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MANTRA Announces Massive 300 Million OM Token Burn to Restore Investor Confidence... đĽś
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 OMâs 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 allocationâ150 million tokens, valued at over $82 million. An additional 150 million tokens will be contributed by MANTRAâs 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.
âThis burn is not just about numbers,â Mullin stated. âItâs a commitment to our community, to transparency, and to the long-term vision of MANTRA as a truly decentralized and sustainable ecosystem.â
The token burn began with the unstaking of Mullinâs allocation, which had originally been locked as part of the team and core contributorsâ pool since the networkâs mainnet launch in October 2024.
While OMâs price has seen continued volatilityâincluding a 5% dip immediately following the burn announcementâmany 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 allocationâ150 million tokens, valued at over $82 million. An additional 150 million tokens will be contributed by MANTRAâs 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.
âThis burn is not just about numbers,â Mullin stated. âItâs a commitment to our community, to transparency, and to the long-term vision of MANTRA as a truly decentralized and sustainable ecosystem.â
The token burn began with the unstaking of Mullinâs allocation, which had originally been locked as part of the team and core contributorsâ pool since the networkâs mainnet launch in October 2024.
While OMâs price has seen continued volatilityâincluding a 5% dip immediately following the burn announcementâmany 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
Kamyla_Svetlana:
Om đď¸
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!
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!
đĽđĽđĽ Mantra says CEO has begun the process of burning his 150M $OM tokens
#om #burning #BinanceSquare
$OM
#om #burning #BinanceSquare
$OM
Botassin73:
Continue with this story only idiots believe this
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 allâreasonable increases are still possible if adoption and transaction volume increase.
Estimated Fair Price of BTTC:
$0.0005 â $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 SunĺĺŽć¨
#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 allâreasonable increases are still possible if adoption and transaction volume increase.
Estimated Fair Price of BTTC:
$0.0005 â $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 SunĺĺŽć¨
#burning
#BTTCBURN
$TRX
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 allâreasonable increases are still possible if adoption and transaction volume increase.
Estimated Fair Price of BTTC:
$0.0005 â $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 SunĺĺŽć¨
#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 allâreasonable increases are still possible if adoption and transaction volume increase.
Estimated Fair Price of BTTC:
$0.0005 â $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 SunĺĺŽć¨
#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 SunĺĺŽć¨
#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 SunĺĺŽć¨
#BTTCBURN
#burning
#burn
See original
$BTTC
@Justin SunĺĺŽć¨
This is the right time to burn BTTC. The community is ready, the market is waiting. This step not only reduces supplyâ it strengthens trust, builds momentum, and serves as a major catalyst for price.
With your leadership, we believe BTTC can take off. A small step for you, a giant leap for BTTC.
#burning
#BTTCBURN
#BurningTokens
#JustinSun
#JustinSunĺĺŽć¨
@Justin SunĺĺŽć¨
This is the right time to burn BTTC. The community is ready, the market is waiting. This step not only reduces supplyâ it strengthens trust, builds momentum, and serves as a major catalyst for price.
With your leadership, we believe BTTC can take off. A small step for you, a giant leap for BTTC.
#burning
#BTTCBURN
#BurningTokens
#JustinSun
#JustinSunĺĺŽć¨
See original
$BTTC
