Key Highlights
- SHIB burn rate spikes 825%, with 26.48 million tokens removed from circulation.
- Developer Kaal Dhairya warns against fraudulent TREAT tokens on Solana and Base networks.
- Lucie, a core team member, alerts the community about rising scams and SHIB imitators.
- SHIB price rises 2.6% amid bullish market sentiment, reclaiming key technical levels.
SHIB Burn Rate Skyrockets
The Shiba Inu community observed an unprecedented 825% surge in SHIB burn rates over 24 hours, according to Shibburn. A staggering 26.48 million SHIB tokens were permanently destroyed, reducing available supply.
👉 See real-time SHIB burn tracker
- Total burned to date: 410.7 trillion SHIB.
- Impact: Reduced supply could positively influence long-term price stability.
Developer Warns Against Fake TREAT Tokens
Shiba Inu developer Kaal Dhairya issued a critical alert:
"There is no TREAT on Solana or Base. The @treatsforShib account appears hacked. Beware of scams."
Key Clarifications:
- Authentic TREAT: Launched on Ethereum (January 2025).
- Unauthorized tokens: Any TREAT or SHIB-branded assets on Solana/Base are fraudulent.
Lucie Addresses Rising Scams
Core team member Lucie emphasized growing threats from scammers exploiting SHIB’s brand:
"I can’t stop bad actors, but I urge the community to stay vigilant. SHIB belongs to the people—no fakes allowed."
Common Scam Tactics:
- Fake SHIB-linked tokens.
- Impersonation of team members.
- Phishing giveaways.
SHIB Price Analysis
Current Metrics (April 2025):
- Price: $0.00001255 (+2.6% daily).
- 20-day EMA: $0.00001220 (support level).
- RSI: 52.85 (neutral momentum).
Bullish Signals:
- TD Sequential suggests a potential rebound (per analyst Ali Martinez).
- Bollinger Bands: Upper band at $0.00001298 as next target.
FAQs
1. Why did SHIB’s burn rate increase 825%?
The surge reflects coordinated community efforts to reduce supply, likely driven by bullish sentiment.
2. Are TREAT tokens on Solana legitimate?
No. TREAT only exists on Ethereum; Solana/Base versions are scams.
3. How can I avoid SHIB-related scams?
- Verify official announcements from @kaaldhairya or @LucieSHIB.
- Never share private keys.
4. What’s next for SHIB’s price?
If buying pressure continues, SHIB could test $0.00001298 (Bollinger Band upper limit).
Conclusion
The SHIB ecosystem is navigating both growth and risks:
- Positive: Record token burns and price recovery.
- Caution: Heightened scam activity demands vigilance.
Stay updated via official channels and prioritize security.
Disclaimer: This article is informational only. Conduct independent research before investing.