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 week, showing that reduced supply alone isn't enough to boost the price. The broader memecoin market is weak, with capital outflows causing demand to lag, which continues to pressure SHIB's price. Without a return of demand and liquidity to the memecoin sector, SHIB's price is unlikely to recover solely through token burns.
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...
Shiba Inu's community was alerted that legacy domains, including ShibTheMetaverse, have been decommissioned and are no longer managed by the project team. Users are advised to use Shib.io as the official portal for accessing ShibaSwap, Shibarium, and...
Shiba Inu community veteran Mazrael issued a security update reminding users that legacy Shiba Inu domains have been decommissioned and should no longer be trusted. The official portal for accessing the Shiba Inu ecosystem, including ShibaSwap and Sh...
On July 8, Shiba Inu's community burned over 117 million SHIB tokens, marking the largest single-day burn in six months. Despite this significant deflationary event, the SHIB price stayed stable around $0.0000043, showing little reaction. The burn wa...
Bitcoin, XRP, Solana, and Shiba Inu are showing tentative signs of recovery after recent sell-offs, but overall bullish momentum remains weak due to low liquidity and resistance at key moving averages. Bitcoin has rebounded to around $63,000 but face...