BTTC has extraordinary potential to become a leading layer-2 solution. With over 300 million users on the TRON network, it's time to strengthen the foundation of BTTC! Let's support Justin Sun and BitTorrent to accelerate the development of BTTC, including token burns, to enhance value and investor confidence. It's time for real action to make BTTC grow stronger. Let's buy BTTC now and be part of this blockchain revolution! #BuyBTTC #BurnBTTC #FutureOfBlockchain #BTTCBURN #burning
@Justin SunĺĺŽć¨
BTTC has extraordinary potential to become a leading layer-2 solution. With over 300 million users on the TRON network, it's time to strengthen the foundation of BTTC! Let's support Justin Sun and BitTorrent to accelerate the development of BTTC, including token burns, to enhance value and investor confidence. It's time for real action to make BTTC grow stronger. Let's buy BTTC now and be part of this blockchain revolution! #BuyBTTC #BurnBTTC #FutureOfBlockchain #BTTCBURN #burning
@Justin SunĺĺŽć¨
Crypto Coin Burn ááŻááşááá˛áˇ áĄááźáąáŹááşá¸áĄáááşá¸
Crypto coins ááᯠburn ááŻááşááŹáᏠáĄááááĄáŹá¸ááźááˇáş supply áááŻááťážáąáŹáˇááťááźáŽá¸ áááşáááŻá¸áááŻá¸á
áąáááŻáˇ ááźá
áşááŤáááşá Burn ááŻááşáá˛áˇáĄááŤáážáŹ, áĄá˛áᎠcoins áá˝áąááᯠáááźáąáááŻááşáá˛áˇ wallet (burn address) áá
áşááŻáá˛áááŻáááŻáˇáááŻááşááŹááźá
áşááźáŽá¸, áĄááźá˛áááşá¸ááŻáśá¸ááááąáŹáˇáᲠá
áťáŹááááźá
áşáá˝áŹá¸ááŤáááşá
Crypto Coin Burn ááŻááşááá˛áˇ áĄááźáąáŹááşá¸áĄáááşá¸#áá˝áą
Supply áááŻááááşá¸ááťáŻááşáááŻáˇ â Supply ááťáŹá¸ááŹáááş áááşáááŻá¸ááťááážáŹáááŻáˇ, Supply áááŻááťážáąáŹáˇááťáááŻáˇ burn ááŻááşááźááŹááŤá (e.g., BNB quarterly burn)Price áááŻááźážááˇáşáááŻáˇ â Demand áĄááťáŹá¸ááźáŽá¸áážááááş Supply áááŻááťážáąáŹáˇáááŻááşáááş, áááşáááŻá¸ááźááˇáşááŹáááŻááşááŤáááşá
Deflationary Mechanism â áááťááŻáˇ coins áá˝áąáážáŹ built-in burn mechanism ááŤááźáŽá¸, á áťáąá¸áá˝ááşáá˛áážáŹ ááťáŹá¸ááŹáá˛áˇ coins áá˝áąááᯠáĄáááŻáĄááťáąáŹááş burn ááŻááşáá˝áŹá¸ááŤáááşá (e.g., Shiba Inu, Terra Classic)Transaction Fees Burn â Blockchain áááťááŻáˇ (Ethereum, BNB Chain) áá˝áąáážáŹ transaction fees áá áşá áááşááááŻááşá¸ááᯠburn ááŻááşáá˛áˇ mechanism áá˝áąáááşá¸áážáááŤáááşáCommunity Engagement â áá áşááťááŻáˇ projects áá˝áąá community vote ááźááˇáş burn ááŻááşááźáŽá¸, project áááŻáááŻááźáŽá¸ decentralized ááźá áşá áąááťááşááŹááŤá#myanmar #Beginnersguide #burning
Crypto Coin Burn ááŻááşááá˛áˇ áĄááźáąáŹááşá¸áĄáááşá¸#áá˝áą
Supply áááŻááááşá¸ááťáŻááşáááŻáˇ â Supply ááťáŹá¸ááŹáááş áááşáááŻá¸ááťááážáŹáááŻáˇ, Supply áááŻááťážáąáŹáˇááťáááŻáˇ burn ááŻááşááźááŹááŤá (e.g., BNB quarterly burn)Price áááŻááźážááˇáşáááŻáˇ â Demand áĄááťáŹá¸ááźáŽá¸áážááááş Supply áááŻááťážáąáŹáˇáááŻááşáááş, áááşáááŻá¸ááźááˇáşááŹáááŻááşááŤáááşá
Deflationary Mechanism â áááťááŻáˇ coins áá˝áąáážáŹ built-in burn mechanism ááŤááźáŽá¸, á áťáąá¸áá˝ááşáá˛áážáŹ ááťáŹá¸ááŹáá˛áˇ coins áá˝áąááᯠáĄáááŻáĄááťáąáŹááş burn ááŻááşáá˝áŹá¸ááŤáááşá (e.g., Shiba Inu, Terra Classic)Transaction Fees Burn â Blockchain áááťááŻáˇ (Ethereum, BNB Chain) áá˝áąáážáŹ transaction fees áá áşá áááşááááŻááşá¸ááᯠburn ááŻááşáá˛áˇ mechanism áá˝áąáááşá¸áážáááŤáááşáCommunity Engagement â áá áşááťááŻáˇ projects áá˝áąá community vote ááźááˇáş burn ááŻááşááźáŽá¸, project áááŻáááŻááźáŽá¸ decentralized ááźá áşá áąááťááşááŹááŤá#myanmar #Beginnersguide #burning
đ¨Mantra DAO Burns 21.23 Million $OM ($132M)
đšAddress 0x63...4Ff2, possibly linked to the Mantra DAO project team, burned 21.23 million OM today at 17:47 UTC+8.
đšTotal OM burned to date: 84.02 million OM, with a total burn value of $524 million.
#MantraDAO #OM #Burning
-Arkham$OM
đšAddress 0x63...4Ff2, possibly linked to the Mantra DAO project team, burned 21.23 million OM today at 17:47 UTC+8.
đšTotal OM burned to date: 84.02 million OM, with a total burn value of $524 million.
#MantraDAO #OM #Burning
-Arkham$OM
$BTTC Queima đĽđĽđĽ sai deste corpo que nĂŁo te pertence!!! Assim como no Museu Ipiranga houve a algum tempo atrĂĄs queimas e destrosos e depois uma grande REFORMA no patrimĂ´nio PĂşblico, assim teriam que ser este $BTTC haja paciĂŞncia na minha cabecinhađ§ , espero que esta Cripto nĂŁo vire obra de Museu estilo Mona Lisa, PovĂŁo sera que este BTTC sera a prĂłxima obra da Mona lisa?? Denominado: "BTTC Lisa*, kkkkkk
#monalisa #bttcđĽđĽđĽ #BTTCLOVERSclack #BinanceSquareFamily #burning
$BTC
#monalisa #bttcđĽđĽđĽ #BTTCLOVERSclack #BinanceSquareFamily #burning
$BTC
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 âNomâ:
âPrices keep dropping because you guys don't keep your word and fail to communicate,â said BestBets.
