Weekly Shibanalysis May 16-21, 2022

Boy are we glad to see you here! Deny it not, you couldn’t resist sneaking a peek at our weekly Shibanalysis to find out all about SHIB’s latest capers. We’re only glad to oblige.

Disclaimer!

Kind of a threat, really. Anyway, just reminding you that not sharing this sacred info with the rest of the Shibanauts is considered a serious crime against the community. Please spread this thing with others. Otherwise our Spaceshib Mafia department will be dispatched to deal with you right away.

Without further due, let’s jump right in.

Price

SHIB has been in a fairly “uptendy” kind of mood recently, starting out the week by hitting its weekly high at $0.00001303! Not meant to stay up there for long (we suspect the aliens had something to do with it) the token soon lost its position and took it a few steps down, now staying within the mid $0.000012 zone where it remained for the next two days until Wednesday evening, May 18.

Come Thursday, SHIB got ultimately gassed out fighting for the $0.000012 ledge and slipped right down into the $0.000011 turf, bottoming out at $0.00001129. That, however, wasn't meant to last very long. Later the same day, Shiba Inu managed to muster up enough strength to reclaim the $0.000012 area, despite still being in the downtrend sentiment.

Friday through Saturday dragged the token’s price right back into the sub $0.000012 zone, thus continuing the downtrend, where it remains at $0.00001187 at the time of writing.

Market Cap

SHIB’s current market cap stands at a whopping $100 trillion! Watch and be jealous, Bitcoiners!

That was a joke. Anyway, as it stands at the moment, the token’s market cap is around $6,5 billion. Bad news - SHIB slid one position down on the list of crypto by market cap (previously #15) and now occupying #16. 

Aw, shib, here we go again…

HoDlers

Easily, these are the heroes of our time. Those will ballZ of adamantium and a spirit to match! Despite SHIB’s recent insane volatility - along with every other token out there - not only did Shiba Inu manage to keep its old-timers from taking off like scared rabbits, but it also managed to ensnare some news ones, too!

Just take a look at that cutie down below! Makes you forget all the bad stuff that’s happened.

Burned tokens

Now more than ever do we all have to buckle down and work hard at burning as much SHIB as possible, while the low price period lasts. Which is exactly what the SHIB community has been up to this past week. Between the gigantohuge burns that took place in the last 7 days and the puny little ones - there were overall 21+ billion SHIB burned!

We had a lot of fun being hunched over dozens of pages on shibburn.com it took to calculate the burned tokens - you can too!

The #1 burner, deserving the title of “Johnny the Torch” or “Jasmine the Flamette” (our recon department is working on disclosing their true identities), has put 10 billion SHIB to the sword on May 18, 2022 at 04:55:35 AM +UTC! At the time of decimating those poor doggies, their entire load was worth $115,900!

Whomever you are, wherever you are, thanks! We will find you, we will hug you, we will kiss you, precious!

However, at the time of writing this, the burn rate sagged down some -70%, with the total tokens burned in the last 24 hours amounting to 247,390,764 $SHIB.

That about does it for this time. Make sure to drop by next Saturday for more. In the meantime, stay cool and keep your “eyeses” on the Moon!