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Bitcoin Surges Past $103,000, Could Hit New ATH
Interestingly, Bitcoin has not disappointed Kiyosaki even when it faces intense volatility. From trading below $93,000 a few weeks ago, the coin has regained stamina and surged past $103,000.
At the time of this writing, BTC price was trading at $103,696.53, corresponding with a 0.65% increase within the last 24 hours. On-chain metrics suggest that Bitcoin has entered periods of parabolic growth and positive momentum. From here, it may reclaim its past all-time high of $109,114.88
Interestingly, Bitcoin has not disappointed Kiyosaki even when it faces intense volatility. From trading below $93,000 a few weeks ago, the coin has regained stamina and surged past $103,000.
At the time of this writing, BTC price was trading at $103,696.53, corresponding with a 0.65% increase within the last 24 hours. On-chain metrics suggest that Bitcoin has entered periods of parabolic growth and positive momentum. From here, it may reclaim its past all-time high of $109,114.88
Kiyosaki’s Consistent Advocacy For Bitcoin Over Paper Money
History shows that this is not the first time that Kiyosaki has criticized fiat currency, particularly the US dollars.
He once described the widely used dollar as a “dying” currency that the government inflates through spending and manipulation by the central bank. By all means, he consistently touts Bitcoin and precious metals as better hedges against inflation.
Just towards the end of 2024, the award-winning author warned of a global market crash and a major economic depression. Regarding the potential implosion, Kiyosaki advised his followers on the X platform to stack up BTC, hold, and silver.
Earlier this year, the crypto market saw some turbulence, causing several digital assets to lose their gains.
Rather than lay low, Kiyosaki advised investors to seize the opportunity to purchase Bitcoin as it was the best time to get rich. It is worth noting that a few weeks before this time, Robert Kiyosaki had predicted that the price of Bitcoin would hit $250,000 in 2025. Though the market value of the flagship cryptocurrency did not look anything like the expected level, he held on to his optimism.
History shows that this is not the first time that Kiyosaki has criticized fiat currency, particularly the US dollars.
He once described the widely used dollar as a “dying” currency that the government inflates through spending and manipulation by the central bank. By all means, he consistently touts Bitcoin and precious metals as better hedges against inflation.
Just towards the end of 2024, the award-winning author warned of a global market crash and a major economic depression. Regarding the potential implosion, Kiyosaki advised his followers on the X platform to stack up BTC, hold, and silver.
Earlier this year, the crypto market saw some turbulence, causing several digital assets to lose their gains.
Rather than lay low, Kiyosaki advised investors to seize the opportunity to purchase Bitcoin as it was the best time to get rich. It is worth noting that a few weeks before this time, Robert Kiyosaki had predicted that the price of Bitcoin would hit $250,000 in 2025. Though the market value of the flagship cryptocurrency did not look anything like the expected level, he held on to his optimism.
Kiyosaki Supports Ron Paul’s Advocacy Against US Fed
On May 10, Kiyosaki took to X to highlight the “words of wisdom” shared by former US Congressman Ron Paul, who is advocating to end some operations of the Federal Reserve. Paul’s advocacy goes beyond the Fed to all central banks. He is pushing a motion to get back to a sound, honest money system globally.
This US Fed critic equated interest rate setting by Central Banks to socialist and Marxist economic control, citing that they are “price fixing.” Furthermore, he noted the possibility of this approach eroding personal wealth while undermining economic freedom.
The popular serial entrepreneur supports this stance against central banking systems as it aligns with his long-held concerns. In light of this conversation, Kiyosaki wrote,
“Fake money leads to dishonest money, dishonest statistics, dishonest accounting, dishonest balance sheets, dishonest compensation, dishonest relations, dishonest leaders, and corruption in everyday life.”
Kiyosaki suggested investment alternatives to fight this fiat system, including Bitcoin and precious metals like gold and silver.
On May 10, Kiyosaki took to X to highlight the “words of wisdom” shared by former US Congressman Ron Paul, who is advocating to end some operations of the Federal Reserve. Paul’s advocacy goes beyond the Fed to all central banks. He is pushing a motion to get back to a sound, honest money system globally.
This US Fed critic equated interest rate setting by Central Banks to socialist and Marxist economic control, citing that they are “price fixing.” Furthermore, he noted the possibility of this approach eroding personal wealth while undermining economic freedom.
The popular serial entrepreneur supports this stance against central banking systems as it aligns with his long-held concerns. In light of this conversation, Kiyosaki wrote,
“Fake money leads to dishonest money, dishonest statistics, dishonest accounting, dishonest balance sheets, dishonest compensation, dishonest relations, dishonest leaders, and corruption in everyday life.”
