Burning
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Over 410 Trillion SHIB Burned! Is Shiba Inu Ready to Explode by 150%?
While the crypto market remains under bearish pressure, Shiba Inu (SHIB) is quietly building momentum for a potential explosive move. With more than 410 trillion tokens burned and a surge in staking activity, this meme coin could be preparing for a powerful rally. Is a major price breakout on the horizon?
♻️ Token Burns & Staking: SHIB's Secret Weapons
SHIB is currently trading around $0.000014, just above its yearly low of $0.00001025. But behind the scenes, two major catalysts are fueling optimism:
🔹 Token burning – the permanent removal of coins from circulation – is accelerating. Over 420 trillion SHIB have been burned since inception, with 14.76 million burned just on Monday. The total supply has now dropped to around 584 trillion.
🔹 At the same time, SHIB holders have staked more than 4.8 trillion xSHIB tokens, currently worth over $67 million – a clear sign of long-term confidence from the SHIB Army.
🧨 How Is SHIB Burning Its Tokens?
Burning occurs through multiple methods:
🔹 Users send SHIB to so-called “dead” addresses, rendering them unusable
🔹 Fees generated from the Shibarium ecosystem are converted from BONE to SHIB, and then burned
This gradually reduces supply, potentially increasing token value – especially if demand begins to surge.
📈 Chart Analysis Suggests a 150% Upside
Technical indicators suggest SHIB may be on the verge of a 150% breakout. Why? The daily chart reveals a massive double bottom pattern, which often signals a strong bullish reversal.
🔹 The double bottom lies at $0.00001080, touched both in August 2023 and again this April.
🔹 A breakout above the neckline at $0.000033 could trigger a powerful price rally.
Before reaching that target, SHIB must break through two key levels:
🔹 $0.00001565 – the neckline of a smaller double bottom formed this month
🔹 $0.000022 – the critical 50% Fibonacci retracement level
However, if SHIB falls back below $0.00001080, the bullish outlook could be invalidated.
🐾 Conclusion: Burns Are Up, Confidence Is Rising – and a Breakout May Be Coming
SHIB may still be trading at low levels, but under the surface, the fundamentals are heating up. A combination of accelerated token burning, rising staking activity, and bullish technical signals could be the perfect recipe for a breakout.
Will SHIB become the surprise star of the year?
#SHIB , #Shibarium , #memecoin🚀🚀🚀 , #burning , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,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.“
♻️ Token Burns & Staking: SHIB's Secret Weapons
SHIB is currently trading around $0.000014, just above its yearly low of $0.00001025. But behind the scenes, two major catalysts are fueling optimism:
🔹 Token burning – the permanent removal of coins from circulation – is accelerating. Over 420 trillion SHIB have been burned since inception, with 14.76 million burned just on Monday. The total supply has now dropped to around 584 trillion.
🔹 At the same time, SHIB holders have staked more than 4.8 trillion xSHIB tokens, currently worth over $67 million – a clear sign of long-term confidence from the SHIB Army.
🧨 How Is SHIB Burning Its Tokens?
Burning occurs through multiple methods:
🔹 Users send SHIB to so-called “dead” addresses, rendering them unusable
🔹 Fees generated from the Shibarium ecosystem are converted from BONE to SHIB, and then burned
This gradually reduces supply, potentially increasing token value – especially if demand begins to surge.
📈 Chart Analysis Suggests a 150% Upside
Technical indicators suggest SHIB may be on the verge of a 150% breakout. Why? The daily chart reveals a massive double bottom pattern, which often signals a strong bullish reversal.
🔹 The double bottom lies at $0.00001080, touched both in August 2023 and again this April.
🔹 A breakout above the neckline at $0.000033 could trigger a powerful price rally.
Before reaching that target, SHIB must break through two key levels:
🔹 $0.00001565 – the neckline of a smaller double bottom formed this month
🔹 $0.000022 – the critical 50% Fibonacci retracement level
However, if SHIB falls back below $0.00001080, the bullish outlook could be invalidated.
🐾 Conclusion: Burns Are Up, Confidence Is Rising – and a Breakout May Be Coming
SHIB may still be trading at low levels, but under the surface, the fundamentals are heating up. A combination of accelerated token burning, rising staking activity, and bullish technical signals could be the perfect recipe for a breakout.
Will SHIB become the surprise star of the year?
