Altcoins News
By Evie Vavasseur
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Burn Rate Jumps, but Price Action Stays Muted. Shiba Inu has been stuck in a tight trading range for the past four months, with the $0.
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Network Activity Shows Weak Momentum. On-chain data from Santiment shows that daily active addresses on the Shiba Inu network have been…
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Whale Activity Offers Mixed Signals. Looking into SHIB’s supply distribution, the number of wallets holding 10 million or more SHIB…
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Liquidation Levels Highlight Key Zones. To understand where SHIB might head next, analysts examined the three-month liquidation heatmap…
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Cautious Optimism in the Community. Despite the huge jump in burn rate, many analysts remain cautious.
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Shiba Inu (SHIB) is once again attracting attention after an explosive spike in its token burn activity.
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The burn, though massive in token quantity, only amounted to approximately $11,583—a drop in the ocean compared to SHIB’s $6.8 billion market cap.
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Shiba Inu has been stuck in a tight trading range for the past four months, with the $0.000011 level acting as a solid support since March.
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Burns like this recent one typically occur as part of scheduled or community-driven efforts, and while they often help reduce circulating supply, they don’t always impact the…
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Since June, network activity has stabilized but remains far below its January peak, indicating a lack of significant speculation or investor engagement in recent weeks.
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Looking into SHIB’s supply distribution, the number of wallets holding 10 million or more SHIB tokens declined through the second half of June.
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Crucially, wallets holding over 1 billion SHIB have remained stagnant. This suggests that while mid-sized holders may be re-entering, the largest players—often referred to as…
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To understand where SHIB might head next, analysts examined the three-month liquidation heatmap via Coinglass. This data shows notable liquidity clusters at $0.0000121 and $0.
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This could attract short-term traders aiming for a quick move upward. The $0.0000121 level also aligns just below the $0.
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Despite the huge jump in burn rate, many analysts remain cautious. The lack of whale activity, low on-chain engagement, and relatively modest impact of the burn in dollar terms…
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