Kiyosaki suggested investment alternatives to fight this fiat system, including Bitcoin and precious metals like gold and silver.
Michael Saylor Speaks on BTC Strategic Reserves
During his recent podcast interview, Michael Saylor expressed no surprise that the U.S. government has yet to purchase Bitcoin for its Strategic Bitcoin Reserve, established under an executive order signed by Trump on March 7. Currently, the BTC reserves that the US government holds is entirely seized through criminal or civil asset forfeiture proceedings. On the other hand, several US states like Arizona, Texas, etc, have passed crucial bills to make Bitcoin part of the state treasury.
However, Saylor noted that he did not expect the government’s stance on Bitcoin to shift so favorably so soon after Trump’s inauguration. “I was surprised that the US embraced Bitcoin as radically as it has over the last six months. I think I didn’t expect all the Cabinet members to be so enthusiastic,” he said.
The Bitcoin price is currently showing significant strength, with 8% weekly gains and moving past $ 103K. Market analysts are hopeful that BTC could potentially hit fresh all-time highs above $109K amid improving macroeconomic conditions and on-chain metrics.
During his recent podcast interview, Michael Saylor expressed no surprise that the U.S. government has yet to purchase Bitcoin for its Strategic Bitcoin Reserve, established under an executive order signed by Trump on March 7. Currently, the BTC reserves that the US government holds is entirely seized through criminal or civil asset forfeiture proceedings. On the other hand, several US states like Arizona, Texas, etc, have passed crucial bills to make Bitcoin part of the state treasury.
However, Saylor noted that he did not expect the government’s stance on Bitcoin to shift so favorably so soon after Trump’s inauguration. “I was surprised that the US embraced Bitcoin as radically as it has over the last six months. I think I didn’t expect all the Cabinet members to be so enthusiastic,” he said.
The Bitcoin price is currently showing significant strength, with 8% weekly gains and moving past $ 103K. Market analysts are hopeful that BTC could potentially hit fresh all-time highs above $109K amid improving macroeconomic conditions and on-chain metrics.
More Investors Entering Through Bitcoin ETFs
Saylor noted that many of these trustees lack a “long-term, 10-year investor mindset.” As Bitcoin’s price surged, they saw it as an opportunity to secure liquidity, viewing it as a favorable exit point.
Saylor added that people who are less committed to the long-term have taken the exit opportunity, while a new class of investors is now joining the bandwagon through Bitcoin ETFs, etc.
Spot Bitcoin ETFs have once again seen strong inflows led by BlackRock iShares Bitcoin Trust (IBIT). Over the last 19 consecutive trading sessions, IBIT has seen net inflows to the tune of $5 billion, while taking total Bitcoin holdings to 625,000 BTC.
BlackRock has remained steadfast in its Bitcoin accumulation strategy since the ETF approval. It also highlights the growing institutional appetite for the asset class. For reference, inflows into IBIT have been giving Gold ETFs (GLD) a run for their money.
Saylor noted that many of these trustees lack a “long-term, 10-year investor mindset.” As Bitcoin’s price surged, they saw it as an opportunity to secure liquidity, viewing it as a favorable exit point.
Saylor added that people who are less committed to the long-term have taken the exit opportunity, while a new class of investors is now joining the bandwagon through Bitcoin ETFs, etc.
Spot Bitcoin ETFs have once again seen strong inflows led by BlackRock iShares Bitcoin Trust (IBIT). Over the last 19 consecutive trading sessions, IBIT has seen net inflows to the tune of $5 billion, while taking total Bitcoin holdings to 625,000 BTC.
BlackRock has remained steadfast in its Bitcoin accumulation strategy since the ETF approval. It also highlights the growing institutional appetite for the asset class. For reference, inflows into IBIT have been giving Gold ETFs (GLD) a run for their money.
Scrutiny of trump’s crypto plans
While TRUMP token continues to be the talk of the crypto town, Democrats are intensifying scrutiny of Donald Trump’s involvement in cryptocurrency ventures, particularly the TRUMP meme coin, via a congressional action.
As per a CNBC report, the step, led by figures like Rep. Maxine Waters and Sen. Richard Blumenthal, includes disrupting legislative processes and initiating investigations.
Sen. Blumenthal has specifically labeled the TRUMP meme coin dinner contest, which offered access to Trump in exchange for token holdings, a “pay-for-play scheme,” and demanded financial records from Fight Fight Fight LLC. and World Liberty Financial.
While TRUMP token continues to be the talk of the crypto town, Democrats are intensifying scrutiny of Donald Trump’s involvement in cryptocurrency ventures, particularly the TRUMP meme coin, via a congressional action.
As per a CNBC report, the step, led by figures like Rep. Maxine Waters and Sen. Richard Blumenthal, includes disrupting legislative processes and initiating investigations.