#SHIB , #Shibarium , #memecoin🚀🚀🚀 , #burning , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,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.“
Hello everyone
we all know that #Binance is #burning $LUNC every months
The question is: why the validators are not doing the same?
#Allnodes where are you?
I think that the community have to take action in some way
imagine if the people sell all Lunc.....
Price drop immediately.....then nothing for us and nothing for them
Untrusted validators!
#Lunccommunity rise the voice
we all know that #Binance is #burning $LUNC every months
The question is: why the validators are not doing the same?
#Allnodes where are you?
I think that the community have to take action in some way
imagine if the people sell all Lunc.....
Price drop immediately.....then nothing for us and nothing for them
Untrusted validators!
#Lunccommunity rise the voice
MANTRA Announces Massive 300 Million OM Token Burn to Restore Investor Confidence... 🥶
In a bold move to stabilize its ecosystem and regain investor trust, MANTRA has announced a significant burn of 300 million OM tokens, which amounts to approximately 16.88% of the total supply. The decision comes in the wake of a dramatic market crash that saw OM’s price plummet over 90% within an hour, wiping out more than $5.5 billion in market capitalization.
John Patrick Mullin, the CEO and co-founder of MANTRA, is leading the initiative by sacrificing his entire personal allocation—150 million tokens, valued at over $82 million. An additional 150 million tokens will be contributed by MANTRA’s ecosystem partners, all of which will be permanently removed from circulation by April 29, 2025.
The crash, which occurred on April 13, was reportedly triggered by large token transfers to centralized exchanges, resulting in forced liquidations. This unprecedented plunge raised serious concerns among holders and the broader crypto community.
“This burn is not just about numbers,” Mullin stated. “It’s a commitment to our community, to transparency, and to the long-term vision of MANTRA as a truly decentralized and sustainable ecosystem.”
The token burn began with the unstaking of Mullin’s allocation, which had originally been locked as part of the team and core contributors’ pool since the network’s mainnet launch in October 2024.
While OM’s price has seen continued volatility—including a 5% dip immediately following the burn announcement—many analysts see this move as a step in the right direction. The reduction in circulating supply is expected to positively impact staking rewards and help reduce inflationary pressure.
The community response has been overwhelmingly supportive. In a recent poll, over 81% of respondents backed the token burn, calling it a much-needed action to rebuild faith and accountability in the project.
As MANTRA works to move past the recent turmoil, the success of this burn could set a precedent for how decentralized projects respond to crises with transparency and accountability.
$OM
#om #CryptoMarketCapBackTo$3T #BullishRise #burning
John Patrick Mullin, the CEO and co-founder of MANTRA, is leading the initiative by sacrificing his entire personal allocation—150 million tokens, valued at over $82 million. An additional 150 million tokens will be contributed by MANTRA’s ecosystem partners, all of which will be permanently removed from circulation by April 29, 2025.
The crash, which occurred on April 13, was reportedly triggered by large token transfers to centralized exchanges, resulting in forced liquidations. This unprecedented plunge raised serious concerns among holders and the broader crypto community.
“This burn is not just about numbers,” Mullin stated. “It’s a commitment to our community, to transparency, and to the long-term vision of MANTRA as a truly decentralized and sustainable ecosystem.”
The token burn began with the unstaking of Mullin’s allocation, which had originally been locked as part of the team and core contributors’ pool since the network’s mainnet launch in October 2024.
While OM’s price has seen continued volatility—including a 5% dip immediately following the burn announcement—many analysts see this move as a step in the right direction. The reduction in circulating supply is expected to positively impact staking rewards and help reduce inflationary pressure.
The community response has been overwhelmingly supportive. In a recent poll, over 81% of respondents backed the token burn, calling it a much-needed action to rebuild faith and accountability in the project.
As MANTRA works to move past the recent turmoil, the success of this burn could set a precedent for how decentralized projects respond to crises with transparency and accountability.
$OM
#om #CryptoMarketCapBackTo$3T #BullishRise #burning
See original
$BTTC
BTTC is the token used to pay transaction fees when sending assets across blockchains such as Ethereum, BNB Chain, and TRON.
Because its function is to keep transaction costs low, the price of BTTC ideally should not rise too high. If it becomes too expensive, then the cost of sending assets also becomes high, and people may be reluctant to use the network.
