📉 $SHIB Inu Faces Steep Risks Despite Burn Rate Surge
Price under pressure: SHIB has shed ~24% in the past month and currently trades around $0.0000113, down from recent highs .
Bearish chart signals: A descending triangle pattern is forming—if confirmed, SHIB could crash ~50% to $0.0000054, even with the recent burns .
🔥 Burn Rate Explosion ≠ Price Support
Community burns skyrocketed by 103,222%, removing ~102 million SHIB in a short span .
However, burning hasn’t fueled a rally—this shows burn momentum alone isn’t enough to reverse a downtrend.
🧩 Why This Matters
Factor Implication
Weak price action Sellers remain in control; lack of reaction to burn suggests sentiment is fragile.
Structural risk Technical patterns imply more downside — not a bounce — unless SHIB reverses trend.
Burn ≠ bounce Token burns reduce supply, but without demand, price strength won’t follow automatically.
#MarketPullback #CryptoStocks #DAOBaseAIBinanceTGE
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Despite public warnings from project teams like Sui and EGLD in May, the scam continued draining millions more. Some investors poured in life savings, and many are now devastated, emotionally.
The truth is ugly, and the damage is real.
Stay tuned, and be extremely cautious with OTC offers that sound too good to be true especially in closed groups.
BTC Slides 2.72% Amid $482M ETF Inflows, Regulatory Moves, and Exchange Withdrawals
Bitcoin (BTCUSDT) is trading at $103,568.33 on Binance, down 2.72% over the past 24 hours from an opening price of $106,459.99. The price decline is primarily attributed to a combination of profit-taking following recent institutional inflows, such as the $482 million net inflow into the BlackRock IBIT ETF, and increased regulatory scrutiny highlighted by a recent U.S. Attorney’s Office filing seeking the forfeiture of over $225 million in crypto assets. Additional factors include the withdrawal of 11,430 BTC from exchanges, which typically signals reduced immediate selling pressure but may also reflect broader market caution after geopolitical events like the Odesa attack. Despite the short-term dip, Bitcoin maintains a dominant market position with a capitalization of approximately $2.06 trillion and a 24-hour trading volume of $54.22 billion, supported by strong institutional participation and ongoing product innovation, such as the upcoming launch of new quarterly BTC futures contracts.
Crypto Market Update 🚨
After yesterday's flush, the market is looking less overheated.
OI has been flushed out, and funding is back to neutral territory.
Yesterday's sudden pump was just due to one entity adding longs on BTC and as usual, whales took him down.
I'm not expecting much movement in the next 2 days, but after that volatility will kick in.
Talks are underway regarding Middle East Situation, and it seems like some resolution could happen.
So, just sit back and relax.
Avoid trading on low liquidity weekends and touch some grass.
GPS Token Jumps 9.24% on Binance Listing, Gaming NFT Integration, and Tick Size Update
GoPlus Security (GPS) experienced a 9.24% price increase over the past 24 hours, rising from a 24h open of $0.0238 to a current price of $0.0260 on Binance. This price surge is primarily attributed to the recent Binance listing announcement, which significantly boosted market visibility and trading activity for GPS, as well as the upcoming adjustment to the GPS/USDT tick size effective June 27, 2025. Additional industry interest has been driven by news of GPS technology integration into blockchain-based gaming NFTs, highlighting expanding use cases. The market saw strong trading volume, with GPS maintaining high liquidity and a circulating supply of 1.81 billion tokens, and a market cap of approximately $48.53 million, indicating sustained investor interest and heightened volatility following recent developments.