The SHIB Burn Is So Hot, It’s Practically a Lava Lamp

Data from the always-fascinating Shibburn platform, which tracks SHIB meme coins as they do their best impersonation of disappearing magic tricks, reveals that, in the past 24 hours, the SHIB burn rate has spiked by an absolutely jaw-dropping 3,084%. That’s a four-digit increase, which, let’s face it, is more impressive than the number of times your favorite show’s writers have managed to get you emotionally attached to a character only to kill them off two seasons later.

In the last day, tens of millions of SHIB coins have been sent to “inferno” addresses, which is a slightly more dramatic way of saying they’ve been lost forever. I know, it’s tragic, but also a little satisfying if you think about it. They’re gone. Vanished. Like socks in a dryer.

The SHIB Burn Rate Hits 3,084% – Yep, That’s Right

Over the past 24 hours, the SHIB community has managed to burn a truly stunning 25,730,100 SHIB. To put that in perspective, that’s basically like burning a stack of memes the size of a small country. The largest single transfer? Oh, just a casual 13,989,159 SHIB. It’s as if SHIB were on a mission to make the coin equivalent of throwing a wild party and then paying the price with massive amounts of crypto disappearing into the ether.

And here’s where it gets delightfully absurd: since the birth of SHIB, out of the initial one quadrillion coins, the SHIB community has already parted with 410,748,011,819,921 SHIB. A significant chunk of this was thanks to Ethereum’s Vitalik Buterin, who, back in May 2021, received half of the initial supply as a kind gesture from SHIB’s mysterious founder, Ryoshi. Buterin decided to burn nearly all those coins, probably after realizing he could only spend so many meme coins on Ethereum gas fees before losing his mind.

While around 4.8 trillion SHIB are chilling, staked in exchanges and DeFi contracts, a hefty 584 trillion SHIB continue to circulate in the wild. Someone’s got to buy the meme dogecoin, right?

Discord Drama: A SHIB Admin’s Bold Move

Meanwhile, in the land of SHIB Discord, there was a most dramatic statement from an admin named Davinci, who took it upon himself to publicly address the fine folks who can’t seem to stop spreading rumors and false claims on the SHIB server. In an epic message that could rival any public apology in history, Davinci reminded the masses that Discord keeps a full record of everything, including deleted messages. So, go ahead—spread lies—but just know you’re probably going to look as foolish as that one person who tried to convince everyone the moon landing was faked by Hollywood.

Davinci also gave some insight into the revered (and occasionally controversial) roles of SHIB OG and Shibarmy Legend. If you break the OG code, sorry, the title’s going bye-bye. And if you’re loud and proud about SHIB, you might just earn a Shibarmy Legend badge—but no FUDders allowed. It’s the VIP club for the devoted, and the drama-free zone for those who prefer a less chaotic approach to their meme coin adventures.

And for those temporarily banned, Davinci made it clear: “After 30 days, feel free to request an unban. Just don’t mess it up again, or you’ll get banned again.” So there’s your second chance. Now go out and spread some good vibes, not some drama. It’s not that hard, folks.

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2025-04-28 18:08