Therefore, BTTC is designed to be stable and inexpensive, not for high price speculation like Bitcoin. However, if its usage increases, the price can still rise slightly in a reasonable manner.
But this does not mean it cannot rise at all—reasonable increases are still possible if adoption and transaction volume increase.
Estimated Fair Price of BTTC:
$0.0005 – $0.002 per BTTC
This is a range that is still acceptable to keep transaction costs low (like some other utility tokens, for example TRON or MATIC in their early days).
The fair price of BTTC, if it rises, must remain low because it is used for transaction fees. A reasonable range is around $0.0005 to $0.002.
If it goes above that, the cost of sending across networks could become too high, and people may be reluctant to use BTTC. So even though it can rise, the increase must remain limited to keep its function efficient.
@Justin Sun孙宇晨
#burning
#BTTCBURN
$TRX
BTTC is the token used to pay transaction fees when sending assets across blockchains such as Ethereum, BNB Chain, and TRON.
Because its function is to keep transaction costs low, the price of BTTC ideally should not rise too high. If it becomes too expensive, then the cost of sending assets also becomes high, and people may be reluctant to use the network.
Therefore, BTTC is designed to be stable and inexpensive, not for high price speculation like Bitcoin. However, if its usage increases, the price can still rise slightly in a reasonable manner.
But this does not mean it cannot rise at all—reasonable increases are still possible if adoption and transaction volume increase.
Estimated Fair Price of BTTC:
$0.0005 – $0.002 per BTTC
This is a range that is still acceptable to keep transaction costs low (like some other utility tokens, for example TRON or MATIC in their early days).
The fair price of BTTC, if it rises, must remain low because it is used for transaction fees. A reasonable range is around $0.0005 to $0.002.
If it goes above that, the cost of sending across networks could become too high, and people may be reluctant to use BTTC. So even though it can rise, the increase must remain limited to keep its function efficient.
@Justin Sun孙宇晨
#burning
#BTTCBURN
$TRX
🔥🔥🔥 Mantra says CEO has begun the process of burning his 150M $OM tokens
#om #burning #BinanceSquare
$OM
#om #burning #BinanceSquare
$OM
See original
The MANTRA team announced plans to burn 300 million $OM (about $156 million), of which 150 million belong to founder John Mallin. His tokens were locked at the launch of the mainnet, with completion expected by April 29. The remaining 150 million are still under discussion.
Therefore, it is worth considering a Long position in the short term, but be careful and DYOR
#burning #om
Therefore, it is worth considering a Long position in the short term, but be careful and DYOR
#burning #om
See original
$BTTC
BTTC is the token used to pay transaction fees when sending assets across blockchains such as Ethereum, BNB Chain, and TRON.
Because its function is to keep transaction costs low, the price of BTTC ideally should not rise too high. If it becomes too expensive, then the cost of sending assets also becomes high, and people may be reluctant to use the network.
Therefore, BTTC is designed to be stable and inexpensive, not for high price speculation like Bitcoin. However, if its usage increases, the price can still rise slightly in a reasonable manner.
But this does not mean it cannot rise at all—reasonable increases are still possible if adoption and transaction volume increase.
Estimated Fair Price of BTTC:
$0.0005 – $0.002 per BTTC
This is a range that is still acceptable to keep transaction costs low (like some other utility tokens, for example TRON or MATIC in their early days).
The fair price of BTTC, if it rises, must remain low because it is used for transaction fees. A reasonable range is around $0.0005 to $0.002.
If it goes above that, the cost of sending across networks could become too high, and people may be reluctant to use BTTC. So even though it can rise, the increase must remain limited to keep its function efficient.
@Justin Sun孙宇晨
#burning
#BTTCBURN
$TRX
BTTC is the token used to pay transaction fees when sending assets across blockchains such as Ethereum, BNB Chain, and TRON.
Because its function is to keep transaction costs low, the price of BTTC ideally should not rise too high. If it becomes too expensive, then the cost of sending assets also becomes high, and people may be reluctant to use the network.
Therefore, BTTC is designed to be stable and inexpensive, not for high price speculation like Bitcoin. However, if its usage increases, the price can still rise slightly in a reasonable manner.
But this does not mean it cannot rise at all—reasonable increases are still possible if adoption and transaction volume increase.
Estimated Fair Price of BTTC:
$0.0005 – $0.002 per BTTC
This is a range that is still acceptable to keep transaction costs low (like some other utility tokens, for example TRON or MATIC in their early days).
