SUPPLY SHOCK LOADING?
SHIB army just lit the burners—literally. Over 28 billion SHIB got yeeted into the void in the last 24 hours. That’s a burn rate of 3,255.93%, and yes, it’s as wild as it sounds.
So what’s the play here? Straight up: Less SHIB = More Scarcity = Higher Value (maybe).
The squad’s goal is simple: torch the massive supply and tighten the bag so price can actually breathe. And they’re not slacking—410.7 trillion SHIB has been burned to date, but with a 1 quadrillion total supply cap, we’re still playing the long game.
Here’s what’s cooking:
• Total supply: 589.25T
• Circulating: 584.39T
• Staked in xSHIB: 4.85T (real OGs only)
From 16M burns to a 60M one-hitter, wallets are working overtime. It’s giving “Community takeover” vibes, and it’s showing in the charts.
Price check:
SHIB’s sitting at $0.00001228, up 2.1% today with a $7.23B market cap. Nothing explosive yet, but the momentum’s cooking.
BUT heads up:
Burns are hype—but don’t always mean instant moon missions. Market mood, investor energy, and crypto-wide vibes still hold the wheel.
That said, SHIB’s forming strong support, and if this pace keeps up? The chart might be prepping for a breakout.
TL;DR:
SHIB burn rate went nuclear. Community’s locked in. Supply getting squeezed. Price action’s warming up. Could this be the setup before the send?
Stay tuned. Something’s BREWING.