In a shocking turn of events that could only happen in the whimsical world of cryptocurrency, the illustrious Shibburn coin tracker has once again graced us with a delightful update. Apparently, the SHIB community has collectively decided to play a game of hide-and-seek with nearly five million meme coins over the last 24 hours. Spoiler alert: the coins are hiding in places known as dead wallets, which are much less fun than they sound.
Meanwhile, the second-largest meme coin has been scrambling to recover from a rather embarrassing 17.5% price plummet it experienced last week. It’s like watching a dog try to catch its own tail, only the dog is a cartoon dog and the tail is made of fluctuating numbers.
SHIB burns soar 380%, million SHIB torched
According to our favorite data source, the burn rate for SHIB has skyrocketed by an astonishing 380.45%. Yes, you read that right! This remarkable feat was made possible by the transfer of 4,804,534 SHIB into the great beyond of dead wallets, where they will presumably frolic amongst the lost socks of the universe.
Crypto Market Review: XRP stumbles around in waters too deep at $1, while Shiba Inu (SHIB) performs the worst price nosedive of 2026. Is Bitcoin (BTC) in danger of plummeting to the depths of $50,000? Stay tuned for the thrilling conclusion!
Strategy’s Saylor hints at a fresh Bitcoin buy amidst investor ridicule that sounds suspiciously like a sitcom plot.
Shiba Inu buyers are stepping in; Peter Brandt reveals a Bitcoin price rebound target, and Ripple executives confirm XRP is indeed a priority. Tune in for this week’s top crypto news, where drama unfolds faster than a soap opera.
In the past 24 hours, the SHIB community has been busy burning coins-five burn transfers in total! The largest of these involved a staggering 1,191,814 SHIB, 1,353,406 SHIB, and 1,887,367 Shiba Inu coins. Talk about a fiery spectacle!
The SHIB community, along with the ever-mysterious Shiba Inu team, has been conducting these regular coin burns since 2021, as if trying to make the total circulating SHIB supply vanish like a magician with a particularly tricky rabbit. Originally, the SHIB team, under the enigmatic leadership of Ryoshi, launched a whopping quadrillion Shiba Inu coins. In a twist worthy of a dramatic novel, the elusive SHIB creator once gifted 500 billion SHIB to Ethereum’s founder, Vitalik Buterin-as a token of respect, of course!
Over the weekend, Shiba Inu took a bit of a nosedive, dropping more than 17% from $0.00000783 to a rather sad $0.00000646, mirroring Bitcoin’s recent antics. But fear not! The meme-inspired coin has managed to claw back approximately 4% and is currently trading at $0.00000671, which is almost like finding a quarter in your couch cushions.
Top SHIB executive not worried about Bitcoin price
Lucie, the official marketing lead of the Shiba Inu team and a beacon of optimism in this chaotic crypto universe, recently took to her X account to comment on the ongoing crypto apocalypse. She casually mentioned having witnessed Bitcoin’s rollercoaster ride, stating, “I’ve seen BTC drop from $68,000 to $26,000 and then bounce back to $121,000. I’m not really worried; I am just bracing myself.”
“I was here from 68K BTC to 26K BTC and back to 121K BTC, so I am not really worried.
I am just bracing myself.
And my delulu mind is dreaming of a reversal and seeing a spring bull market with SHIB running 1000% in three days.
Dreams are vivid, they say 😁”
– 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) February 1, 2026
In a fittingly humorous twist, she also shared her whimsical daydream of a crypto bull market where Shiba Inu would magically skyrocket by 1,000% in just three days. Meanwhile, Bitcoin has made a slight recovery today and is now trading at $77,498, a figure that may or may not inspire existential dread.
Read More
- Heartopia Book Writing Guide: How to write and publish books
- Gold Rate Forecast
- Genshin Impact Version 6.3 Stygian Onslaught Guide: Boss Mechanism, Best Teams, and Tips
- Robots That React: Teaching Machines to Hear and Act
- Mobile Legends: Bang Bang (MLBB) February 2026 Hilda’s “Guardian Battalion” Starlight Pass Details
- 10 Years Later, Taylor Sheridan’s Neo-Western ‘Hell or High Water’ Blasts Onto Netflix
- UFL – Football Game 2026 makes its debut on the small screen, soft launches on Android in select regions
- 10 One Piece Characters Who Could Help Imu Defeat Luffy
- 1st Poster Revealed Noah Centineo’s John Rambo Prequel Movie
- Here’s the First Glimpse at the KPop Demon Hunters Toys from Mattel and Hasbro
2026-02-02 16:08