Sen. Blumenthal has specifically labeled the TRUMP meme coin dinner contest, which offered access to Trump in exchange for token holdings, a “pay-for-play scheme,” and demanded financial records from Fight Fight Fight LLC. and World Liberty Financial.
Trump price outlook
On the 4-hour TRUMP price chart, the RSI is currently at 81.5, indicating that the meme coin is in overbought territory. While this suggests bullish enthusiasm, it also raises the risk of a correction as short-term traders may book profits ahead.
Bollinger Bands show that TRUMP is trading near the upper band, suggesting strong buying pressure. However, consistent price movement outside the band may point to a potential pullback.
If the price moves down to mid band (20-day SMA), traders could see support around $12.20, with a stronger floor at $10.80.
Meanwhile, the MACD line remains above the signal line with the increasing histogram bars, hinting growing strength in the uptrend. For now, key resistance lies near $15.50, a psychological barrier.
On the 4-hour TRUMP price chart, the RSI is currently at 81.5, indicating that the meme coin is in overbought territory. While this suggests bullish enthusiasm, it also raises the risk of a correction as short-term traders may book profits ahead.
Bollinger Bands show that TRUMP is trading near the upper band, suggesting strong buying pressure. However, consistent price movement outside the band may point to a potential pullback.
If the price moves down to mid band (20-day SMA), traders could see support around $12.20, with a stronger floor at $10.80.
Meanwhile, the MACD line remains above the signal line with the increasing histogram bars, hinting growing strength in the uptrend. For now, key resistance lies near $15.50, a psychological barrier.
Meme coin party begins once again
Along with the PEPE price increase, the overall meme coin sector is witnessing strong upside with Dogecoin $0.18, Shiba Inu $0.000014, BONK $0.000019 and other gaining 12-17% each.
The recent PEPE Coin price increase can be attributed to several factors. As an Ethereum-based meme coin, Pepe rallied alongside Ethereum’s $1 845 climb above $2,200, a milestone not reached in months. This recovery comes after Pepe experienced a sharp decline of over 50% in recent months.
Historically, Pepe’s performance is closely tied to Ethereum’s momentum. Consequently, its future price trajectory will largely hinge on whether Ethereum maintains its upward trend.
On Binance, optimism among traders is evident, with 65% holding long positions on PEPE, pushing the long/short ratio to 1.86. This dominance of long positions in the derivatives market could provide the momentum needed for Pepe’s price to target its next resistance level.
Along with the PEPE price increase, the overall meme coin sector is witnessing strong upside with Dogecoin $0.18, Shiba Inu $0.000014, BONK $0.000019 and other gaining 12-17% each.
The recent PEPE Coin price increase can be attributed to several factors. As an Ethereum-based meme coin, Pepe rallied alongside Ethereum’s $1 845 climb above $2,200, a milestone not reached in months. This recovery comes after Pepe experienced a sharp decline of over 50% in recent months.
Historically, Pepe’s performance is closely tied to Ethereum’s momentum. Consequently, its future price trajectory will largely hinge on whether Ethereum maintains its upward trend.
On Binance, optimism among traders is evident, with 65% holding long positions on PEPE, pushing the long/short ratio to 1.86. This dominance of long positions in the derivatives market could provide the momentum needed for Pepe’s price to target its next resistance level.
Pepe rally won’t stop anytime soon
Despite the solid 50% gains from the PEPE price rally over the last two days, market analysts believe there’s still potential for further growth. A prominent member of the Pepe community, known as Fyre, has expressed optimism, suggesting that the coin could soon hit a $10 billion market cap. Emphasizing his bullish sentiment, analyst Fyre noted:
Coinglass data shows that the PEPE future open interest has shot up by 15.5%, moving to $523 million, with 24-hour liquidation soaring to $20 million, of which $13 million is in short liquidation.
Currently trading at $0.00001091, levels last observed on February 4, Pepe has surpassed its 200-day Exponential Moving Average (EMA), signaling a potential continuation of its upward trend
Despite the solid 50% gains from the PEPE price rally over the last two days, market analysts believe there’s still potential for further growth. A prominent member of the Pepe community, known as Fyre, has expressed optimism, suggesting that the coin could soon hit a $10 billion market cap. Emphasizing his bullish sentiment, analyst Fyre noted:
Coinglass data shows that the PEPE future open interest has shot up by 15.5%, moving to $523 million, with 24-hour liquidation soaring to $20 million, of which $13 million is in short liquidation.
Currently trading at $0.00001091, levels last observed on February 4, Pepe has surpassed its 200-day Exponential Moving Average (EMA), signaling a potential continuation of its upward trend
Technical Analysis: Overheated Yet Bullish
Technically, KAITO is showing classic signs of a breakout rally. As per the chart below, the Relative Strength Index (RSI) on the 4-hour chart currently sits at 89.95, indicating extremely overbought territory.
