The post Shiba Inu Burn Sees 710% Jump in SHIB Destruction Amid Supply Cut appeared on BitcoinEthereumNews.com.
Shiba Inu burn rate has seen a 710% rise, with 5,678,332 SHIB burned in the last 24 hours, according to the SHIB burn website. The 710% increase represents one of the biggest daily rises in SHIB burn rate in recent weeks. Shiba Inu burning saw a sharp increase on May 11, rising from 700,000 SHIB to over 5.5 million SHIB in less than 24 hours. The daily SHIB burn added to a total of 23,753,662 SHIB burned in the last seven days and 188,168,328 SHIB in the last 30 days. The supply reduction push follows as SHIB saw one of its biggest supply squeezes in 2024. Ray Dalio: Bitcoin Fails as Safe Haven Can Toncoin (TON) Lose All Gains? Ethereum (ETH) $2,000 Plunge Is Possible, Shiba Inu (SHIB) Price Is in Strongest State Since March: Crypto Market Review According to a recent tweet by Shiba Inu-focused X handle Shibizens, 374 billion SHIB left exchanges in just 7 days. You Might Also
Dogecoin and Shiba Inu are still the best-known examples of meme coins, having large user bases and years-long experience on the market. These meme coins managed to prove their capabilities of delivering rallies in a bull market cycle, serving as the starting point for many new retail investors entering the
Analysts believe Bitcoin may still have significant upside ahead, pointing out that a rare signal has appeared on a key valuation metric for the first time in roughly two years — and history suggests it could mark the start of a major price run. Related Reading: Shiba Inu Bullish Momentum Explodes As Buying Pressure Intensifies A Critical Level In Play At around $82,500, Bitcoin is bumping up against its 200-day moving average, a line that traders closely watch. Breaking above it could end months of downward pressure. Failing to hold it, analysts warn, could send prices sliding back toward $50,000. The stakes are high, and the outcome of this test may shape Bitcoin’s direction for months to come. The focus, though, goes beyond simple price charts. A metric called the Market Value to Realized Value ratio — or MVRV — is on the verge of printing what analysts call a golden cross, a crossover event where the ratio moves above its 200-day exponential moving average. CryptoQuant analyst CW89
The post 1.3% of All XRP Now Unavailable Amid US ETF Rally; Vitalik Buterin Surprises Market With New SHIB-Style Donation; Bitcoin to $126,000: Arthur Hayes on New BTC Price High – Morning Crypto Report appeared on BitcoinEthereumNews.com.
TL;DR XRP Liquidity Crunch: U.S. ETFs have sidelined $1.18 billion worth of XRP. While price action is sideways, the “empty” order books suggest high sensitivity to the next demand wave. Buterin’s Social Signal: A 64 ETH donation to animal welfare reaffirms Vitalik’s move toward “ideological” crypto use, reminiscent of his market-shaping 2021 SHIB burn. BTC Macro Catalyst: Arthur Hayes forecasts Bitcoin at $126,000, fueled by “hidden” fiat expansion as the US and China debase currencies to fund AI infrastructure. Crypto Market Outlook: Despite MARA’s 18% revenue drop and upcoming inflation reports, BTC holds $81,000, backed by $1.28 billion in May ETF inflows – confirming institutional “HODL” conviction. Institutions quietly removed every hundredth X
Trader sentiment in Shiba Inu derivatives market has done a complete 180 over the past week. Net positions — which sat at around -200 million just days ago, reflecting a market tilted toward short bets — have swung to more than +400 million in net longs as of May 11. That kind of shift in a short window is not common. Related Reading: Nearly 80% Of Bitcoin Supply Hasn’t Moved As Long-Term Holders Tighten Grip From Short To Long: A Full Reversal The turnaround began around May 6, when net positions started climbing out of negative territory. By May 9, the indicator had crossed into positive ground, and it kept climbing. According to market watcher CW, buying pressure has grown sharply and is now dominating the market. “The upward momentum of $SHIB is increasing explosively,” he said. The upward momentum of $SHIB is increasing explosively. Upward pressure is very strong. pic.twitter.com/krXs9zhcM7 — CW (@CW8900) May 10, 2026 That momentum shows up clearly on the price chart. SHIB has bee
The post Best Crypto Picks for a $300 Budget: Why Little Pepe (LILPEPE) Is Standing Out Against SHIB and DOGE appeared on BitcoinEthereumNews.com.
For people who are just venturing into the cryptocurrency world with $300 available, only two names stand out: Shiba Inu and Dogecoin. While both these currencies have managed to get themselves entrenched within a certain community, with an ever-growing number of contenders in the market, their presence is being slowly overshadowed by other coins. One of those coins is Little Pepe (LILPEPE), which combines both its meme coin nature and the community aspect into its system. Meme Coins Chose a Different Path SHIB and DOGE still hold a dominant place in the meme coin landscape. SHIB, which has a total supply of 589.49 trillion tokens and a circulating supply of 589.24 trillion, is based on a highly abundant supply environment that makes it difficult for the price to move suddenly unless influenced by considerable demand. On the other hand, DOGE