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Shiba Inu ($SHIB -11.41%) is seeing big sell-offs in Tuesday's trading. The cryptocurrency's token price was down 8.2% over the last 24 hours -- a period that also saw Bitcoin's price fall 5% and Ethereum's price fall 7.4%.
Shiba Inu is losing ground amid a significant pullback for the broader cryptocurrency market. Today's sell-offs have been triggered by new data from the U.S. Bureau of Labor Statistics (BLS) that has raised concerns about inflationary pressures and the outlook for interest rates.
$LUNC price jumped 6% in the last 24 hours, with the price currently trading at $0.0001148. The 24-hour low and high are $0.0001081 and $0.0001153, respectively.
Moreover, the Terra Luna Classic trading volume has increased by 33% in the past 24 hours, indicating a rise in interest among traders. Besides, a recent LUNC price analysis hints at a potential rally for the crypto to $0.000179.
Meanwhile, $USTC price also climbed 5% to $0.02053. The price is now trading at $0.02053, with the trading volume also rising by 3% in the last 24 hours.
📈 According to a Messari report, decentralized physical infrastructure networks (DePIN) projects became leaders in the crypto ecosystem in 2024 in terms of revenue growth and investment dynamics.
✅ Projects like Virtuals Protocol, NEURAL and NodeA showed exponential capitalization growth, with tokens from this sector now accounting for 5% of the total cryptocurrency market value.
✅ Only four out of the 22 major #DePIN tokens demonstrated negative performance, as the sector’s growth continues
🐶 Recent Pi Network (PI) Updates, Shiba Inu (SHIB) Warning, and More: Bits Recap Jan 7
The controversial cryptocurrency project #PiNetwork saw the light of day in 2019. While it has witnessed multiple developments since then, the launch of its fully operational blockchain and native token has yet to be seen.
The team has previously stated that the first major target is the introduction of Open Network. This could become possible once 15 million users pass necessary Know-Your-Customer (KYC) verifications and migrate to the mainnet (known as the Grace Period). People have until Jan
🐶 Shiba Inu (SHIB) Whales Selling En Masse: What's Happening?
On-chain data shows a noticeable change in investor behavior, which has put a lot of pressure on Shiba Inu recently. As can be seen from the provided chart, the price has had difficulty maintaining its upward momentum and is currently trading around $0.00002413. The behavior of large $SHIB holders is where the real story is found, though.
Addresses with between 10 million and 100 million #SHIB tokens have significantly decreased, according to on-chain metrics which show a 20
Kusama clarified that most meme coins or projects could not calculate their GDP because they lacked a defined system of citizenship. “And just for the record,” he stated, “all you other memes out there, time out, bro, you cannot calculate GDP because you do not have a citizenship system.”
He went on to explain that while they identified as “a meme”, Shiba Inu’s efforts to create a citizenship system set them apart from other projects. This distinction, according to Kusama, is necessary for considering $SHIB as more than just a token.
🌖 Binance Burns 1.7 Billion Terra Luna Classic (LUNC) Tokens
The #TerraLunaClassic community saw 1.7 billion LUNC tokens burned by crypto exchange Binance, as per the burn transaction on January 1.
In the 29th batch of the $LUNC burn mechanism, the crypto exchange burned $233,156 in trading fees for the period between November 30 to December 30. The total LUNC burned by one of the top crypto exchanges has now reached nearly 68.39 billion LUNC tokens.
Notably, Binance burned 1.72 billion LUNC in the previous batch of the monthly burn
#BinanceAlphaAlert 🌖 LUNC News: Terra Luna Classic Revival Ahead With Binance LUNC Burn
Binance Terra Luna Classic ($LUNC ) burn approaches new milestone. With the latest 1.7 billion tokens burned in the 29th batch of its #LUNC✅ burn mechanism, the community hopes for a massive rally in LUNC price in 2025. With the latest Binance LUNC burn, the total tokens burned by the community reached 395 billion.
