Despite ongoing efforts to burn Shiba Inu (SHIB) tokens since 2021, the price remains far below its peak, currently at $0.00000549. Over the past 30 days, only about 476.96 million SHIB tokens were burned, which is just 0.00008% of the circulating supply of 589.24 trillion tokens. This negligible reduction means it would take over a millennium to burn 1% of the supply, making scarcity an ineffective price driver. Instead, SHIB's price movements depend largely on demand, influenced by broader market trends and usage within its ecosystem. Investors should focus on market sentiment and be aware of tax implications when trading or using SHIB tokens.
Shiba Inu token burning efforts provide context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Sep 20, 2026 23:31 WIB: Among 50 major cryptocurrencies priced on Pluang, 17 rose and 32 fell today. Notable movers include EOS at Rp12.649 (+8.13%, typical hold time 87 days), ONE at Rp63 (+7.63%, typical hold time 153 days, order activity 56% Sell / 44% Buy), and XTZ at Rp6.168 (-6.42%, typical hold time 100 days, order activity 96% Sell / 4% Buy).
Hyperliquid, a decentralized perpetuals exchange, reached an all-time high open interest of $8.1 billion on September 20, 2026, representing about 10.9% of the global perpetual futures market. This milestone was driven by the launch of tokenized trad...
Bitcoin recovered from $75,000 to nearly $82,000 last week, driven by institutional demand and short position liquidations. However, the price hit strong resistance between $81,500 and $82,300, limiting further gains. Geopolitical tensions in the Mid...
Zama (ZAMA) surged 27% to a new all-time high of $0.092 before slightly retracing to around $0.086, driven by strong buying pressure and increased market activity. The altcoin's market cap surpassed $200 million, with daily trading volume rising 149%...
Paradex, a decentralized derivatives exchange on Starknet, executed a record $15.76 million ETH options trade with a premium cost lower than centralized exchange Deribit. This milestone followed Paradex's integration of Paradigm's RFQ liquidity netwo...
Bitwise CIO Matt Hougan says the Senate's failure to pass the CLARITY Act won't halt the ongoing cryptocurrency rally that began in July. Despite the Senate rejecting the bill by a narrow margin, crypto prices have continued rising, driven by institu...
