The winds of the digital plains have carried word from the Shibburn website, whispering that over 4.99 million SHIB were sent to the great beyond in the last 24 hours. Yet, the burn rate, like a weary traveler, only mustered a 20.86% rise. A paltry effort, if you ask me.
And the seven-day tale? A grim one, indeed. 17.32 million SHIB were sacrificed, yet the weekly burn rate slumped by 14.42%. It’s as if the market has taken a nap, dreaming of better days, while the flames of destruction flicker weakly.
The mood in the crypto fields is as heavy as a fog in the Salinas Valley. Major coins, SHIB among them, huddle near their multiyear lows. The Fear and Greed Index, that fickle barometer, sits at a meager 20, according to CoinMarketCap. Fear, they say. Fear of what? A few burnt tokens? Pfft.
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Shiba Inu, that scrappy little pup, traded at $0.000004971 at press time, up a modest 1.23% on the day. Earlier, it stumbled to $0.00000456, a two-day slide that had the naysayers howling. But like a dog with a bone, it clawed back, posting a weekly gain. Up 9.12% over the past seven days, it’s a far cry from the 15% losses of the week prior, when it hit a bear-market low of $0.00000433. A tale of resilience, or just blind luck?
Signals stay mixed
Crypto futures volume, that fickle beast, dropped 31.05% in the last 24 hours to $120 million, while open interest held steady at $105 million. Traders, it seems, are sitting on their hands, neither panicking nor plunging. A pause, not a retreat. The market, like an old man on a porch, is just watching the clouds roll by.
Shiba Inu’s open interest ticked up a mere 0.72% to $36.22 million, a golden cross in the hourly charts, with volume up 7%. Derivatives activity, they say, might be stirring. Or maybe it’s just the wind rustling the leaves.
This week, Shytoshi Kusama, the lead ambassador of the Shiba Inu pack, broke his silence on X. His bio now reads, “Pure Focus: AI App/site: R.OS Finishing touches. Beta website complete. Final bug pass.” A man of few words, but the community hangs on every one, like farmers waiting for rain.
And in the land of the rising sun, Mercari, a marketplace with 23 million monthly users, added Shiba Inu to its crypto lineup. A small victory, perhaps, but in these lean times, any bone is a good bone.
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2026-06-13 18:45