Shibburn tracking platform has revealed that over the past day, a substantial amount of SHIB meme coins has been transferred out of circulation and into dead-end wallets.

Several tens of millions of SHIB has been burned with the majority gone in a single transaction performed by an anonymous whale.

31.4 million SHIB burned anonymously in one go

The tweet published by Shibburn earlier today shows that the burn rate of the second most popular canine-themed meme coin SHIB has surged by 1,634.41% in total. All-in-all, this time the SHIB community has managed to lock 32,567,798 SHIB out of circulation.

Almost all of that amount — 31,483,015 SHIB — got scorched in a single move as it was sent to an unspendable blockchain address. The transaction was initiated by an anonymous whale-SHIB enthusiast.

HOURLY SHIB UPDATE$SHIB Price: $0.00002274 (1hr 0.84% ▲ | 24hr 6.27% ▲ )Market Cap: $13,386,574,644 (6.33% ▲)Total Supply: 589,257,088,533,288TOKENS BURNTPast 24Hrs: 32,567,798 (1634.41% ▲)Past 7 Days: 44,033,392 (-33.68% ▼)

— Shibburn (@shibburn) January 3, 2025

On Jan. 1, Shibburn summarized the outcome of 2024 in terms of how much meme coins were locked out of the circulating supply last year. This turned out to be a huge 44,623,604,014 SHIB. That was worth slightly less than $1 million in fiat. However, in the comments, many SHIB enthusiasts shared their disapproval, saying that it is likely to take years to burn the majority of the SHIB supply and they are not prepared to wait that long for the coin’s price to skyrocket.

Meanwhile, according to the same data source, in December, the SHIB community succeeded in burning 2,679,767,542 SHIB.

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Shytoshi Kusama kickstarts his crypto podcast, promising "epic" 2025

On Dec. 31, the mysterious SHIB lead developer Shytoshi Kusama published a tweet, in which he announced an upcoming series of podcasts hosted by him, which would count 44 episodes.

In that podcast, Kusama plans to tell the community about SHIB, the SHIB team’s recent tech achievements and what they are working on right now, as well as explain “something very important.” He also plans to talk about the upcoming launch of the TREAT token.

Kusama summarized his tweet, saying that 2025 will be epic, meaning his podcast release and more things to come on Shibarium and within the Shiba Inu ecosystem. In December, the SHIB team finally launched the SHIB Metaverse, inviting SHIB users to join in, buy pieces of land in the virtual space, build customized houses there and spend time with other Shibizens.

Shiba Inu burn rate soars 1500%, boosting market optimism for potential price surge.

Key SHIB support at $0.00002260; resistance at $0.00002300 may unlock bullish momentum.

Technical indicators signal possible upside as MACD converges and RSI nears the bullish zone.

Shiba Inu (SHIB), the popular dog-themed meme token, grabbed the market’s attention with a huge jump in its burn rate. On Friday, SHIB’s burn rate soared by 1500% thanks to the burning of over 30 million tokens.

This event has revived speculation about where the token’s price might be headed. Some market watchers wonder if SHIB could hit $0.001 this month. The combination of lower supply and increased market activity has made Shiba Inu a key target for traders looking for bullish opportunities.

Burn Mechanism and Supply Dynamics

The Shiba Inu burn mechanism aims to reduce the number of tokens in circulation. It played a big part in the recent surge. According to data from Shibburn, a community tracker, 33.01 million SHIB tokens were permanently removed from circulation in 24 hours. This is a 1550% rise in the burn rate.

This reduction follows the economic principle of supply and demand. I…

The post SHIB Traders Eye $0.001 as Burn Rate Reaches 1550% High appeared first on Coin Edition.

🔥🚨Shiba Inu Burns 57M Tokens: SHIB Price Predictions for 2025 Revealed🚨🔥

Shiba Inu, a leading meme coin, has burned 57.2 million tokens, according to Shibburn.com data. While this burn is part of the token's deflationary process, the total value of the burned tokens is only about $1,258 at current prices. Given Shiba Inu’s massive market cap of approximately $12.9 billion, the immediate impact on its price is minimal. Token burning reduces a cryptocurrency’s supply, potentially increasing scarcity and value. However, this small burn shows that its direct influence on Shiba Inu’s price is limited. But there’s more to the story.

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The Role of the Shiba Inu Community and Ecosystem

Shiba Inu has gained significant attention due to its vast and active community, which has been crucial to its survival in the volatile meme coin market. The coin has maintained relative stability, recently trading above $0.000028 and holding steady near the 21-day moving average (DMA). A bounce from the 50DMA in December suggests that bullish momentum may continue.

This optimism is partly fueled by broader developments in the U.S., where the incoming administration and Congress are likely to support cryptocurrency, bringing regulatory clarity that could benefit the entire crypto market, including meme coins like Shiba Inu. Analysis on CoinMarketCap shows that 89% of surveyed users are bullish on SHIB, driven by its ongoing burns and the expected launch of new projects in 2025.

Notably, Shiba Inu's lead developer, Shytoshi Kusama, has confirmed the upcoming TREAT token and the launch of "SHIB: The Metaverse," which are expected to boost SHIB’s market presence and community engagement.

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Could Shiba Inu Experience Parabolic Growth?

There’s speculation about Shiba Inu’s potential for a parabolic rally. Crypto trader Astekz has pointed out SHIB’s "parabolic potential" based on its chart patterns. Analyst CryptoBull also predicts a breakout from the long-term decline that started in 2021. SHIB’s healthy ecosystem, with integrations in decentralized finance (DeFi) and NFTs, adds real-world value to the token.

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How High Could SHIB Go?

