65,000 Times Destruction Scam: The SHIB Community is Collectively Burning Coffin Capital
The myth of "65,141% destruction" saw SHIB's daily destruction volume soar 65,000 times last week, burning 1 billion tokens. Sounds scary? In reality, it's only worth $11,000. For SHIB, valued at $6.8 billion, this is like pouring a cup of water into a swimming pool and expecting the water level to rise.
On-chain data reveals fatal flaws
Active addresses continue to shrink: daily active users have dropped over 40% from the peak in early 2025, barely maintaining at 150,000 in June (only 80,000-100,000 before the rebound), indicating that retail investors have already given up.
Whale's silent war: Although a large holder increased their position by 257.5 billion SHIB ($4.6 million), the number of whale addresses holding over 1 billion tokens remains stagnant, with smart money still on the sidelines.
The price deadlock has lasted for 4 months, trapped in the “iron bottom range” of $0.000010-$0.000012, with a textbook double top pattern on the technical chart, and it could break below $0.000008 at any moment.
Regulatory Black Swan and ETF Ambitions
Risk points: The Trump administration's crypto summit on March 7 did not mention meme coins, and the SEC is eyeing the “security designation” with a hawkish stance, referencing the Ripple case's split ruling.
Opportunity: The community is secretly lobbying BlackRock to launch a SHIB spot ETF. If successful, $0.01 would no longer be a dream, but the probability is less than 5%.
Case Review: In November 2024, a certain whale's sale of 576 trillion SHIB in a single day triggered a sell-off, causing a 30% price crash within 24 hours.
Current Alert: On-chain data shows a sharp rise in the proportion of large transactions over $100,000, indicating that these “undercurrents” could trigger a liquidity crisis at any time.
Personal Insight: The ultimate contradiction of SHIB lies in the community's desire for a “decentralized holy war,” while the whales only want a “harvesting carnival.”
Focus on two key indicators in July-August: Shiba Metaverse land sales conversion rate. If the proportion paid in SHIB is <30%, run! TREAT governance token unlock volume. If the initial sale faces a sell-off, ecological confidence will collapse.
When Wall Street uses SHIB ETF as chips on the gambling table, while the community is still burning their tickets, the absurdity of this finale will only be recorded in the whales' profit statements, and not in the retail investors' comeback legends.
Before the White House crypto policy report is released on July 22, all meme coins, please fasten your seatbelts.
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