Shocking! 1 Billion Shiba Inu Torched, Burn Rate Explodes 91,090.91% – But Will Price Rally?

Oh, dear readers, gather ’round and prepare to be amazed! Shibburn, the dedicated burn tracker for the Shiba Inu token, has just announced that a staggering 1,007,280,237 tokens were burned over the last 24 hours. This unprecedented event has caused the burn rate to skyrocket by a mind-boggling 91,090.91% within the same period.

Now, you might be wondering, “What does this mean for the price of SHIB?” Well, my friends, that’s the million-dollar question. While it’s true that reducing the circulating supply of a digital asset or increasing its scarcity should theoretically lead to a price gain, the current aggressive burn has yet to translate into such for SHIB.

Latest SHIB Burn Transactions | Source: Shibburn

At the time of writing, the token was trading at $0.00001174, having lost 1.17% of its market value over the past 24 hours. Its trading volume and market capitalization have not performed any better than the price. The SHIB market cap is now pegged at $6.91 billion, while its 24-hour trading volume stands at $110.89 million, following a 15.85% decline.

Will Shiba Inu Price Yield to the Bears or Bulls?

Some analysts have identified a potential bullish trend for the SHIB price, citing technical indicators and certain fundamental factors. These market experts strongly believe that SHIB is poised to break above a long-standing descending trendline. They have highlighted the price continued retrace for the horizontal support zone near $0.00001000, which has acted as a historical demand level.

In the presence of a slight upward move, the digital asset’s Relative Strength Index (RSI) is likely to cross into bullish territory soon. Similarly, its MACD line is about to cross above the signal line into bullish territory while the BoP indicator is currently in negative territory (-0.13). Although this is a signal that bears still have a slight edge.

Grab a Slice of TOKEN6900 Presale – The Hottest Crypto Right Now!

Until the SHIB price reflects the sentiment within its ecosystem, TOKEN6900, a new crypto presale, may be garnering all the attention from investors. TOKEN6900, regarded as a protocol with the potential to become a top token in the cryptocurrency ecosystem, is offering users the right value proposition.

Developers behind the project describe it as an asset with no intrinsic value, no backing, and no plans. ”If you buy TOKEN6900 expecting utility, congratulations — you’re the utility,” the project’s developers stated.

Based on its design, it tracks liquidity, GDP, oil reserves, or corporate earnings. Its success is not founded on fundamentals but on delusion, irony, and the collective hallucination of online traders, as described on its official website.

Current Presale Stats:

  • Current price: $0.0065
  • Amount raised so far: $244,251.44
  • Ticker: TOKEN6900
  • Hard cap: $5 million
  • End price: $0.007125

In terms of tokenomics, 40% of the tokens have been allocated to marketing and 15% to core coding development. Smaller percentages have been assigned to other divisions that will enable full functionality. Users can purchase the TOKEN6900 token via cryptocurrencies or a credit card.

Interested parties should closely monitor the presale and consider acting before the next price adjustment. Who knows, maybe TOKEN6900 will be the next big thing in the world of cryptocurrencies! 🚀💸

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2025-07-08 16:34