Such readings usually precede short-term corrections or consolidations, though they also reflect powerful bullish momentum.
On the other hand, the MACD shows a strong bullish crossover, with the MACD line sharply above the signal line and expanding green histogram bars, confirming sustained upside pressure.
Fibonacci analysis shows the rally hit the 1.618 extension level at $1.42, which may act as short-term resistance. A breakout beyond this could open the door to targets around $1.60–$1.70, while support lies at $1.15 and $1.00.
Technically, KAITO is showing classic signs of a breakout rally. As per the chart below, the Relative Strength Index (RSI) on the 4-hour chart currently sits at 89.95, indicating extremely overbought territory.
Such readings usually precede short-term corrections or consolidations, though they also reflect powerful bullish momentum.
On the other hand, the MACD shows a strong bullish crossover, with the MACD line sharply above the signal line and expanding green histogram bars, confirming sustained upside pressure.
Fibonacci analysis shows the rally hit the 1.618 extension level at $1.42, which may act as short-term resistance. A breakout beyond this could open the door to targets around $1.60–$1.70, while support lies at $1.15 and $1.00.
Why is KAITO Soaring?
The current rally appears to be catalyzed by the recent integration of Huma Finance’s Yapper leaderboard into the Kaito ecosystem ahead of its upcoming Token Generation Event (TGE).
The leaderboard incentivizes “yappers,” users who actively engage with crypto content on X, with token rewards and ecosystem perks.
Momentum was already building after Kaito founder Yu Hu announced on May 5 the launch of the “Earn and Drop” campaign, with the first collaboration featuring PayFi Network’s BOOP.
The campaign coincided with a significant analytics update, as Kaito added Total Value Distributed data to its Dune Analytics dashboard, enhancing transparency around token incentives and ecosystem activity.
Data from Dune reveals that over $72.3 million in rewards have already been distributed across the Kaito ecosystem to yappers, stakers, and hodlers, excluding the upcoming KAITO airdrop.
The project now boasts more than 200,000 monthly active users, solidifying its position as a rapidly expanding Web3 social platform.
The current rally appears to be catalyzed by the recent integration of Huma Finance’s Yapper leaderboard into the Kaito ecosystem ahead of its upcoming Token Generation Event (TGE).
The leaderboard incentivizes “yappers,” users who actively engage with crypto content on X, with token rewards and ecosystem perks.
Momentum was already building after Kaito founder Yu Hu announced on May 5 the launch of the “Earn and Drop” campaign, with the first collaboration featuring PayFi Network’s BOOP.
The campaign coincided with a significant analytics update, as Kaito added Total Value Distributed data to its Dune Analytics dashboard, enhancing transparency around token incentives and ecosystem activity.
Data from Dune reveals that over $72.3 million in rewards have already been distributed across the Kaito ecosystem to yappers, stakers, and hodlers, excluding the upcoming KAITO airdrop.
The project now boasts more than 200,000 monthly active users, solidifying its position as a rapidly expanding Web3 social platform.
DOGE Price Outlook
DOGE popularity has recently seen a rise in its popularity due to DOGE ETF filings by asset managers such as 21Shares and Osprey Funds.
On the daily chart, Dogecoin appears to have formed a falling wedge pattern since early February. The breakout seems to be occurring near $0.18, and given that the wedge’s widest point spans the $0.35 to $0.40 range, this could project a target between $0.53 and $0.58.
The MACD on the 4-hour chart supports the bullish case. It has just flipped positive, with the MACD line crossing above the signal line. A clear uptick in histogram bars further confirms the bullish bias.
Meanwhile, the RSI currently sits around 62, approaching overbought territory. While this reflects strong buying pressure, short-term traders should be cautious, as overheated rallies lead to corrections.
Bollinger Bands show DOGE price breaking above the upper band, suggesting potential overextension. If the price holds sustainably above the band with increasing volume, it could signal strength. However, a re-entry into the bands could result in a short-term retracement.
Meanwhile, popular crypto analyst Ali Martinez recently noted a trendline on the DOGE weekly price chart since November 2023. He predicts a potential rebound to $0.30, given the meme coin dips to $0.14.
Traders could see some resistance around $0.20, followed by $0.23 and then the December high at $0.46.
DOGE popularity has recently seen a rise in its popularity due to DOGE ETF filings by asset managers such as 21Shares and Osprey Funds.
On the daily chart, Dogecoin appears to have formed a falling wedge pattern since early February. The breakout seems to be occurring near $0.18, and given that the wedge’s widest point spans the $0.35 to $0.40 range, this could project a target between $0.53 and $0.58.
