The Shibburn data tracking platform has revealed that the SHIB community has succeeded in removing SHIB meme coins from circulation. However, there is nuance with this massive burn that does not make it look that good.

This coincided with the large SHIB price drop by roughly 10%.

131.2 million SHIB burned in past week

The recently published tweet revealed that over the past seven days, the SHIB community has transferred 131,204,000 SHIB to a dead-end wallet. Still, the weekly burn rate has plunged by 67.29%.

As for daily SHIB burns, things look more optimistic here in terms of the burn rate reading: +69.28%. However, the amount of burned Shiba Inu meme coins is 21.8x smaller and comprises 6,181,175 meme coins. It was achieved thanks to eight burn transactions. The largest ones burned 2,874,467; 1,701,750; 1,463,776 and 1,000,000 SHIB.

HOURLY SHIB UPDATE$SHIB Price: $0.00002419 (1hr -0.04% ▼ | 24hr -5.81% ▼ )Market Cap: $14,262,405,400 (-5.87% ▼)Total Supply: 589,257,176,554,960TOKENS BURNTPast 24Hrs: 6,181,175 (69.28% ▲)Past 7 Days: 131,204,000 (-67.29% ▼)

— Shibburn (@shibburn) December 19, 2024

According to Shibburn, by now, a total of 410,742,824,445,039 SHIB have been transferred to unspendable wallets, while 584,120,275,779,942 SHIB keep circulating on the cryptocurrency market.

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650 SHIB sold by early whale

As reported by U.Today earlier, an early cryptocurrency whale, who purchased more than 15 trillion Shiba Inu four years ago, sold two massive batches of Shiba Inu, which together comprise 650 billion SHIB.

The bigger transaction, carrying 400 billion SHIB, was tracked by @spotonchain. The funds were sent to Gemini, the crypto exchange founded by the Winklevoss twins, Tyler and Cameron, based in the U.S. The 400 billion SHIB is valued at $9.69 million.

The second transaction was reported by the @lookonchain account as the same early SHIB investor transferred 250 billion SHIB. The destination was not mentioned. After buying 15.2 trillion Shiba Inu and the recent sales, this whale now holds roughly two trillion SHIB worth $48.54 million in fiat.

SHIB market performance

Over the last day, the second largest canine-themed cryptocurrency has stopped by approximately 10%, losing the $0.00002617 level and landing at $0.00002338. By now, SHIB has recovered by 4.27% and is trading at $0.00002440.

Not only SHIB but the whole cryptocurrency market followed the brief plunge of the world’s pioneer cryptocurrency, Bitcoin, as it crashed below $100,000 as the Fed Chair Jerome Powell announced that the upcoming interest rate cut would constitute only 25 basis points rather than 100 basis points, as was expected by the global crypto community.

Shiba Inu ($SHIB) and BitTorrent Chain ($BTTC) Price Forecast for 2025
Predicting the future of cryptocurrencies like Shiba Inu ($SHIB) and BitTorrent Chain ($BTTC) involves assessing a variety of dynamic factors such as market trends, token utility, regulatory developments, and investor sentiment. Here’s a comprehensive look at the potential trajectories for these tokens by 2025:
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Core Drivers Influencing SHIB and BTTC by 2025
1️⃣ Market Dynamics: Price trends for both SHIB and BTTC will closely follow overall crypto market movements, influenced by cycles of bullish rallies or bearish corrections.
2️⃣ Utility and Real-World Use Cases: Tokens with expanding ecosystems, strategic partnerships, and practical applications tend to attract sustained interest and demand.
3️⃣ Regulatory Environment: Supportive regulations could drive institutional and retail investment, whereas restrictive policies might limit their growth.
4️⃣ Tokenomics: Mechanisms like SHIB’s token burns and BTTC’s staking incentives are vital in managing supply and stimulating demand.
5️⃣ Competition: The growing number of rival meme coins, DeFi platforms, and interoperability solutions may pose challenges to both SHIB and BTTC.
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Shiba Inu ($SHIB) Price Projections for 2025
Optimistic Scenario:
If Shiba Inu successfully expands its ecosystem with initiatives like Shibarium Layer-2, maintains consistent token burns, and enhances its utility, it could experience significant price appreciation. Strong community engagement and innovative use cases will be crucial.
Estimated Range: $0.00002 - $0.0001
Pessimistic Scenario:
If SHIB fails to deliver meaningful updates, loses its community-driven momentum, or faces extended market bearishness, its price may struggle to gain traction.
Estimated Range: $0.000005 - $0.00001
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BitTorrent Chain ($BTTC) Price Projections for 2025
Optimistic Scenario:
BTTC’s focus on cross-chain compatibility, decentralized storage, and DeFi solutions could solidify its position as a leader in blockchain interoperability. A growing user base and robust ecosystem adoption might fuel its price growth.
Estimated Range: $0.0000015 - $0.000005
Pessimistic Scenario:
Without substantial adoption or competitive differentiation, BTTC’s growth could stall. Rivals with superior technologies or larger ecosystems might overshadow its potential.
Estimated Range: $0.0000005 - $0.000001
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Risks for SHIB and BTTC Investors
1️⃣ Market Volatility: Both SHIB and BTTC remain highly speculative assets prone to rapid and unpredictable price movements.
2️⃣ Dependency on Ecosystem Growth: Their future largely depends on continuous innovation, adoption, and ecosystem expansion.
3️⃣ Sentiment-Driven Markets: Broader market downturns or shifts in investor sentiment could significantly impact their performance.
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Conclusion
While Shiba Inu ($SHIB) and BitTorrent Chain ($BTTC) present opportunities for growth, their long-term success will hinge on their ability to innovate, build strong ecosystems, and adapt to evolving market conditions. Investors should keep a close watch on their development, evaluate the broader market environment, and assess their risk tolerance before making any investment decisions.
#SHIB #BinanceAlphaAlert #BinanceAlphaAlert #BinanceAlphaAlert n #USUALBullRun

