Shiba Inu (SHIB) saw a 122% surge in token burns recently, with over 13 million tokens removed from circulation in one day. Despite this, SHIB's price remains flat around $0.0000042, reflecting the challenge of reducing supply enough to impact price given its massive total supply. Large holders are accumulating and moving tokens off exchanges, signaling potential future stability, but the market demands more than burns alone, such as ecosystem growth or new utilities, to drive a sustained price increase. Without stronger demand or major developments, the burn activity may not lead to significant price gains.
Shibarium's testnet, Puppynet, has relaunched after a two-year pause, resuming transactions and inviting developers to test new features. This revival supports Shibarium's roadmap for scaling, token burns, and ecosystem growth, aiming to boost Shiba ...
Bitcoin's quantum discount has reached a record 30% due to delayed security upgrades against quantum computing threats, causing a significant undervaluation. XRP's 30-day MVRV indicator turned positive, signaling trader profits and a potential reboun...
Shiba Inu (SHIB) showed a modest 1.7% price increase after weeks of decline, signaling seller fatigue but still facing resistance near $0.0000118-$0.0000120. Ethereum (ETH) is approaching a critical resistance around $1,936, with a potential breakout...
Shiba Inu (SHIB) saw its daily burn rate increase by over 350%, removing 12.47 million tokens from circulation in 24 hours, signaling efforts to reduce supply. Exchange outflows continued, indicating less immediate selling pressure as investors moved...
A new large Shiba Inu (SHIB) holder emerged by transferring 162.43 billion SHIB tokens, worth about $672,476, from Coinbase Prime to a fresh wallet with no prior activity. This move suggests institutional investors are quietly accumulating SHIB durin...