The MACD on the 4-hour chart supports the bullish case. It has just flipped positive, with the MACD line crossing above the signal line. A clear uptick in histogram bars further confirms the bullish bias.
Meanwhile, the RSI currently sits around 62, approaching overbought territory. While this reflects strong buying pressure, short-term traders should be cautious, as overheated rallies lead to corrections.
Bollinger Bands show DOGE price breaking above the upper band, suggesting potential overextension. If the price holds sustainably above the band with increasing volume, it could signal strength. However, a re-entry into the bands could result in a short-term retracement.
Meanwhile, popular crypto analyst Ali Martinez recently noted a trendline on the DOGE weekly price chart since November 2023. He predicts a potential rebound to $0.30, given the meme coin dips to $0.14.
Traders could see some resistance around $0.20, followed by $0.23 and then the December high at $0.46.
PEPE Coin Price Rally to Continue Amid Whale Activity
Over the last week, a PEPE whale has been smartly scooping the supply, accumulating nearly 2 trillion PEPE from the open market. As of April 30, a crypto whale with $147 million worth of assets withdrew a staggering 1.5T PEPE coins from crypto exchange Binance. Earlier today, the same whale entity withdrew an additional 500 billion from Binance.
Additionally, the CoinGlass data the PEPE open interest has shot up by 6.6% to more than $434 million, hinting at high trader interest for the meme coin. Furthermore, amid today’s PEPE price surge, the 24-hour liquidations have soared to $1.57 million, of which $1.45 million is in short liquidations.
A Look Into the Technical Chart Pattern
The PEPE coin chart forms a bullish engulfing candle and completes a morning star pattern, a classic indicator of potential trend reversal. PEPE has broken past the 23.60% Fibonacci retracement level at $0.00000823 and is now eyeing the key resistance at $0.0000090.
Additionally, the evolving trend reveals the formation of a cup and handle pattern, signaling the potential for further upside in the meme coin’s price trajectory.
A confirmed daily candlestick close above the neckline will validate the breakout from the cup and handle pattern, potentially driving PEPE toward a price target of $0.000001465, aligning with the 61.80% Fibonacci level.
Trading above $0.0000075, PEPE maintains a bullish outlook as indicated by the Supertrend Indicator.
Meanwhile, the MACD and signal lines suggest an impending crossover, signaling a resurgence in bullish momentum. Conversely, if PEPE fails to break above the neckline, it may face another pullback, potentially retesting the support level at $0.0000075.
Over the last week, a PEPE whale has been smartly scooping the supply, accumulating nearly 2 trillion PEPE from the open market. As of April 30, a crypto whale with $147 million worth of assets withdrew a staggering 1.5T PEPE coins from crypto exchange Binance. Earlier today, the same whale entity withdrew an additional 500 billion from Binance.
Additionally, the CoinGlass data the PEPE open interest has shot up by 6.6% to more than $434 million, hinting at high trader interest for the meme coin. Furthermore, amid today’s PEPE price surge, the 24-hour liquidations have soared to $1.57 million, of which $1.45 million is in short liquidations.
A Look Into the Technical Chart Pattern
The PEPE coin chart forms a bullish engulfing candle and completes a morning star pattern, a classic indicator of potential trend reversal. PEPE has broken past the 23.60% Fibonacci retracement level at $0.00000823 and is now eyeing the key resistance at $0.0000090.
Additionally, the evolving trend reveals the formation of a cup and handle pattern, signaling the potential for further upside in the meme coin’s price trajectory.
A confirmed daily candlestick close above the neckline will validate the breakout from the cup and handle pattern, potentially driving PEPE toward a price target of $0.000001465, aligning with the 61.80% Fibonacci level.
Trading above $0.0000075, PEPE maintains a bullish outlook as indicated by the Supertrend Indicator.
Meanwhile, the MACD and signal lines suggest an impending crossover, signaling a resurgence in bullish momentum. Conversely, if PEPE fails to break above the neckline, it may face another pullback, potentially retesting the support level at $0.0000075.
Shiba Inu Price Holds Amid Market Shift Expectations
After the Shibarium DappStore went live on April 25, Shiba Inu’s price jumped by 9%. The new platform aims to grant users and developers an easier and more secure way to access verified decentralized applications.
However, despite the sharp rise in the token burn rate, SHIB’s price has not reacted positively. According to the latest data from CoinMarketCap, SHIB is priced at $0.00001262, reflecting a 3.27% drop in the last 24 hours. Its market capitalization also dipped slightly to $7.37 billion.
However, trading activity suggests that interest remains strong as volume increased by over 15.64%, to $140.36 million.
