According to U.Today, Shiba Inu (SHIB) has seen a significant increase in its token burn rate, while its price is gaining momentum. The tracking site Shibburn reports that over 24.2 million SHIB tokens were burned in the last 24 hours, indicating a 61.02% increase in the token burn rate. The current circulating supply of the meme coin is a staggering 582.7 trillion tokens. To ensure the scarcity of the SHIB tokens, the Shiba Inu ecosystem necessitates token burning events. A balanced circulating supply is crucial not only for the SHIB price but also for a robust ecosystem.
The Shiba Inu community has been proactive, sending millions of tokens to dead wallets. Data shows that approximately 410.7 trillion tokens have been burned or removed from the initial supply, demonstrating the community's commitment to the ecosystem. If this trend continues and the community remains steadfast, the future outlook for SHIB is expected to stay positive.
The price of Shiba Inu has seen a significant increase amid the surge in its burn rate. At the time of writing, SHIB is trading at $0.00002815, up 3.18% in the last 24 hours. Despite a 10.86% drop over the last 30 days, today's surge suggests a potential trend reversal. The meme coin may soon exit the consolidation phase. This outlook is supported by the coin's increasing trading activity. Data indicates that Shiba Inu's 24-hour trading volume has risen by 17.39% to $523.51 million.
However, Shiba Inu may continue to consolidate as the market anticipates the Bitcoin (BTC) halving event. Market participants may choose to wait until the halving event to observe its impact on the market. Therefore, the SHIB community may need to wait before witnessing major price movements.
Dogwifhat (WIF) is a Solana-based cryptocurrency that has emerged as one of the most prominent memecoins in the digital asset market. Recognized for its distinctive branding and strong community-driven momentum, WIF has positioned itself alongside leading meme tokens such as Dogecoin and Shiba Inu. While it does not emphasize traditional utility or complex tokenomics, its cultural appeal and viral growth have contributed significantly to its popularity. With listings on major exchanges and a steadily increasing market capitalization, WIF highlights the expanding role of meme-oriented assets within the broader cryptocurrency ecosystem. #BTC #WIF
Citi Bank Raises Ethereum and Bitcoin Price Targets for 2025
According to BlockBeats, Citi Bank has revised upward its year-end 2025 price forecasts for the two largest cryptocurrencies. The bank now expects Ethereum (ETH) to reach $5,400 and Bitcoin (BTC) to climb as high as $181,000, compared to its previous targets of $4,500 and $132,000, respectively.
Citi’s report highlights continued investor demand as a key driver of next year’s potential rally. While the bank remains bullish on both assets, it expressed greater optimism for Bitcoin, citing its dominant share of new liquidity entering the crypto market. #BTC #CitiBank #Ethereum
BNB, Solana, and Dogecoin Show Strong Momentum in October
The crypto market has kicked off "Uptober" with strength, as BNB, Solana (SOL), and Dogecoin (DOGE) post notable gains. According to Cointelegraph, these large-cap altcoins are leading the rally, raising speculation about whether the momentum can extend through the month.
BNB has climbed nearly 6% month-to-date, trading around $1,065 after bouncing off the 20-day EMA near $1,000. Analysts point to an ascending channel pattern and Fibonacci retracements that suggest a potential move toward $1,130 in the short term, with a broader upside target of $1,480 if bullish momentum continues.
Solana has gained 9% in October, rising to about $227.50. Price action remains within a rising wedge pattern, with a possible test of the $250 level. A breakout above could pave the way to $295–$300, while a breakdown risks a 28–30% correction.
Dogecoin has jumped over 11% this month, rebounding within an ascending channel. The meme coin now targets resistance around $0.30–$0.31, with analysts suggesting room for a 20% upside in the near term. A sustained breakout could revive longer-term calls for $1, though failure to hold the $0.25 support may trigger a retreat toward $0.22.
Disclaimer: This update is for informational purposes only and should not be taken as investment advice. #Top
Memecoins have become a significant niche within the cryptocurrency sector, blending internet culture with speculative trading. Today, leading names such as Dogecoin (DOGE), originally created as a joke, and Shiba Inu (SHIB), often referred to as the “Dogecoin killer,” remain at the forefront of this trend. More recently, tokens like PEPE and FLOKI have gained traction, demonstrating how rapidly communities can build momentum around humor-driven projects. Despite their unconventional origins, these coins have attracted substantial trading volumes and strong followings across global markets.
However, memecoins continue to be marked by extreme volatility and limited practical utility compared to established cryptocurrencies. Their value is primarily driven by community sentiment, market speculation, and high-profile endorsements, rather than robust technological frameworks. Nonetheless, the consistent attention they receive underscores their role in shaping market psychology and highlighting the influence of online communities in driving adoption and visibility within the digital asset space. #BTC #Floki #Doge #PEPE #Memecoins
October is often called “Uptober” because historically it kicks off strong market moves. It’s also the start of Q4 (Oct–Dec) — the final stretch of the year where businesses push earnings, and traders watch for rallies.
📊 In crypto, Q4 has a reputation for bullish runs, but remember… it can turn into Rektober too.
👉 What’s your call this year — Uptober or Rektober?
BNB Chain Restores X Account After Hack, Promises Full Compensation
BNB Chain has regained control of its official X account (@BNBCHAIN) after hackers briefly took over and posted 10 phishing links. The incident led to losses of about $8,000, with the largest single victim losing $6,500.
According to BNB Chain, all affected users will be fully compensated. Investigators confirmed that the attacker deployed a phishing contract, injected $17,800, and later exited meme tokens for $22,000.
The team has removed the malicious posts and is conducting a detailed investigation into the breach’s root cause. BNB Chain expressed gratitude to the community and partners who helped flag the phishing links and reiterated its commitment to security and transparency.