The fair price of BTTC, if it rises, must remain low because it is used for transaction fees. A reasonable range is around $0.0005 to $0.002.
If it goes above that, the cost of sending across networks could become too high, and people may be reluctant to use BTTC. So even though it can rise, the increase must remain limited to keep its function efficient.
@Justin Sun孙宇晨
#burning
#BTTCBURN
$TRX
See original
$BTTC
It's time for BTTC to shine brighter.
Imagine the extraordinary potential that can be achieved when the supply of BTTC becomes more efficient and controlled.
With community support, consistent burn actions, and a long-term vision, we can drive healthy and sustainable value growth.
Because in the world of digital assets, scarcity creates strength.
The smaller the supply, the greater the potential.
Let's be part of the change.
Support the burn. Hold BTTC. Build the future.
$TRX
$ETH
@Justin Sun孙宇晨
#BTTCBURN
#burning
#burn
It's time for BTTC to shine brighter.
Imagine the extraordinary potential that can be achieved when the supply of BTTC becomes more efficient and controlled.
With community support, consistent burn actions, and a long-term vision, we can drive healthy and sustainable value growth.
Because in the world of digital assets, scarcity creates strength.
The smaller the supply, the greater the potential.
Let's be part of the change.
Support the burn. Hold BTTC. Build the future.
$TRX
$ETH
@Justin Sun孙宇晨
#BTTCBURN
#burning
#burn
Crypto Coin Burn လုပ်ရတဲ့ အကြောင်းအရင်း
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
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
🚨Mantra DAO Burns 21.23 Million $OM ($132M)
🔹Address 0x63...4Ff2, possibly linked to the Mantra DAO project team, burned 21.23 million OM today at 17:47 UTC+8.
🔹Total OM burned to date: 84.02 million OM, with a total burn value of $524 million.
#MantraDAO #OM #Burning
-Arkham$OM
🔹Address 0x63...4Ff2, possibly linked to the Mantra DAO project team, burned 21.23 million OM today at 17:47 UTC+8.
🔹Total OM burned to date: 84.02 million OM, with a total burn value of $524 million.
#MantraDAO #OM #Burning
-Arkham$OM
Hello everyone
🚨breaking news🚨
#BINANCE burned 1.4 Billion of $LUNC
#WEEX burned 5.1 Milion of LUNC
Those amounts are related to April
As you know those amounts are less than expected because in April the volume of trading was low due to BTC halving, Middle East crisis and FED decision of cutting interest percentage
All crypto are down following BTC as always and this is clear, but a bullrun is near
Always thanks to the #Community for keep going and supporting the #burning of LUNC
Please share the message 🙏🫶
Let's gooo, be positive 💪💪💪🚀🚀🚀
#roadto1usd
🚨breaking news🚨
#BINANCE burned 1.4 Billion of $LUNC
#WEEX burned 5.1 Milion of LUNC
Those amounts are related to April
As you know those amounts are less than expected because in April the volume of trading was low due to BTC halving, Middle East crisis and FED decision of cutting interest percentage
All crypto are down following BTC as always and this is clear, but a bullrun is near
Always thanks to the #Community for keep going and supporting the #burning of LUNC
Please share the message 🙏🫶
Let's gooo, be positive 💪💪💪🚀🚀🚀
#roadto1usd
$BTTC Queima 🔥🔥🔥 sai deste corpo que não te pertence!!! Assim como no Museu Ipiranga houve a algum tempo atrás queimas e destrosos e depois uma grande REFORMA no patrimônio Público, assim teriam que ser este $BTTC haja paciência na minha cabecinha🧠, espero que esta Cripto não vire obra de Museu estilo Mona Lisa, Povão sera que este BTTC sera a próxima obra da Mona lisa?? Denominado: "BTTC Lisa*, kkkkkk
#monalisa #bttc🔥🔥🔥 #BTTCLOVERSclack #BinanceSquareFamily #burning
$BTC
#monalisa #bttc🔥🔥🔥 #BTTCLOVERSclack #BinanceSquareFamily #burning
$BTC
📣 Big News ! 🧭
🦊 Shiba Inu BURNING 🔥
🐶 Floki Inu BURNING 🔥
📣 Kusama Speaks on Burning 1 Trillion Shiba Inu Tokens
🐕 While Shiba Inu (SHIB) and Floki Inu (FLOKI) are burning tokens like wildfire, there's talk about the difference in the amounts burned by each project.
