BURNING

Memecoin Bonk, inspired by dog-themed memes, faces a significant decline despite a massive token burn event that removed 1.69 trillion tokens worth over $51 million from circulation. The event, known as BURNmas, failed to prevent the cryptocurrency's price drop.
Delayed BURNmas Execution
The Bonk team originally planned to conduct the token burn on Christmas Day, December 25, but delays pushed the event to the following day, December 26. The initiative was part of a marketing campaign that included:
Burning 1,000 BONK tokens for every post on the X platform (formerly Twitter) with the hashtag #LetsBONK.Burning 10,000 BONK tokens for every new follower on Instagram and TikTok.
Initially set to burn 1 trillion tokens, the community's support allowed the burn to reach 1.69 trillion tokens, representing 1.85% of the total supply, which now stands at 90.97 trillion tokens, according to CoinGecko data.

Why Is BONK's Price Falling?
Token burns are typically employed as a strategy to increase value by reducing supply. However, BONK has failed to replicate its November success, where a similar event saw prices soar by 56% and market capitalization reach an all-time high of $4.38 billion.
Following the December 26 burn event, BONK's price dropped by 7.2%, amid a broader market decline. Its market capitalization now stands at $2.3 billion.
Community Frustration
The delay in the BURNmas event has sparked frustration within the BONK community. Some users voiced concerns over the team's lack of communication.
A user on X, BestBets, directed criticism toward a Bonk team member known as “Nom”:
“Prices keep dropping because you guys don't keep your word and fail to communicate,” said BestBets.
“Lying to the community will cost you progress and coin holders,” added another user, PootieCoin.

BONK Still Among Top Memecoins
Despite the decline, BONK remains the fourth-largest memecoin by market capitalization, totaling over $105 billion. Its competitors include Dogecoin, Shiba Inu, and Pepe, according to CoinGecko data.

#Bonk , #Memecoins🤑🤑 , #CryptoNewss , #burning , #PricePredictions2024

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

SHIB is Rising, But Can It Break Key Resistance Levels?
Over the past week, the burn rate of Shiba Inu (SHIB) has skyrocketed by 3,829.51%, sparking speculation about a potential price increase driven by a decreasing supply.
At the time of writing, SHIB was trading at $0.00001529, reflecting a 5.88% increase in the past 24 hours. The meme coin’s market capitalization surpassed $9.18 billion, strengthening its position in the market.
However, despite this impressive burn rate, the main question remains: Can SHIB sustain this momentum and break through key resistance levels?
Does a High Burn Rate Guarantee Price Growth?
While token burning reduces overall supply, price growth can only be achieved if there is strong buying pressure. A previous 612% increase in the burn rate had minimal impact on SHIB's price due to low market demand.
SHIB’s price movement is influenced not just by burning but also by overall market sentiment, trading volume, and accumulation by large investors (whales).
Without rising demand, even a massive token burn may not translate into sustained price growth.
How Many SHIB Holders Are in Profit?
Currently, 40.42% of SHIB holders are in profit, while 55.09% remain at a loss, indicating that they bought at higher prices.
This imbalance could create selling pressure, as investors might exit at break-even points, preventing further growth.
However, if SHIB surpasses the $0.000016 resistance level, it could trigger renewed bullish sentiment and further accumulation.

Technical Analysis: Where Will SHIB Move Next?
The daily chart shows a descending wedge pattern, which often precedes a breakout.
Currently, SHIB is struggling with resistance at $0.00001686 – if it successfully breaks this level, the next major resistance is at $0.00002011, potentially paving the way for a stronger rally.
Conversely, if SHIB loses support at $0.00001290, a deeper decline could erase recent gains.

Declining New Addresses Despite Price Increase?
On-chain data reveals that the number of new SHIB addresses dropped by 18.83%, signaling weakened retail participation.
Additionally, active addresses decreased by 16.76%, indicating fewer transactions despite the price increase.
On the other hand, whale activity has surged, with transactions over $100,000 increasing by 611.69%, suggesting growing institutional interest. If retail traders return, SHIB could gain further momentum and reinforce its uptrend.

Conclusion: Can SHIB Maintain Its Rally?
While a high burn rate supports price stability, actual growth depends on demand and buying pressure. Breaking through the critical $0.00001686 resistance level is essential for SHIB to sustain its upward trajectory.
If demand remains weak, SHIB may enter a consolidation phase or even retrace. Therefore, despite the significant burn event, long-term price growth will only occur if trading volume and market interest increase simultaneously. 🚀

#SHIB , #memecoin🚀🚀🚀 , #Shibarium , #CryptoAnalysis , #burning

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The Shiba Inu burn rate has surged by 1300%, with over 30 million tokens removed from circulation in a single day. This development fuels speculation that SHIB's price could soar to $0.000081, as predicted by a leading crypto analyst.
Shiba Inu Tokens Burned at Record Pace! 🚀
According to data from Shibburn, on February 27, the SHIB burn rate skyrocketed by 1306%. This means that 30.15 million tokens were sent to an irreversible address, permanently reducing the circulating supply.

Why does this matter? 🔥
Burning tokens decreases the total supply, which can lead to higher prices due to reduced availability. This mechanism is a crucial part of SHIB’s tokenomics, aiming for long-term price appreciation.
How Many Tokens Have Been Burned So Far? 📉
The total number of burned SHIB tokens now stands at 410.74 trillion, while the circulating supply remains at 584.32 trillion. In February alone, 257.65 million tokens were burned, reinforcing the ongoing trend.
These figures boost investor confidence, as reducing available supply could drive SHIB’s price higher over time. Despite ongoing market uncertainty, the Shiba Inu community remains bullish.

