Monthly DEX volume on $SOL exceeded $100bn In comparison, E | Crypto Man MAB on Binance Square

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Monthly DEX volume on $SOL exceeded $100bn
In comparison, Ethereum's figure is almost half as high at $55.3bn

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SOL

241.94

+0.05%

ETH

3,626.84

+0.81%

913

0

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Shiba Inu Burn Rate Soars Over 2,000%, Removing 1.28 Billion $SHIB The Shiba Inu burn mechanism plays a crucial role in the token's deflationary strategy, designed to create scarcity by permanently reducing the circulating supply of SHIB tokens. Recent data from Shibburn, a dedicated burn portal for the Shiba Inu ecosystem, reveals an astonishing 2,050.95% increase in the burn rate within the past 24 hours. This dramatic surge has led to 1.28 billion SHIB tokens being permanently removed from circulation, marking a significant milestone in the token’s journey toward deflationary growth. The remarkable increase in token burns reflects the dedication of the Shiba Inu community, which has long been an advocate for larger and more frequent burns to bolster the token's value. As these efforts intensify, the Shiba Inu ecosystem continues to demonstrate its commitment to enhancing the scarcity and potential value of SHIB. #MarketInTheGreen #shiba⚡ #CryptoManMab

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Algorand $ALGO has taken the cryptocurrency market by storm with an incredible 230% price surge, hitting a new yearly high of $0.3632 after a remarkable 25% rally in just one day. This dramatic recovery follows a long downturn from its all-time high of $2.99 in November 2021, culminating in a low of $0.094 in August 2024—a staggering 96% drop. The turnaround is driven by technical momentum and heightened anticipation surrounding events like the ALGO Foundation India Summit. ALGO’s breakout above the critical $0.280 resistance, which had capped its growth since December 2022, marks a pivotal moment. This milestone comes alongside four consecutive bullish weekly candlesticks, signaling growing market confidence. Adding to the bullish sentiment is a double-bottom pattern, a classic reversal indicator, formed between August 2023 and August 2024. Key technical indicators reinforce this upward trend. The Relative Strength Index (RSI) has surged above 50, pointing to strong bullish momentum, while the Moving Average Convergence Divergence (MACD) has turned positive. Together, these metrics suggest ALGO’s rally may continue toward its next major resistance at $0.750. Wave analysis further supports the bullish outlook. ALGO has entered a strong upward trajectory, completing an A-B-C correction and moving into the third wave of a five-wave bullish pattern. If this trend persists, ALGO could climb to $0.55 during wave three and target $0.750 in wave five. With strong technical and fundamental drivers, Algorand is firmly back in the spotlight as a top contender for long-term growth. #Algorand

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Top Losers in the Market 1. Celestia ($TIA ): Declined by 5.43%, trading at $8.16. Despite its innovative modular blockchain, profit-booking impacted its price. 2. Fantom ($FTM ): Fell by 5.32% to $1.03, with no significant announcements driving its recent dip. 3. Ethena ($ENA ): Dropped by 5.29%, priced at $0.7159, likely due to bearish sentiment in the altcoin segment. 4. Optimism (OP): Declined by 4.18%, trading at $2.33. Short-term selling pressure impacted its performance #MarketInTheGreen #CryptoManMab

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Top Gainers in the Market 1. Algorand ($ALGO ): Surged by 20.28%, trading at $0.3464. Positive developments in ecosystem partnerships have boosted sentiment. 2. Worldcoin ($WLD ): Increased by 14.28%, reaching $2.89. Its unique identification-based DeFi model continues to attract attention. 3. The Sandbox ($SAND ): Rose by 7.22%, with a price of $0.6462. Growing interest in metaverse projects is driving its performance. 4. Hedera (#HBAR ): Recorded a 6.91% gain, trading at $0.1494. The network’s enterprise-grade solutions remain a key driver. 5. Bittensor (#TAO ): Witnessed a 6.94% increase, priced at $613.49, as its AI-backed blockchain technology gains traction. #CryptoManMab

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Today's Best Performing Crypto Coins Polkadot ($DOT ): Trading at $8.53, the token recorded a 3.29% daily gain and a significant 37.67% rise over the past week. This makes it one of the best-performing assets among top cryptocurrencies. Solana ($SOL ): Trading at $240.75, Solana witnessed a marginal daily dip of 0.01%. The token remains under pressure with a 7.76% decline for the week. Ripple (XRP): Ripple surged by 5.52% in the last 24 hours, trading at $1.56. Its weekly performance also reflects a strong 12.30% growth. Shiba Inu (SHIB): Shiba Inu traded at $0.00002583, with a modest daily dip of 0.08% but a weekly rise of 3.20%. #CryptoManMab

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