Shiba Inu’s Burn Rate Hits the Roof: Is a New SHIB ATH Just Around the Corner?

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Well now, gather ’round, folks, for I have a tale to tell about a little rascal known as Shiba Inu, or as the cool kids call it, SHIB. This cheeky little coin, trading at a mere $0.000019, has been up to some shenanigans lately. In the past 24 hours, it has seen a burn rate that would make even the most seasoned pyromaniac blush—an astonishing 7,240%! That’s right, 1.1 billion tokens went up in smoke faster than a rabbit in a magician’s hat! 🐇✨

Now, if you’re wondering what all this burning fuss is about, let me enlighten you. The good folks over at Shibburrn have confirmed that a staggering 410 trillion tokens have been incinerated thus far. And if that’s not enough to tickle your fancy, nearly 5 trillion SHIB tokens have been staked, as if they were trying to win a prize at the county fair. 🎡

But hold your horses! The reason for this fiery celebration? The grand unveiling of ShibTorch V2, a shiny new version of the Shiba Inu burn portal, designed to make burning tokens as easy as pie. 🍰 This portal is now part of the ever-expanding Shiba Inu Operating System (Shib OS), which sounds fancy, doesn’t it? With these upgrades, they promise better security and community engagement—because who doesn’t love a good community barbecue? 🔥

Now, let’s talk numbers. Since its launch in August, ShibTorch has burned a jaw-dropping 361,982,586 SHIB, which is about $361.98 million. But don’t get too excited; that’s just a drop in the bucket, a mere 0.0000881285% of the total tokens burned. Talk about a small fry in a big pond! 🐟

For those eager to join the burning party, ShibTorch V2 is available on the Shib.io platform. Just make sure you’ve got the right number of BONE tokens, or you might find yourself left out in the cold, like a dog without a bone. 🐶

Shiba Inu (SHIB) Price Analysis

As of this very moment, Shiba Inu is trading at $0.00001871, which is a modest rise of 0.22% in the last 24 hours. However, don’t let that fool you; it has taken a tumble of about 8% over the past week and is down a staggering 78.84% from its all-time high of $0.00008845. The bears are out in full force, and they’re not playing nice! 🐻

The MACD indicator is painting a rather gloomy picture, with a red histogram that would make even the sun frown. But wait! The MACD line (blue) and the signal line (red) are inching closer together, hinting at a possible bullish divergence. Could it be? Only time will tell! ⏳

Source: TradingView

And let’s not forget the RSI indicator, which is sitting at a value of 38.16. This means the bears are still in charge, but the bulls are gearing up for a retest at $0.000020. It’s like a game of tug-of-war, and we’re all just here for the show! 🎭

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2025-01-31 14:44