of that, only 410.7 trillion have been burned. So, we still have a whopping 589.9 trillion SHIB tokens lounging around! 🛋️

Out of that massive supply, only 4.7 trillion SHIB tokens are currently staked. That leaves about 584.5 trillion SHIB tokens just hanging out in circulation. So, when you compare that to the 4.58 million burned, it’s like trying to notice a single ant at a picnic! 🐜

For the price to feel any real impact from these burns, we’d need a whole lot more of them, and they’d need to be sustained over time. So, keep your eyes peeled, folks! At the time of this writing, Shiba Inu is trading at $0.00001272, down by 4.9% in the last 24 hours. Ain’t that a kick in the pants? 🤦‍♂️

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2025-06-12 21:22