Based on market sentiment, this increase in trades could show optimism among investors who see the burn strategy as a longer-term value play. According to the market outlook, the number of staked tokens remains high, with over 4.8 trillion SHIB held as xSHIB.
It is essential to add that while prices have not spiked yet, the consistent burning and growing trade volume are clear bullish signs. The Shiba Inu community is watching closely and staying involved in anticipation of a market shift.
After the Shibarium DappStore went live on April 25, Shiba Inu’s price jumped by 9%. The new platform aims to grant users and developers an easier and more secure way to access verified decentralized applications.
However, despite the sharp rise in the token burn rate, SHIB’s price has not reacted positively. According to the latest data from CoinMarketCap, SHIB is priced at $0.00001262, reflecting a 3.27% drop in the last 24 hours. Its market capitalization also dipped slightly to $7.37 billion.
However, trading activity suggests that interest remains strong as volume increased by over 15.64%, to $140.36 million.
Based on market sentiment, this increase in trades could show optimism among investors who see the burn strategy as a longer-term value play. According to the market outlook, the number of staked tokens remains high, with over 4.8 trillion SHIB held as xSHIB.
It is essential to add that while prices have not spiked yet, the consistent burning and growing trade volume are clear bullish signs. The Shiba Inu community is watching closely and staying involved in anticipation of a market shift.
Massive SHIB Burns Recorded Onchain
According to the latest data from Shibburn, a platform that tracks SHIB deflationary trends, Shiba Inu’s burn rate increased by 656.15% on May 6. Earlier in April, Shiba Inu’s burn rate skyrocketed by 825%, with a massive 26.48 million SHIB removed from circulation. This shows the consistency in token burn within the meme coin ecosystems.
In the latest round of burns, 16,779,365 SHIB were permanently removed within 24 hours, signaling a notable increase in activity compared to the slower pace seen earlier in May 2025.
It is worth noting that the burns happened in four separate transactions. According to the update, the most recent took place on May 6, where 146,543 tokens were sent to the burn address BA-3 from the wallet “0x8b15…d4282.”
As detailed by the tracker, three more transactions took place on May 5. One of them removed 5,537,925 tokens from the address “0x541f…886e0,” sending them to BA-2. Another saw 79,491 tokens moved from “0x7c58…08ccc” to BA-1. A smaller burn of 15,404 tokens was also recorded from “0x811b…954f” to BA-1.
It is worth noting that these transactions show a broader move from the Shiba Inu protocol design to create token scarcity through steady reductions in circulating supply. Since the project’s early days, over 410 trillion SHIB tokens have been burned, cutting the initial total supply from nearly one quadrillion.
Currently, the token’s circulating supply stands at 584,421,998,825,142 SHIB, while the total supply is 589,251,658,225,261 units.
It is essential to add that the significant uptick in burning also suggests a growing interest from both the community and long-term holders, activity from individual wallets and steady updates from Shibburn hint at deeper engagement among investors.
According to the latest data from Shibburn, a platform that tracks SHIB deflationary trends, Shiba Inu’s burn rate increased by 656.15% on May 6. Earlier in April, Shiba Inu’s burn rate skyrocketed by 825%, with a massive 26.48 million SHIB removed from circulation. This shows the consistency in token burn within the meme coin ecosystems.
In the latest round of burns, 16,779,365 SHIB were permanently removed within 24 hours, signaling a notable increase in activity compared to the slower pace seen earlier in May 2025.
It is worth noting that the burns happened in four separate transactions. According to the update, the most recent took place on May 6, where 146,543 tokens were sent to the burn address BA-3 from the wallet “0x8b15…d4282.”
As detailed by the tracker, three more transactions took place on May 5. One of them removed 5,537,925 tokens from the address “0x541f…886e0,” sending them to BA-2. Another saw 79,491 tokens moved from “0x7c58…08ccc” to BA-1. A smaller burn of 15,404 tokens was also recorded from “0x811b…954f” to BA-1.
It is worth noting that these transactions show a broader move from the Shiba Inu protocol design to create token scarcity through steady reductions in circulating supply. Since the project’s early days, over 410 trillion SHIB tokens have been burned, cutting the initial total supply from nearly one quadrillion.
Currently, the token’s circulating supply stands at 584,421,998,825,142 SHIB, while the total supply is 589,251,658,225,261 units.
It is essential to add that the significant uptick in burning also suggests a growing interest from both the community and long-term holders, activity from individual wallets and steady updates from Shibburn hint at deeper engagement among investors.
Bitcoin BTC $96 611 is facing consolidation below the $95,000 mark while its market dominance has been consistently increasing.
The largest cryptocurrency is currently trading at $94,450. The BTC price chart shows a consistent decline between May 2 and 5. This is usually a sign of an overheated market.
