$SHIB Crazy Self-Immolation! 26 million pieces destroyed in a single day, is this time really a resurrection?
24 hours destroyed 26 million SHIB, an increase of 5700%!
Behind the community carnival, the price only crawled back to $0.000013, and the weekly destruction volume instead shrank by 19%. Is this 'blazing fire' a phoenix nirvana, or a moth to the flame?
Surface data: 26 million pieces destroyed in a single day, 30% of the total supply has 'turned to ash', circulating supply pressed down to 584 trillion pieces. The harsh truth: 26 million pieces account for only 0.00045% of the circulating supply, burning 1% would require continuous 70 years! Historical slap: In March 2024, 300 million pieces were destroyed, price dropped by 2%; in April 2024, the destruction rate skyrocketed by 10400%, price plummeted by 19.5%.
Burning rate ≠ price increase!
Large holders hoarding: In early 2025, a mysterious whale hoarded 530 trillion SHIB, exchange inventory plummeted from 500 trillion to 14.1 billion, liquidity was drained. History repeats: After Vitalik burned 400 trillion pieces in 2021, SHIB skyrocketed 27 million times. Now with whale hoarding + accelerated burning, the script seems familiar. On-chain evidence: total wallet number broke 1.5 million, daily active addresses surged by 19.5%; large transaction volume skyrocketed by 396%. On-chain activity is more reliable than 'burning rate'!
Burning + wallet growth creates scarcity; if it stabilizes at $0.000015, the target is $0.000018-$0.000020; Shibarium blockchain processes an average of 4.05 million transactions daily, strong ecological support; technically, $0.000012-$0.000013 is a solid bottom, having tested the bottom three times without breaking.
Burning relies on the community 'generating power with love', once enthusiasm recedes, the burning rate collapses immediately; daily trading volume mostly languishes at $200 million, insufficient volume will suffocate price; with the Federal Reserve's interest rate hikes or economic recession, SHIB may drop below $0.000005.
Entry point: $0.000012-$0.000013; reduction point: $0.000015; stop-loss point: below $0.000012.
When the community only talks about 'how much has burned' rather than 'what's the use', SHIB is still far from being a value storage. Unless the Shibarium ecosystem grows real use cases, no matter how hot the fire, it's just a smoke show.
The market continues to change, we closely monitor the market and seize new entry opportunities. Like + comment, let's navigate the bull market together and seize this big opportunity.