Will SHIB Reach $0.000081? 🤔
Currently, Shiba Inu is trading at $0.00001469, reflecting a 3% increase. The token has fluctuated between $0.00001377 and $0.0000147 throughout the day.

Interestingly, SHIB has outperformed Bitcoin and Ethereum, both of which have experienced significant downturns due to concerns over new tariffs introduced by Donald Trump. Meanwhile, meme tokens built on Ethereum have remained resilient.
🔍 Crypto analyst Javon Marks highlighted that SHIB is still holding onto a key breakout level from late 2022/early 2023. Based on historical trends, he predicts a 450% surge, projecting SHIB to hit $0.000081.

Shiba Inu’s Bullish Outlook Continues! 🐶💎
Despite market volatility, investors remain optimistic about SHIB’s future. The combination of accelerated token burning, positive technical indicators, and increasing demand suggests the potential for further price growth.
📈 Will Shiba Inu hit $0.000081? What do you think?

#SHIB , #Shibarium , #CryptoNewss , #burning , #CryptoMarket

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The BNB Foundation has announced the completion of its 30th quarterly token burn, removing over 1.6 million BNB from circulation, valued at $1.16 billion. The foundation still aims to reduce the total supply of tokens to 100 million BNB, which means burning an additional 42.47 million tokens.
Token Burn Utilized Auto-Burn and Pioneer Burn Mechanisms
The burn was executed using the Auto-Burn mechanism introduced through BEP-95, which eliminated more than 1.5 million BNB. An additional 110,000 BNB were burned through the Pioneer Burn program.
According to the foundation, these tokens were deemed "irretrievable" by validators on the Beacon Chain and were considered permanently burned. Validators received compensation through the Pioneer Burn Program. Current data shows approximately 142.47 million BNB tokens remain in circulation.
Future Burning Processes to Rely on Auto-Burn
The BNB Foundation plans to continue gradually reducing the token supply using the Auto-Burn mechanism. This system will adjust burn amounts based on the price of BNB and the number of blocks generated on the BNB Smart Chain (BSC) during each quarter, ensuring predictability and transparency.

Burns will be conducted via the “black hole” address:
0x0000000000000000000000000000000000dEaD
Additionally, the BNB Chain will maintain real-time burning based on gas fees. Since the introduction of BEP-95, nearly 248,000 BNB have been burned using this mechanism.
The Pioneer Burn program will also continue to help users recover tokens lost due to honest mistakes through quarterly burn events.
Binance CEO on Crypto Adoption
Binance CEO Richard Teng stated that cryptocurrency adoption is still in its early stages. He highlighted the misconception that it is "too late" to get involved in crypto, emphasizing the transformative potential the industry still holds.
Teng noted that while early adopters have benefited from their foresight, the opportunities ahead are equally significant.
Using Bitcoin as an example, Teng pointed out that what was once considered impossible—such as a $100,000 price—has now become normalized.
"What was impossible yesterday is expected or even ordinary today," said Teng.
He added that the momentum in the cryptocurrency industry is accelerating in 2024 and will likely gain even more speed in 2025.

#Binance , #burning , #CryptoMarket , #CryptoNewss , #cryptocurrencies

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Crypto coins ကို burn လုပ်တာဟာ အဓိကအားဖြင့် supply ကိုလျှော့ချပြီး တန်ဖိုးတိုးစေဖို့ ဖြစ်ပါတယ်။ Burn လုပ်တဲ့အခါမှာ, အဲဒီ coins တွေကို မဖြေနိုင်တဲ့ wallet (burn address) တစ်ခုထဲကိုပို့လိုက်တာဖြစ်ပြီး, အမြဲတမ်းသုံးမရတော့ဘဲ စျာပနဖြစ်သွားပါတယ်။

Crypto Coin Burn လုပ်ရတဲ့ အကြောင်းအရင်း#တွေ
Supply ကိုထိန်းချုပ်ဖို့ – Supply များလာရင် တန်ဖိုးကျရမှာမို့, Supply ကိုလျှော့ချဖို့ burn လုပ်ကြတာပါ။ (e.g., BNB quarterly burn)Price ကိုမြှင့်ဖို့ – Demand အများကြီးရှိရင် Supply ကိုလျှော့လိုက်ရင်, တန်ဖိုးမြင့်လာနိုင်ပါတယ်။
Deflationary Mechanism – တချို့ coins တွေမှာ built-in burn mechanism ပါပြီး, စျေးကွက်ထဲမှာ များလာတဲ့ coins တွေကို အလိုအလျောက် burn လုပ်သွားပါတယ်။ (e.g., Shiba Inu, Terra Classic)Transaction Fees Burn – Blockchain တချို့ (Ethereum, BNB Chain) တွေမှာ transaction fees တစ်စိတ်တပိုင်းကို burn လုပ်တဲ့ mechanism တွေလည်းရှိပါတယ်။Community Engagement – တစ်ချို့ projects တွေက community vote ဖြင့် burn လုပ်ပြီး, project ကိုပိုပြီး decentralized ဖြစ်စေချင်တာပါ။#myanmar #Beginnersguide #burning