Shiba Inu’s Dramatic Burn: A Comedy of Errors in the Crypto Circus!

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Ah, dear reader, let us gather ’round the flickering glow of our screens and behold the curious tale of the Shiba Inu coin, a creature as capricious as any character from the whimsical world of Gogol. The fine folks over at Shibburn, those diligent scribes of the blockchain, have unveiled a spectacle of calamity: a monumental plunge in the SHIB burn rate-one might say it was akin to watching a great bear tumble down a hill, flailing helplessly while trying to retain some semblance of dignity.

In the grand theater of cryptocurrency, this crash echoes the general malaise of the market itself, collapsing like a poorly constructed house of cards, each coin tumbling into the abyss.

SHIB burns down 87%

Yes, indeed! The noble SHIB, that second-largest jester of the meme coin kingdom, has seen its burn rate dwindle by an astonishing 86.56%. Picture it: only 647,360 SHIB coins were ceremoniously dispatched to their eternal rest over the past 24 hours, as though they were mere breadcrumbs cast to the wind!

Just a day prior, the valiant community rallied forth, summoning the power of camaraderie to incinerate nearly four times that number-4,817,744 SHIB coins were heroically sent to an unspendable blockchain address in a single, dramatic flourish!

And lo! Approximately half of the original quadrillion SHIB supply has been obliterated-410,754,272,928,865 meme coins, if one can count that high without succumbing to madness, according to our earnest friends at Shibburn.

Bitcoin pulls market down, mirroring 2018 crypto winter

But wait! The great Bitcoin, that lumbering beast of burden, has also taken a nosedive, losing around 4.54% of its stature, plummeting from the lofty heights of $90,520 to a more pitiful $86,400, dragging the entire crypto carnival down with it like a lead balloon in a darkening sky. Alas, even Bitcoin has begun to remember the bitter chill of the 2018 crypto winter, when it faced a relentless series of red monthly candles. If January were to close in the same dismal hue, we would witness a historic multimonth decline not seen in eight long years. Back then, Bitcoin stooped so low as to graze the ground at a paltry $3,000!

In November, our dear Bitcoin had a particularly disastrous outing, crashing by 17.67%, the worst debacle since that fateful November of 2022, when the FTX behemoth crumbled into dust. And what of the traditional “Santa Rally” in December? It too failed to lift spirits, resulting in an almost comical 3% price drop.

Meanwhile, in this chaotic marketplace, the large whales, those cunning sea creatures of finance, are taking advantage of the chaos, stacking their Sats like a glutton at a feast. On a notable Friday, Robert Kiyosaki, the esteemed author of “Rich Dad Poor Dad,” declared himself unperturbed by the tumultuous waves of Bitcoin’s volatility. In his mind, he sees the U.S. as a sinking ship, and thus he continues to hoard BTC with the fervor of a squirrel preparing for winter.

And what of Michael Saylor, you ask? On January 20, he triumphantly announced that his BTC treasury firm Strategy had acquired a staggering 22,305 BTC for a princely sum of roughly $2.13 billion, as though he were purchasing trinkets at a market!

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2026-01-26 14:25