SHIB Burn Rate Hits 6-Month High: Will Shiba Inu Price React?

The post Why Did Shiba Inu (SHIB) On-Chain Transactions Just Collapse by 95%? appeared on BitcoinEthereumNews.com. A strange statistical glitch has been recorded with the Shiba Inu (SHIB) coin. In just one day, the number of on-chain transactions collapsed by 95% — from a peak of 78,558 transfers to a modest 3,922, according to CryptoQuant. This powerful spike on July 6 became the largest for SHIB since last October. However, the speed with which the metrics returned to normal turned the situation into a real on-chain detective story. Usually, such jumps happen when a major crypto exchange is cleaning up its wallets and massively moving client funds into secure cold storage. But this time, that logic failed, as on-chain data from the analytics platform Arkham showed that on July 6, exchange flow charts were completely empty. Ripple-Operated Rail Dropped by Major Software Company XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet

The post Shiba Inu Community Alert: Navigate Safely with Verified Domains appeared on BitcoinEthereumNews.com. A prominent figure within the Shiba Inu community, Mazrael, has sounded the alarm over potentially harmful domain names once linked to the Shiba Inu ecosystem. He cautioned users about considering these obsolete domains as legitimate entry points to Shiba Inu’s services. Continue Reading:Shiba Inu Community Alert: Navigate Safely with Verified Domains Source: https://en.bitcoinhaber.net/shiba-inu-community-alert-navigate-safely-with-verified-domains

The post Shiba Inu Records Highest Daily Burn Rate Since November 2025 appeared on BitcoinEthereumNews.com. 117.54 million SHIB exit circulation in a day SHIB burn rate hits 8-month high Shiba Inu has just witnessed a historic surge in its network activity as its burn rate has jumped to levels not seen since this year began. With the Shiba Inu burn rate being consistently modest for most days of 2026, the dramatic surge in the metric seen in the last day has caught the attention of the crypto community, especially market analysts. 117.54 million SHIB exit circulation in a day The last 24 hours have seen Shiba Inu destroy the highest number of tokens it has ever destroyed this year, as data provided by Shibburn shows a rare four-digit surge in the metric in such a short period. Ripple-Operated Rail Dropped by Major Software Company XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet The data showed that about 117,540,000 SHIB worth

The post Shiba Inu Price Prediction: Can Robinhood’s 109M SHIB Burn Break the Triangle Before It Breaks Down appeared on BitcoinEthereumNews.com. Robinhood burned over 109 million SHIB in one transaction, the largest single burn in recent weeks The 24-hour SHIB burn rate jumped 3,096% with the 7-day rate up 680% SHIB is compressing inside a descending triangle with all EMAs above price Shiba Inu trades at $0.00000429 on July 8, down 2.05%, as an unprecedented Robinhood-driven burn spike hits the blockchain while the chart shows price trapped inside a tightening triangle. Is SHIB Approaching A Breakout Or Breakdown From Its Triangle? SHIB 1D Price Action (Source: TradingView) The daily chart shows SHIB inside a descending triangle that has been forming since May, with lower highs pressing against a flat support line near $0.0000040-$0.0000042. The Bollinger Bands have tightened sharply, with the upper band at $0.00000475 and the lower band at $0.00000404, one of the most compressed read

The post Shiba Inu Burns 117 Million SHIB in Largest Single-Day Destruction in Six Months appeared on BitcoinEthereumNews.com. SHIB News Shiba Inu’s community permanently removed more than 117 million SHIB tokens from circulation on July 8, the largest single-day burn recorded in six months. On-chain data shows the tokens were routed to a dead wallet, a one-way address from which they can never be recovered. A single wallet tied to Robinhood led the activity, torching over 109 million SHIB in one transaction, with smaller wallets contributing the remainder through the session. The spike briefly revived the project’s deflationary narrative, yet it landed against a backdrop of broad altcoin fatigue. For holders of Shiba Inu, the burn underscored how community-driven supply cuts continue even when price momentum stalls. Despite the deflationary headline, SHIB has slipped close to 9% over the past month, holding a narrow trading band even after a modest weekly gain. Our reading of the tape

The post Crucial SHIB Ecosystem Update Goes Out to Shiba Inu Community: Reason appeared on BitcoinEthereumNews.com. A crucial Shiba Inu ecosystem update has been issued to the SHIB community as Mazrael, a Shiba Inu community veteran, issued a fresh reminder regarding legacy domains that are no longer maintained by the project. In a recent post, Mazrael shared a reminder to Shiba Inu users that legacy domains have been decommissioned and that Shib.io is the primary portal to the Shiba ecosystem, ShibaSwap and Shibarium, urging them to stay safu, a slang term used in the crypto market for “safe” or “secure.” This information also applies to the domain of ShibTheMetaverse, a virtual world backed by the Shiba Inu ecosystem, with Mazrael sharing this in a separate X post. In a heads-up to the Shiba Inu community, Mazrael shared that the ShibTheMetaverse domain is no longer owned or managed by the Shib wizards and may be purchased or used by a third party. You Might Also Like The warning by

The post Shiba Inu Completes Short-Term Golden Cross: Is $SHIB Ready to Rally? appeared on BitcoinEthereumNews.com. Shiba Inu has completed a short-term golden cross on its 2-hour chart with the MA 50 crossing above the MA 200. The signal follows July 4 rebound as SHIB hit $0.00000458, and bulls eye a decisive break to $0.000005. This raises questions about potential short-term momentum and if traders should monitor SHIB closely. Shiba Inu (SHIB) has completed a short-term golden cross on its 2-hour (2H) chart after the 50-period moving average (MA50) crossed above the 200-period moving average (MA200), signaling a potential bullish momentum shift. The technical pattern follows last week’s rebound, which pushed SHIB to $0.00000458, putting the meme coin back on traders’ watchlists.  Shiba Inu Completes Short-Term Golden Cross on its 2-Hour Chart  SHIB has formed a short-term golden cross on its 2H chart, with its MA50 crossing above its MA200. This classic bullish technical signal ofte

The post XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet appeared on BitcoinEthereumNews.com. Shiba Inu is still under a lot of pressure even though it appears to be stabilizing close to local lows. The meme coin is currently trading at about $0.0000044 after going through a protracted bearish trend for a few weeks, which has largely eliminated the recovery momentum that was observed earlier this year.  For SHIB bulls, the daily chart presents a challenging picture. After supporting price action in March, April, and May, the asset recently broke out of a rising channel. Sellers swiftly regained control after that structure failed, pushing SHIB in the direction of its current range. Even though the token saw a slight increase in value in June, there wasn’t enough volume in the recovery to overcome significant resistance levels.  SHIB/USDT Chart by TradingView From a technical standpoint, SHIB is still below the 50-, 100-, and 2