According to data from CoinMarketCap, Bitcoin’s price fall came while its market dominance increased by 1.9%, reaching 63.9% — a level last seen in early January 2021.
This movement could suggest that altcoins have been falling deeper than Bitcoin, hinting at lower price volatility for the leading asset.
CMC data shows that the global crypto market cap fell 0.5% to $2.94 trillion. The total daily trading volume, on the other hand, rose almost 15% to $63.4 billion.
Further Correction?
The US-based spot BTC exchange-traded funds started their third consecutive week with strong inflows.
According to data from SoSoValue, spot BTC ETFs recorded a net inflow of $425.5 million on May 5. The inflows solely came from BlackRock’s IBIT fund, worth $531.2 million.
Five of the 12 BTC ETFs — FBTC, GBTC, ARKB, BITB and EZBC — recorded over $105 million in outflow.
Ethereum-based ETH $1 845 investment products remained neutral despite a trading volume of $113 million on May 5.
Macro and crypto analyst Jason Pizzino’s analysis of the Bitcoin price movements suggests a further correction to $92,000.
Pizzino wrote in an X post on May 6 that Bitcoin is signalling a local top. If BTC falls below $92,000, the next target would be below the psychological $90,000 mark.
On the other hand, a rise above $96,000 could suggest breaking the $100,000 barrier.
At this point, Bitcoin needs both macro and micro catalysts to gain bullish momentum. Otherwise, a price correction will likely shake the crypto market again.
The largest cryptocurrency is currently trading at $94,450. The BTC price chart shows a consistent decline between May 2 and 5. This is usually a sign of an overheated market.
According to data from CoinMarketCap, Bitcoin’s price fall came while its market dominance increased by 1.9%, reaching 63.9% — a level last seen in early January 2021.
This movement could suggest that altcoins have been falling deeper than Bitcoin, hinting at lower price volatility for the leading asset.
CMC data shows that the global crypto market cap fell 0.5% to $2.94 trillion. The total daily trading volume, on the other hand, rose almost 15% to $63.4 billion.
Further Correction?
The US-based spot BTC exchange-traded funds started their third consecutive week with strong inflows.
According to data from SoSoValue, spot BTC ETFs recorded a net inflow of $425.5 million on May 5. The inflows solely came from BlackRock’s IBIT fund, worth $531.2 million.
Five of the 12 BTC ETFs — FBTC, GBTC, ARKB, BITB and EZBC — recorded over $105 million in outflow.
Ethereum-based ETH $1 845 investment products remained neutral despite a trading volume of $113 million on May 5.
Macro and crypto analyst Jason Pizzino’s analysis of the Bitcoin price movements suggests a further correction to $92,000.
Pizzino wrote in an X post on May 6 that Bitcoin is signalling a local top. If BTC falls below $92,000, the next target would be below the psychological $90,000 mark.
On the other hand, a rise above $96,000 could suggest breaking the $100,000 barrier.
At this point, Bitcoin needs both macro and micro catalysts to gain bullish momentum. Otherwise, a price correction will likely shake the crypto market again.
Technical Outlook: Will PI Reach $1?
As per CoinMarketCap data, PI is trading at $0.5940, up 1.40% in the past 24 hours. The cryptocurrency’s trading volume shot up a massive 55.75%, suggesting increasing buying pressure from investors.
Analyzing the 4H chart below, it is clear that the immediate resistance lies at $0.6485 (0.786 Fib), followed by $0.6848 (1.618). The $0.7434 (2.618) and $0.8020 (3.618) levels are further resistance zones.
Also, the $0.8382 (4.236) level represents a possible overextension zone—likely where $1 could be tested if sentiment surges.
On the other hand, the RSI currently stands around 46.63, showing a neutral zone, recovering from oversold conditions near April 29. A bullish divergence formed as price made a lower low while RSI made a higher low.
The MACD indicator shows that the blue MACD line is slightly above the orange signal line, suggesting an emerging bullish crossover, but momentum remains weak. A strong upward MACD histogram would be needed to confirm sustained bullish sentiment.
It is important to note that a successful retest and breakout above $0.6485 and $0.6848 could attract bullish volume, pushing the price to $0.80 and $1. However, failure to break above $0.6485 could cause the price to revisit support near $0.55.
As per CoinMarketCap data, PI is trading at $0.5940, up 1.40% in the past 24 hours. The cryptocurrency’s trading volume shot up a massive 55.75%, suggesting increasing buying pressure from investors.
Analyzing the 4H chart below, it is clear that the immediate resistance lies at $0.6485 (0.786 Fib), followed by $0.6848 (1.618). The $0.7434 (2.618) and $0.8020 (3.618) levels are further resistance zones.