🔴 Claim Free Airdrop
👨💻 Shiba Inu's lead developer, Shytoshi Kusama, explained why they can't match Floki's trillion-token burn. He highlighted Shiba's decentralized nature and his focus on benefiting the community rather than just burning tokens for the sake of it.
🚀 Floki Inu has made waves with its recent burn of over 200 billion tokens, pushing its price to new heights. Despite the difference in burn quantities, both FLOKI and SHIB prices have soared, showing the community's excitement and support for these projects.
💪 Whether it's trillions or billions, both projects are igniting excitement in the crypto world and proving the strength of community-driven initiatives.
🔥 Keep holding, keep burning, and let's see where the meme coin frenzy takes us next! 🚀
claim Free Reward 🔥
#HotTrends #trendingtopic $SHIB $FLOKI #burning
🦊 Shiba Inu BURNING 🔥
🐶 Floki Inu BURNING 🔥
📣 Kusama Speaks on Burning 1 Trillion Shiba Inu Tokens
🐕 While Shiba Inu (SHIB) and Floki Inu (FLOKI) are burning tokens like wildfire, there's talk about the difference in the amounts burned by each project.
🔴 Claim Free Airdrop
👨💻 Shiba Inu's lead developer, Shytoshi Kusama, explained why they can't match Floki's trillion-token burn. He highlighted Shiba's decentralized nature and his focus on benefiting the community rather than just burning tokens for the sake of it.
🚀 Floki Inu has made waves with its recent burn of over 200 billion tokens, pushing its price to new heights. Despite the difference in burn quantities, both FLOKI and SHIB prices have soared, showing the community's excitement and support for these projects.
💪 Whether it's trillions or billions, both projects are igniting excitement in the crypto world and proving the strength of community-driven initiatives.
🔥 Keep holding, keep burning, and let's see where the meme coin frenzy takes us next! 🚀
claim Free Reward 🔥
#HotTrends #trendingtopic $SHIB $FLOKI #burning
BONK Drops 7% Despite $51 Million Worth of Tokens Burned During BURNmas
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
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,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.“
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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Notice:
,,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.“
Key Levels for Shiba Inu After a 3,829.51% Surge in Burn Rate
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
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,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.“
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
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,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.“
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HOW WILL BINANCE COIN (BNB) PRICE REACT TO $1 BILLION TOKEN BURN?
On November 1, BNB Chain announced the completion of its 29th quarterly burn, which resulted in a decrease in the total supply of the cryptocurrency.
The important event seems to have significantly affected the sentiment of BNB bulls. We figure out with the help of on-chain metrics and technical indicators whether they have enough strength to start a full-fledged rally.
Investors are interested in Binance Coin again
BNB Chain announced the burning of 1.77 million BNB worth over $1 billion. The token burn helps to reduce the total supply, which potentially supports bullish sentiment among holders of the asset.
The event noticeably affected investor activity. The chart below shows that the Balance of Power (BoP) indicator increased after the burn, indicating an improvement in sentiment among market participants.
The Weighted Sentiment indicator, which reflects the overall market attitude towards the cryptocurrency, is also showing growth. This means that most investors believe in the positive dynamics of BNB, which can contribute to the growth of demand for the altcoin.
#BNB #Binance #burning $BNB
On November 1, BNB Chain announced the completion of its 29th quarterly burn, which resulted in a decrease in the total supply of the cryptocurrency.
The important event seems to have significantly affected the sentiment of BNB bulls. We figure out with the help of on-chain metrics and technical indicators whether they have enough strength to start a full-fledged rally.
Investors are interested in Binance Coin again
BNB Chain announced the burning of 1.77 million BNB worth over $1 billion. The token burn helps to reduce the total supply, which potentially supports bullish sentiment among holders of the asset.
The event noticeably affected investor activity. The chart below shows that the Balance of Power (BoP) indicator increased after the burn, indicating an improvement in sentiment among market participants.
The Weighted Sentiment indicator, which reflects the overall market attitude towards the cryptocurrency, is also showing growth. This means that most investors believe in the positive dynamics of BNB, which can contribute to the growth of demand for the altcoin.
#BNB #Binance #burning $BNB
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