Crypto analytics platform Spotonchain reported that two large amounts of Shiba Inu ($SHIB ) were transferred as of December 19.
The development coincided with a 10 percent drop in the price of #ShibaInu following Bitcoin’s Fed Reserve announcement. Spotonchain reported that a whale who bought Shiba Inu early and made a profit of $108 million thanks to his investment, moved a total of 399.99 billion #SHIB to US-based crypto exchange Gemini.
Shiba Inu (SHIB) is in a downtrend
A Shiba Inu whale bought exactly 15.2 sessions of SHIB for just 10 ETH on August 7, 2020. Until it is stuck, the total value of the 2 SHIB portfolio is 48.54 million storage space. This figure shows that the whale made a total profit of $107.7 million.
Another analysis report revealed that SHIB whales have largely liquidated their memecoins. This coincided with the Shiba Inu price dropping by about 10 percent in the last 24 hours.
SHIB price fell from $0.00002618 to $0.00002345. In the last 10 days, the popular memecoin has lost more than 21 percent of its value. Not only Shiba Inu, but also memecoins in general have seen sharp declines.
Factors such as money outflow from memecoins, a decrease in BTC or an increase in BTC dominance will push the Shiba Inu price to lower levels. In the opposite scenario, a slowdown in the parity can be expected.

#FullMarketBullRun #MarketPullback #binance

Prominent crypto tracker Shibburn has published data showing that the SHIB community has remained dedicated to removing meme coins from the circulating supply.

The spike in the burn rate over the past day has constituted six figures, with several tens of millions SHIB sent to a virtual furnace.

Burn rate spikes 319,571%

A tweet published by Shibburn earlier today reported that the SHIB burn rate spike comprised a staggering 319,571.27%, while the community has pushed 35,713,674 Shiba Inu meme coins out of the circulating supply, locking those SHIB in unspendable wallets for good.

The three biggest transfers carried 15,546,918 SHIB; 11,196,225 SHIB and 8,804,670 Shiba Inu meme coins.

HOURLY SHIB UPDATE$SHIB Price: $0.000027 (1hr 0.68% ▲ | 24hr -3.86% ▼ )Market Cap: $15,909,188,563 (-3.93% ▼)Total Supply: 589,257,186,387,669TOKENS BURNTPast 24Hrs: 35,713,674 (319571.27% ▲)Past 7 Days: 138,987,010 (-94.31% ▼)

— Shibburn (@shibburn) December 17, 2024

If we look at the SHIB burns conducted during the past week, we see that it is slightly in the red zone, showing minus 94.31%. However, the actual amount of destroyed SHIB coins is roughly four times bigger and constitutes 138,987,010 SHIB.

As covered by U.Today, on Monday, an anonymous whale helped burn SHIB coins, transferring 20,035,968 SHIB to a dead-end wallet in a single move.

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SHIB price unfazed by new Bitcoin record peak

On Monday, the world’s leading cryptocurrency, Bitcoin, succeeded in reaching a new all-time high of $107,780. While SHIB has reacted to the price dumps and surges of BTC before, this time, the correlation between them seems to be lost so far.

After printing a more than 22% recovery last week, the SHIB price has been moving sideways in a slightly descending trajectory. After dropping from the $0.00002978 level behind, SHIB has been striving to surpass the $0.00002822 resistance but has failed so far.

After a minor 2% increase today, the second biggest meme coin in terms of market capitalization size, SHIB, is changing hands at $0.00002738.

