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SHIB Burns On Fire Despite Shiba Inu Price Going Down. Daily Shiba Inu burn rate has demonstrated a substantial increase with several millions of meme coins transferred out of the circulating supply. SHIB burns increase overnight. Data published by the Shibburn explorer reveals that within the last 24 hours, the SHIB burn rate has staged a major rise of 62.58%. This way, the Shiba Inu community has successfully disposed of 6,985,600 SHIB meme coins in total thanks to ten burn transactions. The largest burn transfers registered by this tracker included 2,555,239, 1,500,000 and 1,045,369 SHIB. In the meantime, over the past seven days, the SHIB community has managed to get rid of 57,671,544 SHIB. However, this is almost 57% less than was sent to unspendable blockchain wallets a week before - the weekly SHIB burn rate is in the red. Overall, a staggering amount of 410,726,422,225,031 SHIB has been so far burned in total from the quadrillion supply created by Ryoshi when SHIB was launched in 2020. The supply of Shiba Inu that is currently circulating on the market equals 582,992,864,057,113 SHIB meme coins. 6,280,713,717,854 SHIB have been locked in staking platforms. Shiba Inu price performance. Over the period of the past 24 hours, the second largest meme cryptocurrency SHIB has staged a major decline of slightly over 4%, coming out of the range it had been moving for three days prior to that. Shiba Inu price has dropped from the $0.00002504 level to $0.00002397, where it is changing hands at the time of writing this article. Shibarium transaction activity keeps plummeting. The Shibariumscan explorer shows a continuous decline in on-chain activity on this layer-2 solution. The daily transaction count has dropped to the 11,910 mark compared to 16,900 on Saturday. This is a more than 97% plunge compared to the 562,990 transactions spotted on Shibarium on April 17. As for the total count of transfers on this progressive blockchain platform, it has by now shown a rise to 417,490,509 with the number of connected wallets sitting at 1,803,114. #MemeWatch2024

SHIB Burns On Fire Despite Shiba Inu Price Going Down.

Daily Shiba Inu burn rate has demonstrated a substantial increase with several millions of meme coins transferred out of the circulating supply.

SHIB burns increase overnight.

Data published by the Shibburn explorer reveals that within the last 24 hours, the SHIB burn rate has staged a major rise of 62.58%.

This way, the Shiba Inu community has successfully disposed of 6,985,600 SHIB meme coins in total thanks to ten burn transactions. The largest burn transfers registered by this tracker included 2,555,239, 1,500,000 and 1,045,369 SHIB.

In the meantime, over the past seven days,

the SHIB community has managed to get

rid of 57,671,544 SHIB. However, this is

almost 57% less than was sent to

unspendable blockchain wallets a week before - the weekly SHIB burn rate is in the red.

Overall, a staggering amount of 410,726,422,225,031 SHIB has been so far burned in total from the quadrillion supply created by Ryoshi when SHIB was launched in 2020. The supply of Shiba Inu that is currently circulating on the market equals 582,992,864,057,113 SHIB meme coins. 6,280,713,717,854 SHIB have been locked in staking platforms.

Shiba Inu price performance.

Over the period of the past 24 hours, the second largest meme cryptocurrency SHIB has staged a major decline of slightly over 4%, coming out of the range it had been moving for three days prior to that.

Shiba Inu price has dropped from the $0.00002504 level to $0.00002397, where it is changing hands at the time of writing this article.

Shibarium transaction activity keeps plummeting.

The Shibariumscan explorer shows a continuous decline in on-chain activity on this layer-2 solution.

The daily transaction count has dropped to the 11,910 mark compared to 16,900 on Saturday. This is a more than 97% plunge compared to the 562,990 transactions spotted on Shibarium on April 17.

As for the total count of transfers on this progressive blockchain platform, it has by now shown a rise to 417,490,509 with the number of connected wallets sitting at 1,803,114.