âLying to the community will cost you progress and coin holders,â 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 , #Memecoinsđ¤đ¤ , #CryptoNewss , #burning , #PricePredictions2024
Stay one step ahead â 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.â
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 âNomâ:
âPrices keep dropping because you guys don't keep your word and fail to communicate,â said BestBets.
âLying to the community will cost you progress and coin holders,â 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 , #Memecoinsđ¤đ¤ , #CryptoNewss , #burning , #PricePredictions2024
Stay one step ahead â 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.â
đŁ Big News ! đ§
đŚ Shiba Inu BURNING đĽ
đś Floki Inu BURNING đĽ
đŁ Kusama Speaks on Burning 1 Trillion Shiba Inu Tokens
đ 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.
đ´ Claim Free Airdrop
đ¨âđť 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.
đ 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.
đŞ Whether it's trillions or billions, both projects are igniting excitement in the crypto world and proving the strength of community-driven initiatives.
đĽ Keep holding, keep burning, and let's see where the meme coin frenzy takes us next! đ
claim Free Reward đĽ
#HotTrends #trendingtopic $SHIB $FLOKI #burning
đŚ Shiba Inu BURNING đĽ
đś Floki Inu BURNING đĽ
đŁ Kusama Speaks on Burning 1 Trillion Shiba Inu Tokens
đ 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.
đ´ Claim Free Airdrop
đ¨âđť 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.
đ 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.
đŞ Whether it's trillions or billions, both projects are igniting excitement in the crypto world and proving the strength of community-driven initiatives.
đĽ Keep holding, keep burning, and let's see where the meme coin frenzy takes us next! đ
claim Free Reward đĽ
#HotTrends #trendingtopic $SHIB $FLOKI #burning
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 coinâs 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.
SHIBâs 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 â 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. đ
#SHIB , #memecoinđđđ , #Shibarium , #CryptoAnalysis , #burning
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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.â
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 coinâs 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.
SHIBâs 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 â 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. đ
#SHIB , #memecoinđđđ , #Shibarium , #CryptoAnalysis , #burning
Stay one step ahead â 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.â
Shiba Inu Burn Rate Skyrockets 1300%! Can SHIB Reach $0.000081?
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! đ
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? đĽ
Burning tokens decreases the total supply, which can lead to higher prices due to reduced availability. This mechanism is a crucial part of SHIBâs tokenomics, aiming for long-term price appreciation.
How Many Tokens Have Been Burned So Far? đ
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 SHIBâs price higher over time. Despite ongoing market uncertainty, the Shiba Inu community remains bullish.
Will SHIB Reach $0.000081? đ¤
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.
đ 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 Inuâs Bullish Outlook Continues! đśđ
Despite market volatility, investors remain optimistic about SHIBâs future. The combination of accelerated token burning, positive technical indicators, and increasing demand suggests the potential for further price growth.
đ Will Shiba Inu hit $0.000081? What do you think?
#SHIB , #Shibarium , #CryptoNewss , #burning , #CryptoMarket
Stay one step ahead â 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.â
Shiba Inu Tokens Burned at Record Pace! đ
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? đĽ
Burning tokens decreases the total supply, which can lead to higher prices due to reduced availability. This mechanism is a crucial part of SHIBâs tokenomics, aiming for long-term price appreciation.
How Many Tokens Have Been Burned So Far? đ
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 SHIBâs price higher over time. Despite ongoing market uncertainty, the Shiba Inu community remains bullish.
Will SHIB Reach $0.000081? đ¤
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.
đ 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 Inuâs Bullish Outlook Continues! đśđ
Despite market volatility, investors remain optimistic about SHIBâs future. The combination of accelerated token burning, positive technical indicators, and increasing demand suggests the potential for further price growth.
đ Will Shiba Inu hit $0.000081? What do you think?
#SHIB , #Shibarium , #CryptoNewss , #burning , #CryptoMarket
Stay one step ahead â 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.â
Hello everyone
đ¨breaking newsđ¨
#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 đđŤś
Let's gooo, be positive đŞđŞđŞđđđ
#roadto1usd
đ¨breaking newsđ¨
#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 đđŤś
Let's gooo, be positive đŞđŞđŞđđđ
#roadto1usd
$PENGU
Guys best time to buy Pengu I will pump now best chance to recover your losses#USBitcoinReserves #bitcoin #pengu #burning
Guys best time to buy Pengu I will pump now best chance to recover your losses#USBitcoinReserves #bitcoin #pengu #burning
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