Shiba Inu, one of the most popular meme coins, has recently burned 17 million tokens, according to data from Shibburn.com. Will 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 $500. In comparison to Shiba Inu’s massive market capitalization of approximately $16.58 billion, the impact will be minimal. Token burning is a strategy for reducing a cryptocurrency’s overall supply, hence enhancing its scarcity and value. However, the small-scale burn indicates that its immediate impact on Shiba Inu’s price trajectory is limited. Nonetheless, their is more to the story
The Shiba Inu’s Community and Ecosystem Fuel Optimism
Shiba Inu has evolved as a speculative asset, attracting great interest due to its vast and active community. This participation has been critical to its survival in the volatile field of meme currency.

Shiba Inu (SHIB) price chart. Source: CMC
The coin has maintained relative stability, recently trading at just above $0.000028 and holding its position near the 21-day moving average (DMA). Positive sentiment remains high, bolstered by a bounce from the 50DMA earlier this week, suggesting that bullish momentum could persist.
Some of this optimism can be credited to broader developments in the United States, where the incoming Trump administration and Congress are likely to support cryptocurrency. This might bring regulatory certainty, benefiting the entire cryptocurrency industry, including meme coins like Shiba Inu.
Potential for Parabolic Growth?
Analysts and traders are speculating about Shiba Inu’s potential for a parabolic rally. A prominent crypto trader, Astekz, recently highlighted SHIB’s “parabolic potential” based on its chart movements.

Similarly, another analyst, CryptoBull, predicted a probable breakout from a long-term downturn that began in the 2021 highs. Shiba Inu’s healthy environment is essential to these optimistic predictions. The token is integrated with a variety of utilities, including decentralized finance (DeFi) applications and NFT platforms, which provide real-world value to the SHIB token.
How High Could Shiba Inu Soar?
Exponential growth for SHIB is possible if it breaks over its previous all-time high of $0.000090 and enters price discovery. According to Fibonacci retracement research, SHIB’s market capitalization might rise by ten times from its current price, surpassing $150 billion. Although these figures might appear lofty, supporters contend that they are doable in the event that Bitcoin hits $200,000, which would increase its market value to roughly $4 trillion. Given its dominance in the meme currency category, many people think it believable that Shiba Inu’s market capitalization would only be 4% of Bitcoin’s under such circumstances.

SHIB PRICE PREDICTION – 2025
Analyst Platform2025 Peak SHIB Price Prediction% Increase Over Current PriceBitget$0.0000366630.28%Binance$0.000030006.61%Changelly$0.00006684137.53%CoinCodex$0.00005999113.20%Benzinga$0.0000441056.72%Average Prediction$0.0000477269.67%
While the optimism sounds good, most platforms are predicting a much more conservative SHIB Price in 2025. Changelly is the most optimistic with a 137% SHIB price prediction increase in 2025, while Binance is predicting only a 6.61% increase over the current price.
$SHIB

#MarketMajorComeback #RLUSDApprovalBoostXRP #BTCReclaims101K

🔥 Shiba Inu ($SHIB ) has captured the hearts of millions, but can it truly hit $1 or even $0.01? Let’s dive into the facts and uncover what’s possible and what’s not.

1️⃣ Could SHIB Hit $1? 🚀

Sadly, the dream of SHIB reaching $1 is nearly impossible. Here’s why:

• 🌍 Insane Market Cap:

With a circulating supply of 589 trillion tokens, SHIB would need a market cap of $589 trillion to hit $1. That’s more than the global economy!

• 🔥 Massive Token Burns Required:

Even burning 90% of SHIB’s supply would leave 58.9 trillion tokens, demanding a market cap of $58.9 trillion—still far beyond the crypto market’s capacity today.

2️⃣ Can $SHIB Realistically Hit $0.01? 💡

This target is more achievable, but still challenging.

• 📊 Market Cap at $0.01:

SHIB would need a $5.89 trillion market cap to reach $0.01, assuming no further burns. While high, this is closer to the total crypto market cap during a bull run.

• 🔥 Token Burns Are Critical:

To lower the market cap requirement, consistent burns—through mechanisms like Shibarium and community initiatives—are essential.

What Will Drive $SHIB’s Future Price? 🛠️

1. 🔥 Token Burns:

Reducing supply by billions or trillions of tokens will be key to increasing scarcity.

2. ⚙️ Real-World Utility:

$SHIB’s ecosystem must thrive. Projects like Shibarium, DeFi integrations, NFTs, and the metaverse are crucial for long-term value.

3. 💬 Community Hype:

SHIB relies heavily on its passionate community. Continued engagement and excitement are vital for growth.

4. 📈 Crypto Market Trends:

A strong bull market could push SHIB closer to $0.01, but $1 remains out of reach without drastic changes.

🎯 Conclusion

• $1?

Almost impossible without groundbreaking global market changes.

• $0.01?

Possible in the long term with consistent token burns, increased adoption, and favorable market conditions. However, it’s still a tough climb without significant progress in these areas.

What’s your take? Can $SHIB achieve these ambitious targets? Drop your thoughts below and join the discussion! 🐕🔥
#MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M
#BinanceLaunchpoolVANA #BinanceListsVelodrome #shiba⚡