#MemeWatch2024

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1.356 Trillion SHIB Suddenly Bought by 9 Wallets - What's Going On? Analytics X account @lookonchain has reported that on June 5, a "crazy SHIB buy" took place as cryptocurrency whales accumulated a staggering amount of Shiba Inu meme coins. It coincided with the price of the second largest meme cryptocurrency, SHIB, soaring by almost 8% within the past two days and a massive SHIB burn rate jump noted within the last 24 hours. Trillions of SHIB absorbed by anon whales. @lookonchain revealed that nine wallets, which belonged to two anonymous whales, purchased a mind-blowing 1.356 trillion Shiba Inu, paying $35.2 million in fiat for them at an average price of $0.00002596 per meme coin. SHIB whales seem to have become more active this week. Aside from the above- mentioned massive SHIB buy, on June 5, the same analytics data source reported that an anonymous "super big SHIB whale" accumulated 715.9 billion SHIB meme coins. That cost him 4,849 ETH, valued at $18.44 million at the time of performing the transaction. This second SHIB purchase was made by a whale who accumulated 5.5 trillion Shiba Inu in SHIB's early days for roughly $400 million and then sold that amount for approximately $121 million, when the SHIB price reached two peaks. Thus, he made more than $120 million of pure profit on those trillions of SHIB. The above-mentioned purchases took place as SHIB whales became active this week and coincided with the meme coin's price soaring by more than 10% on June 5, reaching a peak of $0.00002630. Then a slight rebound followed, taking the price down by 2.65%. As of this writing, Shiba Inu is changing hands at $0.00002258. SHIB burns soar 3,895%. In the meantime, according to the Shibburn explorer, overnight, the Shiba Inu burn rate demonstrated an impressive surge, skyroc keting by almost 3,895%. A total of 4,829,147 SHIB was transferred to unspendable wallets (i.e., burned) in total. The largest burn transaction here carried 4,039,143 SHIB to a dead-end wallet approximately 15 hours ago.
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Litecoin (LTC) Reaches Historic 250 Million Transaction: Details. Litecoin (LTC), one of the market's early cryptocurrencies, is celebrating a historic milestone as it reaches a quarter-billion transactions. In a landmark achievement for the cryptocurrency, regarded as the "silver to Bitcoin's gold," Litecoin has exceeded 250 million transactions. Litecoin, founded in 2011 by Charlie Lee, was created as a lighter and speedier alternative to Bitcoin, with faster transaction confirmations and cheaper fees. These qualities have made it a viable option for everyday transactions and micropayments, contributing to its widespread adoption. The year 2024 has been especially remarkable for Litecoin, with over 40 million transactions processed in the year, demonstrating an increase in activity and interest in the cryptocurrency. Over the years, Litecoin has been integrated into numerous payment processors and merchant services worldwide. Its acceptance by major platforms and retailers has expanded its usability, driving transaction volume and adoption. According to current data, LTC has been used to pay for goods and services on BitPay, a crypto payment processor, over 133,000 times. In March, the Litecoin network received the Core 0.21.3 release, which brought significant improvements to the network, thus increasing its appeal. Litecoin is currently the 20th largest cryptocurrency, with a market capitalization of $6.33 billion and a 1.22% price gain in the previous 24 hours to $84.94. This milestone of completing over 250 million transactions is more than a numerical achievement; it might suggest Litecoin's continued relevance and potential for future growth in the cryptocurrency market. As Litecoin's growth accelerates, the crypto community celebrates this quarter- billion transaction milestone while anticipating the next big thing as its journey continues.
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DOGE Price Prediction for June 6. DOGE/USD. The price of DOGE has declined by 1.49% over the last 24 hours. On the hourly chart, the rate of DOGE might have found a local support level of $0.1617. Now, one needs to pay attention to the daily closure in terms of this mark. If the daily closure happens far from that mark, there is a chance to see a bounce back to the resistance. On the daily time frame, the price is trading within yesterday's bar, which means neither buyers nor sellers are dominating. An upward move may happen only if the breakout of the interim level of $0.1650 takes place. From the midterm point of view, the picture is similar as the rate of DOGE is far from the key levels. In addition, the volume is falling, which means buyers are not ready yet to buy the coin at current prices. All in all, ongoing consolidation in the zone of $0.15-$0.17 is the more likely scenario. DOGE is trading at $0.1627 at press time.
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Solana (SOL) Maintains Bullish Trajectory Above 100- Day SMA, Rally Looms? Solana (SOL) has shown remarkable market resilience by holding onto its position above the 100-day Simple Moving Average (SMA) in spite of notable market turbulence. SOL has seen a lot of volatility in the last several months, but it has found firm support at this pivotal moving average, indicating a persistent positive mood. The ability of Solana to hold above the 100-day SMA shows that buying enthusiasm outweighs any downward pressure, providing a good basis for future upward momentum thereby attracting the attention of traders and investors. As of the time of writing, SOL's price was down by -0.56%, trading at about $172. Its market capitalization was over $79 billion, and its 24-hour trading volume was over $1.9 billion. Both market capitalization and the trading volume are down by -24% and -22.39% respectively. Technical Analysis Of Solana. This analysis was carried out using both the 4-hour and daily timeframe with the help of the 100-day SMA and the Relative Strength Index (RSI) indicators. Solana is currently moving in a consolidation manner, building up momentum above the 100-day simple moving average in the 4-hour chart. Judging from the price movement, it can be suggested that SOL might move upward. The 4-hour relative strength index is also actively positive as the RSI line is seen trending above the 50% level. From this RSI formation, it can be suggested that SOL will move down a bit closer to the SMA before making a good move in the upward direction. SOL on the 1-day chart also looks bullish as it attempts to move upward after rejection at the $160 support level. Thus at this point, It can be suggested that the price of SOL can still potentially move upward. Finally, we can see that the daily RSI is highly bullish because it rejected a downward move at the 50% level and started to rise again, indicating that the crypto asset is bullish and that the price could make a run for it.
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Ethereum Whale Moves $33.55 Million in ETH to Coinbase: Details. An Ethereum (ETH) whale has transferred 8,710 ETH, valued at approximately $33.55 million, to Coinbase, one of the leading cryptocurrency exchanges. The transaction was highlighted by Whale Alert, a service that tracks large crypto transactions. The transfer has sparked speculation that this whale might be preparing to sell a large portion of their holdings. Such moves are closely watched by the crypto community, as they can significantly impact market dynamics. Given the recent rally in Ethereum's price, it is plausible that the whale intends to capitalize on the gains. Over the last 30 days, the ETH price has surged by 22.15%, and it is currently trading at $3,849, up 1.20% in the past 24 hours. Market context and implications. Ethereum's recent price performance has been robust, driven by a confluence of factors, including market optimism and broader adoption trends. The approval of spot Ethereum ETFs (exchange-traded funds) has been a major catalyst. These ETFs are expected to begin trading in the coming weeks, and many analysts believe that their introduction will further fuel Ethereum's price appreciation. The approval of these ETFs marks a significant milestone for the leading altcoin, providing traditional investors with a new avenue to gain exposure to the cryptocurrency. This could potentially lead to increased demand and higher prices. Analysts are bullish on Ethereum's outlook, predicting that the price could surge as these ETFs launch and attract more institutional and retail investment. Whale transactions, particularly those involving large amounts of cryptocurrency being moved to exchanges, are often seen as precursors to market volatility. Historically, large sell-offs have sometimes led to short-term dips in price, but the overall upward trajectory is driven by strong fundamentals, and increasing adoption tends to mitigate long-term concerns.
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