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news-imageFebruary 15, 2025

58,303,050 SHIB Burned as Shiba Inu Registers Impressive Weekly Gains

Shibburn blockchain tracker, which publishes daily and weekly changes in the SHIB burn rate, has shared that over the past seven days the SHIB community has managed to remove an impressive SHIB batch from the market — several tens of millions of meme coins.
Publisher: UToday
Sentiment: Positive
SHIB

More News Articles

Neutral
cover-imageBenzinga
February 19, 2025

Shiba Inu Long Positions Surge Despite 25% Price Drop Over A Month — Case For Buying This Dip?

Shiba Inu (CRYPTO: SHIB) has exhibited a lackluster price action over the last month, but a few crucial technical indicators tied to the dog-themed cryptocurrency signaled a rebound. What happened: The world's second-largest meme coin by market capitalization was in the middle of a corrective phase, falling over 3% over the week and around 25% in a month.

Positive
cover-imageTokenpost
February 19, 2025

SEC Acknowledges Grayscale's XRP ETF Application, Bitcoin Sees $1.04B Inflows, SHIB Burns 58M Coins

The U.S. SEC has officially acknowledged Grayscales application to convert its XRP Trust into an ETF, marking a significant milestone despite not guaranteeing approval. ETF analyst Nate Geraci called the move an enormous message, as the SEC continues its legal battle with Ripple, recently filing an appeal in the ongoing case.

Positive
cover-imageBenzinga
February 17, 2025

Shiba Inu Coin Burns Over 58 Million Tokens As Weekly Price Increases

In the past week, the Shiba Inu (CRYPTO: SHIB) community has successfully burned, or permanently removed, 58,303,050 SHIB coins from circulation. What Happened: According to the Shibburn blockchain tracker, which keeps track of daily and weekly changes in the SHIB burn rate, a significant number of SHIB coins were removed from the market.

Negative
cover-imageUToday
February 17, 2025

468 Trillion Shiba Inu (SHIB) Level: Gone

Shiba Inu has failed to break an important resistance level on the market, not even reaching the resistance point. As the most recent price move of SHIB shows, the 26 EMA remains the first and strongest resistance point for the market.

Positive
cover-imageInvezz
February 17, 2025

Shiba Inu bottoms as whales withdraw billions and burn rate skyrockets

Shiba Inu has flashed a bullish signal after a price correction that has lasted since December 5, 2025, with the cryptocurrency showing signs of recovery and potential growth. Notably, the Shiba Inu has been abuzz with activity, particularly following significant whale movements and an unprecedented spike in the token's burn rate.

Negative
cover-imageThe Currency Analytics
February 17, 2025

Shiba Inu (SHIB) Struggles as Short-Term Traders Exit

Shiba Inu (SHIB) is facing a critical juncture as recent on-chain data highlights a concerning trend—short-term traders are distancing themselves from the cryptocurrency coin, signaling a shift in market sentiment. The once-popular asset, which gained attention through its community-driven momentum and speculative appeal, is now struggling to maintain its appeal as a trading vehicle for short-term investors.

Negative
cover-imageUToday
February 17, 2025

Shiba Inu (SHIB) Fails First Major Test, Bitcoin (BTC) Losing Fuel, XRP Ready for Another Skyrocketing Rally?

An important resistance level that might have indicated a possible recovery, the 26-day exponential moving average (EMA), was difficult for Shiba Inu to overcome, resulting in a setback. Although there have been early indications of stabilization following a protracted decline, SHIB's failure to get past this obstacle raises questions about its immediate future.

Negative
cover-imageUToday
February 14, 2025

Shiba Inu (SHIB) Profitability Hits Ground

Shiba Inu's (SHIB) profitability rate is at an all-time low, with only 16.98% of addresses currently in the money. Most SHIB holders — 76.56% — are losing money, which is indicative of the asset's protracted downward trend.

Neutral
cover-imageBenzinga
February 14, 2025

Shiba Inu Burn Rate Explodes 1,842% Higher: Is SHIB Oversold?

Shiba Inu (CRYPTO: SHIB) continues its aggressive token burn strategy, aiming to reduce supply and drive price appreciation. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001646 $9.7 billion +1.5% +7.7% Dogecoin (CRYPTO: DOGE) $0.2678 $39.7 billion +4.4% +5% Pepe (CRYPTO: PEPE) $0.00001013 $4.3 billion +4.4% +6.5% Trader Notes: ‘Dogecoin millionaire' Glauber Contessoto warns that the crypto market has become oversaturated with new meme coin launches, making it chaotic and difficult to navigate.

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