The post Shiba Inu drops 5% despite biggest token burn in 6 months – Here’s why! appeared on BitcoinEthereumNews.com.
Token burns often act as a mechanism to help a token diverge from broader market FUD. The logic is simple: Burning tokens permanently removes them from circulation by sending them to dead wallets, reducing the liquid supply available in the market. If demand stays the same or increases, this lower supply can create scarcity, supporting price and helping the token outperform the broader market. The Shiba Inu community appears to be testing this thesis in real time. As the chart below shows, more than 110 million SHIB were burned on the 8th of July, marking the biggest single-day burn in six months. More importantly, weekly burns have now climbed to 152 million SHIB, suggesting the burn rate is accelerating despite broader memecoin weakness. Source: Shiburn However, the burns have yet to translate into any meaningful technical strength. SHIB is down around 4.57% on the
The post Shiba Inu Burn Rate Goes Parabolic, Yet SHIB Keeps Bleeding: Details appeared on BitcoinEthereumNews.com.
Despite the effort, SHIB remains under pressure and could tumble even more in the near future. Shiba Inu saw its largest burn in the last six months, which is typically interpreted as a bullish signal. However, SHIB’s price remains heavily suppressed in the bear market, and multiple factors point to further downside in the short term. The Burn and More On July 8, the SHIB team and community scorched almost 110 million coins. However, the USD equivalent of the coins sent to a dead wallet is negligible, and with roughly 585 trillion coins still in circulation, much bigger burns will be required to trigger a major upswing. The burning mechanism was introduced in 2022, and its ultimate goal is to make the token scarcer and potentially more valuable (should demand remain stable or head north). It is also important to note that Vitaliк Buterin contributed a significant portion
The post Shiba Inu Veteran Hints at Major Updates Ahead for SHIB Projects appeared on BitcoinEthereumNews.com.
In a recent X conversation, Mazrael, a Shiba Inu community veteran, hinted at major updates ahead for SHIB projects. The projects specifically mentioned are the Shiba Eternity game and Shiba Inu metaverse, a virtual world backed by the Shiba Inu ecosystem, which Mazrael stated had been temporarily paused. Mazrael was responding to an X user who asked if Shiba Eternity was now online. Being Shiba Eternity’s game advisor, Mazrael’s response suggests work is ongoing behind the scenes, despite the temporary pause. $560 Million Record: CashCat Coin Takes Over Robinhood; Hyperliquid Joins XRP in Bitwise 10 Crypto Index; 105,742,020% in Bitcoin: Satoshi-Era Whale Awakens – Morning Crypto Report XRP ETFs Log One of Biggest Outflows of 2026 meh in an environment where lesser doggos would shutdown their L2.. we temporary paused SE along with the metaverse can refer to https://t.co/wOMPU
The post Meme Coins Price Prediction for Today: Can DOGE, SHIB, and MemeCore Sustain a Rebound? appeared on BitcoinEthereumNews.com.
Dogecoin remains below key EMAs as resistance continues limiting recovery attempts. Shiba Inu defends support, but buyers still need stronger breakout confirmation. MemeCore rebounds cautiously as overbought momentum threatens fresh consolidation. The meme coin market continues to struggle as traders weigh short-term recovery attempts against persistent bearish pressure. Dogecoin, Shiba Inu, and MemeCore have all attracted renewed buying interest after recent declines. However, none of the three assets has reclaimed key technical barriers that would confirm a broader trend reversal. Dogecoin Price Prediction: DOGE Faces Resistance as Recovery Attempts Slow Dogecoin trades near $0.0729 after bouncing from recent lows. However, the token still sits below every major exponential moving average, keeping the broader outlook under pressure. The 20-day EMA at $
The post XRP ETFs Log One of Biggest Outflows of 2026 appeared on BitcoinEthereumNews.com.
Reen volatility A drop in the bucket XRP spot exchange-traded funds have recorded a substantial $7.29 million net outflow. This is the most significant single-day loss that these funds have recorded since March. The Bitwise factor XRP ETFs Log One of Biggest Outflows of 2026 Can Cashcat (CASHCAT) Become Next Shiba Inu (SHIB)? Ethereum’s (ETH) Strongest Recovery Yet, Bitcoin (BTC) Reversal Is Close: Crypto Market Review Notably, a single fund for the unfortunate outflows. The Bitwise XRP ETF fully absorbed the $7.29 million net redemption. However, despite bleeding capital during the mid-week trading session, the broader outlook for the Bitwise product remains rather positive. The fund’s cumulative historical net inflow still sits at an impressive $494 million. However, it has lost only a fraction of the total capital it has attracted since its inception. Reen volatility The July 8 outflow
The post Can Cashcat (CASHCAT) Become Next Shiba Inu (SHIB)? Ethereum’s (ETH) Strongest Recovery Yet, Bitcoin (BTC) Reversal Is Close: Crypto Market Review appeared on BitcoinEthereumNews.com.
Ethereum picks up momentum Will Bitcoin bounce? With the introduction of Robinhood Chain, a new Layer-2 network created with Arbitrum technology, Cashcat (CASHCAT) has rapidly emerged as one of the most talked-about memecoins in the cryptocurrency space. Some traders are wondering if CASHCAT could become for Robinhood Chain what Shiba Inu became for Ethereum, given the token’s quick ascent, increasing whale activity, and compelling story. The most recent catalyst was a wallet called ‘Ansem-2,’ which spent about $233,000 in a matter of hours to obtain 2.79 million CASHCAT tokens. The wallet is connected to a Solana address that is said to contain millions of dollars’ worth of ANSEM tokens and has made significant profits from prior trades involving memes. It remains to be seen if this purchase wi
The post Shiba Inu Price Prediction: SHIB’s Path and Why Launch Week Belongs to Bullski’s Priority List appeared on BitcoinEthereumNews.com.
Any honest Shiba Inu price prediction starts from the same fact: SHIB already made its legendary run, and the next one has to move hundreds of trillions of tokens. So this forecast maps a path instead of promising fireworks, through the burns, Shibarium, the supply math, and the meme cycle. It also covers the other Ethereum meme story this week, a brand new stage one opening Friday on Bullski’s official website, where the free priority list is filling ahead of launch. SHIB’s Path From Here SHIB launched on Ethereum in August 2020 and turned a joke into an empire: Shibarium, its own layer 2, a burn portal steadily retiring tokens, listings on most major exchanges, and one of the biggest holder bases in crypto. The project outgrew the meme label years ago, which is exactly what a forecast has to price. Mature coins move differently. SHIB trades with
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