Also, the $0.8382 (4.236) level represents a possible overextension zone—likely where $1 could be tested if sentiment surges.
On the other hand, the RSI currently stands around 46.63, showing a neutral zone, recovering from oversold conditions near April 29. A bullish divergence formed as price made a lower low while RSI made a higher low.
The MACD indicator shows that the blue MACD line is slightly above the orange signal line, suggesting an emerging bullish crossover, but momentum remains weak. A strong upward MACD histogram would be needed to confirm sustained bullish sentiment.
It is important to note that a successful retest and breakout above $0.6485 and $0.6848 could attract bullish volume, pushing the price to $0.80 and $1. However, failure to break above $0.6485 could cause the price to revisit support near $0.55.
Ecosystem Expansion: Wallet Activation Update
Additionally, Pi Network has introduced a Mainnet Wallet Activation update, reducing entry barriers for users. This allows KYC-verified Pioneers to seamlessly activate wallets and engage with the Pi Mainnet.
The integration of third-party KYC providers like Banxa broadens access, ensuring that a larger, global user base can interact with the blockchain securely.
Additionally, Pi Network has introduced a Mainnet Wallet Activation update, reducing entry barriers for users. This allows KYC-verified Pioneers to seamlessly activate wallets and engage with the Pi Mainnet.
The integration of third-party KYC providers like Banxa broadens access, ensuring that a larger, global user base can interact with the blockchain securely.
A Transformative Collaboration: Pi & BNP Paribas
BNP Paribas has revealed an innovative online payment service integrating Open Banking APIs with Instant SEPA transfers, which will be fused with the Pi Nexus Banking System.
The synergy offers multiple benefits, including faster transactions, cost efficiency, financial inclusion, cross-border expansion, and institutional trust.
Businesses can benefit from Pi’s low-fee ecosystem and instant SEPA transfers, combined with Pi’s blockchain can enable real-time settlements, further pushing adoption.
BNP Paribas has revealed an innovative online payment service integrating Open Banking APIs with Instant SEPA transfers, which will be fused with the Pi Nexus Banking System.
The synergy offers multiple benefits, including faster transactions, cost efficiency, financial inclusion, cross-border expansion, and institutional trust.
Businesses can benefit from Pi’s low-fee ecosystem and instant SEPA transfers, combined with Pi’s blockchain can enable real-time settlements, further pushing adoption.
Technical Outlook: Will PI Reach $1?
As per CoinMarketCap data, PI is trading at $0.5940, up 1.40% in the past 24 hours. The cryptocurrency’s trading volume shot up a massive 55.75%, suggesting increasing buying pressure from investors.
Analyzing the 4H chart below, it is clear that the immediate resistance lies at $0.6485 (0.786 Fib), followed by $0.6848 (1.618). The $0.7434 (2.618) and $0.8020 (3.618) levels are further resistance zones.
Also, the $0.8382 (4.236) level represents a possible overextension zone—likely where $1 could be tested if sentiment surges.
On the other hand, the RSI currently stands around 46.63, showing a neutral zone, recovering from oversold conditions near April 29. A bullish divergence formed as price made a lower low while RSI made a higher low.
The MACD indicator shows that the blue MACD line is slightly above the orange signal line, suggesting an emerging bullish crossover, but momentum remains weak. A strong upward MACD histogram would be needed to confirm sustained bullish sentiment.
It is important to note that a successful retest and breakout above $0.6485 and $0.6848 could attract bullish volume, pushing the price to $0.80 and $1. However, failure to break above $0.6485 could cause the price to revisit support near $0.55.
As per CoinMarketCap data, PI is trading at $0.5940, up 1.40% in the past 24 hours. The cryptocurrency’s trading volume shot up a massive 55.75%, suggesting increasing buying pressure from investors.
Analyzing the 4H chart below, it is clear that the immediate resistance lies at $0.6485 (0.786 Fib), followed by $0.6848 (1.618). The $0.7434 (2.618) and $0.8020 (3.618) levels are further resistance zones.
Also, the $0.8382 (4.236) level represents a possible overextension zone—likely where $1 could be tested if sentiment surges.
On the other hand, the RSI currently stands around 46.63, showing a neutral zone, recovering from oversold conditions near April 29. A bullish divergence formed as price made a lower low while RSI made a higher low.
The MACD indicator shows that the blue MACD line is slightly above the orange signal line, suggesting an emerging bullish crossover, but momentum remains weak. A strong upward MACD histogram would be needed to confirm sustained bullish sentiment.
It is important to note that a successful retest and breakout above $0.6485 and $0.6848 could attract bullish volume, pushing the price to $0.80 and $1. However, failure to break above $0.6485 could cause the price to revisit support near $0.55.
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