On July 8, Shiba Inu conducted its largest token burn in six months, destroying 110 million SHIB. Despite this, the price fell 5% that day and 9% over the month, as the total supply remains huge at 585 trillion tokens, making burns relatively ineffective. Whale sell-offs and declining interest in memecoins have caused demand to evaporate, overshadowing supply reduction efforts. Analysts suggest that Shiba Inu's future price depends more on adoption and utility, such as its Shibarium blockchain, than on token burns alone.
XRP faces resistance near $1.12-$1.17 but shows signs of buyer interest with higher lows and a recovering RSI. Shiba Inu remains weak, trading below key moving averages and risking new lows if support near $0.0000041 breaks. Solana has recovered abov...
Shiba Inu community adviser Mazrael revealed that the Shiba Eternity game and Shiba Inu metaverse projects, which were temporarily paused, have significant updates ready for relaunch. Shiba Eternity, a collectible card game launched in 2022, had been...
Mazrael, a Shiba Inu community veteran, revealed that the Shiba Eternity game and Shiba Inu metaverse projects, currently paused, have significant updates ready for relaunch. The Shiba Eternity game, originally launched in 2022, is evolving with a Pl...
Shiba Inu (SHIB) recently burned 110 million tokens in its largest single-day burn in six months, aiming to reduce supply and support price. However, despite weekly burns rising to 152 million SHIB, the token's price has fallen over 5% in the past we...
Shiba Inu (SHIB) experienced a sudden 95% collapse in on-chain transactions, dropping from 78,558 to 3,922 transfers in one day. This sharp decline was not caused by exchange activity or market panic, as exchange liquidity froze and SHIB's price rema...
