Shiba Inu's deflationary momentum surged as over 19 million SHIB tokens were burned in the past week, marking a 159.19% increase in the weekly burn rate. This contributed to a 28.73% rise in the monthly burn rate, with a total of 146 million SHIB burned in 30 days. Despite this, the daily burn rate dropped by 30.06% with about 2 million SHIB burned in the last 24 hours. Overall, 41.08% of the initial 1 quadrillion SHIB supply has been destroyed, reflecting ongoing efforts to reduce token supply amid mixed market conditions where SHIB price showed slight gains but fell 9.04% over the week.
Shiba Inu (SHIB) experienced a net outflow of over 50 billion tokens from exchanges in the past 24 hours, indicating that investors are moving their holdings to private wallets rather than selling. Despite a recent price decline and bearish technical...
XRP is stabilizing after a sharp drop but must overcome resistance near $1.30 to confirm a recovery. Shiba Inu (SHIB) shows signs of a short-term bounce but remains under pressure with potential to gain or lose 10%. Zcash (ZEC) experienced high volat...
Shiba Inu recently burned 12.76 million SHIB tokens within 24 hours, marking one of its highest burn rates in weeks and reducing its circulating supply significantly. This burn surge, increasing by over 677%, signals growing network activity and coul...
Macro strategist Michael Gayed dismissed the idea that Shiba Inu (SHIB) could ever hit $1, explaining that its market capitalization would need to surpass the entire global dollar supply to reach that price. Gayed's blunt response highlights the unre...
Bitcoin, Dogecoin, XRP, and Shiba Inu are all experiencing bearish trends following recent market corrections. Bitcoin is trying to stabilize after falling from $74,000–$76,000 but remains below key moving averages, indicating ongoing long-term press...