The daily chart shows that the #TerraLunaClassic price has remained in a tight range even as the token burn continues. It is consolidating at the 50-day and 100-day moving averages and remains below the key resistance level at $0.0001311, its highest swing in May last year.
$LUNC token is also forming a bearish pennant chart pattern, which may stage a strong bearish breakout in the coming days. If this happens, the next point to watch will be at $0.00009060, the lower side of the pennant pattern.
▪️Turned $3K in ai16z into $19M (cashed out $1.71M so far). ▪️$12K in Fartcoin ballooned to $18M (took $5.41M). 🚀
With an 89% win rate on GMGN, he’s buying meme coins like eef, DEAL, GG, and even Fartology (🤔 serious research, obviously). Also snagged 400 $SOL worth of OPAIUM — maybe he's into "high-stakes memes"?
Vitalik Buterin, the co-founder of Ethereum, just sold a stack of memecoins worth nearly $1M, including tokens like CULT, $DOGE , and $SHIB , converting them into $USDC . His mission? Funding biotech research through his charity fund, Kanro. 🌱✨
Among the 28 #Memecoins🤑🤑 sold, some tokens like DINU didn’t quite survive the “Vitalik Effect,” dropping by 68% after his trades. But hey, that’s the cost of making the world a better place, right? 👀
This isn’t Vitalik’s first rodeo — from pandemic research to AI development and even helping internet-famous hippos, he’s got his philanthropy game strong. His motto: “Send memecoins, but better yet, donate directly.” ❤️
Shiba Inu, one of the most popular meme coins, has burned 57.2 million tokens, according to data from Shibburn.com. Can it bump the $SHIB price?
While the data from Shibburn represents a further step in the token’s deflationary process, the total value of the burned tokens is only around $1258 in today’s prices. In comparison to Shiba Inu’s massive market capitalization of approximately $12.9 billion, the impact will be minimal. Token burning is a strategy for reducing a cry
This week, Kusama explored the concept of a nation-state when discussing Shiba Inu. According to Kusama, “When a country figures out its GDP, there are various ways to calculate it. But overall, it is a way to see, basically, how successful your country is.”
He further explained how he calculated $SHIB ’s GDP, stating, “For GDP, it is calculated as all of the transactional funds that took place within a currency that runs a nation.” Using this method, the team estimated that
With a daily transactional volume often exceeding one billion dollars, $SHIB ’s GDP calculation challenges its categorization as simply a meme coin, as Shytoshi Kusama, the elusive visonary behind the Shiba Inu ecosystem, explored its potential as a future digital nation-state during his recent podcast, inviting questions about the very nature of digital communities and their economic influence.
Utility mining is a mechanism or process in which participants engage in protocol-specified on-chain activity and are rewarded with tokens for doing so. Protocols can utilize utility mining to distribute their native or governance #tokens to end-users and attract new users to their protocols, helping bootstrap themselves as well as mitigating the risks of mercenary capital. This process incentivizes users to interact with the underlying protocol to receive additional yields.
#FTM going though a downtrend phrase and taking support near by $0.71 - $0.75 and also had a fakeout over the area too. Price also holding from the trendline and still maintaining the bearish market structure, so buys are not favorable and there's 50-50 chances, so you go with the lower risk and tight SL.
Smart contracts are self-executing contracts that use blockchain technology to automatically enforce the terms of an agreement. They are computer programs that run on a blockchain and can facilitate, verify, and enforce the negotiation or performance of a contract without the need for intermediaries. Smart contracts can be used in a wide range of applications, including finance, real estate, supply chain management, and more.
APY, or annual percentage yield, incorporates interest compounded quarterly, monthly, weekly, or daily, while APR, or annual percentage rate, doesn’t. This simple distinction can make a significant difference to the calculations for returns over a period of time. It is therefore important to understand how these two metrics are calculated and what it means for the returns that you can earn on your digital funds.
APR
APR stands for annual percentage rate. Thi
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