Dogecoin’s Cousin Has a Purpose?

by

It appears the esteemed developers of… *that* token—SHIB, yes—have felt compelled to explain something. Something rather elementary, one might add. That BONE, the… lesser-known sibling, isn’t merely a whimsical distraction. 🙄

A recent communiqué from the official @Shibizens account (one presumes they have important things to tweet about) gently reminded the community that BONE, often treated with the gravity of a particularly unfunny joke, actually… performs functions. Imagine that.

“BONE is a meme. That’s the joke. But here’s the secret: It’s also gas. It’s also DAO. It runs Shibarium. Take your dose,” the post read. As if one needs *more* things to worry about. ☕

The implications, of course, are… profound. Or, at least, that’s what someone is hoping you’ll believe.

BONE: The Unsung Hero (or Just a Convenient Tool?)

Apparently, a significant portion of the populace remains oblivious to the fact that BONE fuels Shibarium, that elaborate construct the SHIB people have built. Every transaction, every digital flicker on their blockchain, requires a tribute to BONE. It also bestows upon its holders the illusion of governance – a DAO, they call it. How… democratic.

And, most curiously, BONE is somehow entangled with the ritualistic destruction of SHIB. A burning, if you will. Very dramatic.

When one uses Shibarium (and one wonders who, precisely, is doing this), a portion of the BONE used is transmuted into SHIB and then… banished. Sent to a digital void. Reduced to nothingness. A fitting fate, some might say. 🤔

A Fiery Inferno of SHIB: Burns Reach Fever Pitch

According to Shibburn (a name that evokes images of medieval punishments), the rate at which SHIB is being extinguished has increased by a rather theatrical 2,753.51% in the last 24 hours. A truly astonishing figure, isn’t it? One almost feels sorry for the SHIB. Almost.

Over 6.4 million SHIB were consigned to the flames, including two sizable offerings of 5.3 million and 1 million tokens. Weekly immolations also saw a 360.90% surge, with 135 million SHIB permanently… unavailable.

Earlier in the week, a full 100 million SHIB were sacrificed – a grand gesture, to be sure.

HOURLY SHIB UPDATE$SHIB Price: $0.00001327 (1hr -0.71% ▼ | 24hr -0.59% ▼ )
Market Cap: $7,813,438,428 (-0.80% ▼)
Total Supply: 589,248,558,834,358

TOKENS BURNT
Past 24Hrs: 6,442,486 (2753.51% ▲)
Past 7 Days: 135,132,263 (360.90% ▲)

— Shibburn (@shibburn) July 25, 2025

It would seem the SHIB burning mechanism is now operating at a… brisk pace. While one can still manually immolate their SHIB through the official portal (a surprisingly cathartic experience, no doubt), these automated BONE-fueled burns are becoming the primary method of destruction. Progress, I suppose.

A Glimmer of Hope? Or Just a Fleeting Mirage?

Simultaneously, the SHIB chart displays faint indications of… a breakout. After a protracted period of listlessness, the token has escaped a descending wedge – a pattern, we are told, that presages reversals. One can only hope.

Should this breakout persist, a significant obstacle awaits at $0.0000160. A breach of this level might, conceivably, pave the way to $0.0000330, a price reminiscent of a previous, more optimistic era.

Technical indicators, like RSI and MACD, have adopted a more optimistic tone. Market analysts suggest SHIB may be entering wave C of an A-B-C correction – a structure often associated with upward momentum. Though, honestly, one shouldn’t put too much stock in such things. 🤷

Considering the increased burn rate and this questionable technical breakout, the SHIB ecosystem may be preparing for a more lively second half of 2025. And BONE, that peculiar token, is playing an unexpectedly prominent role. One can’t help but wonder… what’s the catch?

Read More

2025-07-25 12:11