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Crypto

Shiba Inu burn rate jumps 5,223 percent in a day, raising questions over rally

Shiba Inu\'s 24-hour burn rate surged 5,223.98 percent, permanently burning 412,190,021 tokens. U.Today reported the token rose 27.14 percent over the day, with an intraday gain of up to 36 percent. The seven-day burn rate climbed 816.02 percent, removing 457,511,537 tokens from circulation. Some analysis said the price move is more closely tied to increased spot trading activity, with volume rising to $700 million.

Crypto

Shiba Inu lead ambassador Shytoshi Kusama silent for 74 days, community watches for update

Shiba Inu (SHIB) lead ambassador Shytoshi Kusama has halted social media activity for more than 70 days, prompting community attention on his next steps. Kusama has not posted or reacted on X since May 13, extending his silence to 74 days. The pause follows earlier periods of reduced activity, though no evidence confirms an imminent announcement. SHIB token burns continue, with Shibburn reporting 7.15 million burned in 24 hours and Robinhood leading monthly burns.

Crypto

Shiba Inu nears return to top 30 by market cap as 74.2 billion SHIB leaves exchanges

Shiba Inu (SHIB) is close to re-entering the top 30 cryptocurrencies by market capitalisation after large net outflows from centralised exchanges. It has recovered to No. 31 after slipping during a broader market downturn. At the time of writing, SHIB was priced at $0.000004230 with a market value of about $2.49 billion, around $20 million behind No. 30 Tether Gold. CryptoQuant data showed 74.2 billion SHIB in net outflows over 24 hours.