Exponential growth is possible if SHIB surpasses its previous all-time high of $0.000090 and enters price discovery. Fibonacci retracement analysis suggests that SHIB’s market cap could increase tenfold, reaching over $150 billion. While these figures might seem ambitious, supporters believe they are achievable if Bitcoin hits $200,000, which would raise its market value to about $4 trillion. Given SHIB’s dominance in the meme coin space, many believe it could account for 4% of Bitcoin’s market cap under these conditions.

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2025 SHIB Price Predictions

Binance: $0.00003000 (6.61% increase)

Average Prediction: $0.00004772 (69.67% increase)

Despite the optimism, most platforms predict a more conservative outlook for SHIB in 2025. Changelly offers the most optimistic forecast, predicting a 137% price increase, while Binance is more cautious, estimating a 6.61% rise over the current price.

As the cryptocurrency market continues to evolve, Shiba Inu remains a standout example of a community-driven project. While the possibility of another parabolic rally is uncertain, the excitement surrounding this meme coin ensures it will stay in the spotlight.

$SHIB

Kekius Maximus is a new cryptocurrency that has recently caught the attention of the crypto community and beyond. Launched with little fanfare, this coin has seen explosive growth, skyrocketing from a price of $0.001 to $0.17 in just 24 hours. While many coins have come and gone, Kekius Maximus is already proving to be something different.
The coin's story is still unfolding, but one thing is certain: it’s making waves in the digital currency space. The exact origin of Kekius Maximus is somewhat mysterious, but it seems to have gained popularity rapidly thanks to a mix of meme culture, internet communities, and some unexpected endorsements.
What is Kekius Maximus Used For?
Kekius Maximus, like many cryptocurrencies, is primarily designed for use in online transactions. However, it stands out due to its unique appeal to meme lovers, digital enthusiasts, and internet communities. Its decentralized nature allows users to send and receive payments quickly and anonymously, without relying on traditional banking systems.
The coin has also gained popularity as a form of digital tipping. Many creators, influencers, and content makers on social media have begun to accept Kekius Maximus as a form of donation, further boosting its exposure and use.
Additionally, some users speculate that it may have utility in the growing world of decentralized finance (DeFi) or even gaming platforms, though these applications are still in development.
Elon Musk's Surprise Move
One of the biggest shocks in the Kekius Maximus saga came when tech mogul Elon Musk changed his name on his popular social media platform, X, to Kekius Maximus. Musk, who is known for his bold moves and cryptic tweets, has a history of stirring up the markets with his actions. From Dogecoin to Tesla, his involvement often leads to explosive price movements.
The decision to rename his account to Kekius Maximus has raised many eyebrows. Was this a publicity stunt? Or is Musk making a strategic move for a larger, long-term plan?
Why Did Elon Musk Do It?
There are a few potential reasons behind Musk’s sudden decision to adopt the name Kekius Maximus for his platform:
1. Meme Culture Influence: Musk is well-known for his love of memes, and Kekius Maximus has become a favorite among meme enthusiasts. By embracing this culture, Musk could be tapping into a community that is highly active, loyal, and ready to push new trends.
2. Boosting the Coin’s Popularity: Musk’s involvement with any crypto coin often leads to massive attention and price surges. By changing X’s name to Kekius Maximus, Musk may be signaling to investors and fans that this coin is the next big thing. His endorsement could help propel Kekius Maximus into the mainstream, just as Dogecoin soared after Musk’s support.
3. A Nod to Decentralization: Musk has long been an advocate for decentralization, and a name change to Kekius Maximus could be a subtle message about shifting away from centralized platforms. He may be positioning the coin (and his platform) as part of a broader movement to give users more control over their digital interactions.
4. Creating a New Digital Ecosystem: Musk might be building the foundation for something much larger. By linking Kekius Maximus to X, he could be preparing to launch new services, applications, or even a digital economy based around the coin. His history of ambitious projects suggests this move could be part of a larger strategy to disrupt the digital world.
The Price Surge: From $0.001 to $0.17 in 24 Hours
In the 24-hour period following Musk's X new name, the price of Kekius Maximus saw an astonishing rise, jumping from just $0.001 to $0.17. This represents an incredible 17,000% increase. The surge can be attributed to a few key factors:
Musk's Influence: As expected, Musk's involvement has driven a massive influx of buyers. Investors rushed to get in early, hoping to capitalize on the hype.
Media Coverage: The sudden name change of X to Kekius Maximus has been covered extensively in the media, generating even more interest from people who hadn’t previously heard of the coin.
FOMO (Fear of Missing Out): When prices start to skyrocket, many investors fear missing out on potential profits. This leads to more buying, which in turn pushes the price even higher.
What’s Next for Kekius Maximus?
While it's impossible to predict the future of any cryptocurrency with certainty, Kekius Maximus has the potential to keep growing. The coin is benefiting from its association with Musk and his platform X, but it also has a strong online community backing it.
As for why Musk is getting involved, it’s likely part of his larger vision for a new digital economy or decentralized platform. Given his history of pushing boundaries and his love for tech innovation, it’s possible that Kekius Maximus will play a central role in his future projects.
A Cautionary Note
Despite the impressive price spike, it’s important to remember that cryptocurrencies can be extremely volatile. While Musk's endorsement has pushed the price up, there’s always the risk of a correction or a sudden downturn. Investors should approach with caution and consider the risks before diving in.
Conclusion
Kekius Maximus has gone from obscurity to fame in a matter of days, thanks to its association with Elon Musk and his decision to rename X. Whether this coin is just a passing trend or a long-term player in the crypto world remains to be seen. However, one thing is clear: Kekius Maximus has captured the imagination of many, and its story is far from over. Keep an eye on this crypto, as it may just be the beginning of something much bigger.
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