SHIB Burns: A Fiery Tale of 3,484% Surge and 537 Million Coins Vanishing! πŸ”₯

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Ah, the Shiba Inu community, those valiant warriors of the meme coin realm, continue their relentless crusade to incinerate the vast supply of their beloved SHIB. With a fervor that would make even the most ardent pyromaniac blush, they have achieved a remarkable four-digit surge in the SHIB burn rate, as reported by the ever-reliable SHIB burn tracking platform. Who knew that burning coins could be the new black? πŸ”₯πŸ’Έ

In a delightful twist of fate, the SHIB price has decided to play the role of the phoenix, rising approximately 5% after its dramatic plunge on Friday. Truly, a tale worthy of the finest theatrical productions!

Half a Billion SHIB Goes Up in Flames

According to the aforementioned oracle of on-chain data, the past 24 hours have witnessed a staggering increase of 3,484.34% in the daily SHIB burn rate. This miraculous feat was made possible by the grand sacrifice of 537,187,730 SHIB, whisked away to unspendable blockchain wallets, never to be seen again. One must wonder if they were sent off with a proper farewell party! πŸŽ‰

This half a billion SHIB was dispatched in five transfers to the great beyond of dead wallets. The largest of these transfers, a veritable treasure trove, included 310,744,788 SHIB, alongside 107,333,061 and 103,276,575 SHIB. All three transfers emerged from the same enigmatic wallet, ending in -82019a, as if it were a secret code to a hidden treasure. These transfers, executed with the precision of a well-rehearsed ballet, took mere minutes to reach their final resting place.

HOURLY SHIB UPDATE
$SHIB Price: $0.00001213 (1hr -0.13% β–Ό | 24hr 3.06% β–²)
Market Cap: $7,146,725,729 (3.03% β–²)
Total Supply: 589,250,449,904,272

TOKENS BURNT
Past 24Hrs: 537,187,730 (3484.34% β–²)
Past 7 Days: 687,249,104 (481.17% β–²)

β€” Shibburn (@shibburn) June 14, 2025

As for the weekly burn rate, our intrepid SHIB community has managed to ignite a 481.17% increase, sending 687,249,104 SHIB to a virtual furnace over the past seven days. One might say they have truly embraced the spirit of destruction, largely thanks to the 537.1 million SHIB that met its fiery demise on Friday.

Shytoshi Kusama: The Scammer Slayer

On that fateful Friday, the enigmatic Shytoshi Kusama, the lead developer of SHIB, graced his Telegram channel with a proclamation to the Shiba Inu community. The screenshots of his wisdom were shared by the ever-eloquent Lucie on her X handle, as if they were the latest gossip from the aristocracy.

Kusama, in a moment of dramatic flair, announced that he would soon unveil the new SHIB AI whitepaper, a topic he has teased on his X account not once, but twice this month. β€œI’ll explain what I’ve come up with here and organize so we can start moving this forward,” he declared, as if he were a magician revealing his next trick. 🎩✨

β€” π‹π”π‚πˆπ„ (@LucieSHIB) June 13, 2025

In a delightful jab at the scammers lurking in the shadows, he urged the community to ignore them, adding, β€œThey don’t understand how I work and they don’t need to.” A sentiment that echoes through the ages, reminding us all of the folly of ignorance. Prior to this, Kusama had taken a two-week sabbatical from social media, leaving us all in suspense, like a cliffhanger in a riveting novel.

This missive on Telegram, along with his earlier musings on X, followed the SHIB team’s rollout of a new update β€” the L3 solution for Shibarium, aptly named Shiba Alpha Layer. Because why not add a touch of grandeur to the proceedings?

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2025-06-14 13:41