The post Shiba Inu Burns 117 Million SHIB in Largest Single-Day Destruction in Six Months appeared on BitcoinEthereumNews.com.
SHIB News Shiba Inu’s community permanently removed more than 117 million SHIB tokens from circulation on July 8, the largest single-day burn recorded in six months. On-chain data shows the tokens were routed to a dead wallet, a one-way address from which they can never be recovered. A single wallet tied to Robinhood led the activity, torching over 109 million SHIB in one transaction, with smaller wallets contributing the remainder through the session. The spike briefly revived the project’s deflationary narrative, yet it landed against a backdrop of broad altcoin fatigue. For holders of Shiba Inu, the burn underscored how community-driven supply cuts continue even when price momentum stalls. Despite the deflationary headline, SHIB has slipped close to 9% over the past month, holding a narrow trading band even after a modest weekly gain. Our reading of the tape
The post Did Ansem Buy Cash Cat (CASHCAT)? $233,000 Wallet Move Raises Questions appeared on BitcoinEthereumNews.com.
A wallet named Ansem-2 spent $233,000 to buy 2.79 million Cash Cat (CASHCAT) tokens within three hours. On-chain data links the wallet to a Solana address tied to trader Ansem (@blknoiz06). The Solana address, CLM6E4zpTviEC77nWKogpVLQoXx9tgoQCYJ8NibxKg1Q, holds 10.5 million The Black Bull (ANSEM) tokens. It has generated roughly $2.6 million in past ANSEM profits. Ansem has not confirmed any link to the purchase. A Fast, Targeted CASHCAT Buy Blockchain analytics firm Lookonchain flagged the transaction on July 8. The wallet, labeled “Ansem-2” and starting with 0x6f5b, moved quickly, accumulating 2.79 million CASHCAT tokens in under three hours. Did Ansem(@blknoiz06) buy $CASHCAT? A wallet (0x6f5b) named “Ansem-2” spent $233K to buy 2.79M $CASHCAT over the past 3 hours. The wallet is linked to the Solana wallet CLM6E4, which currently holds 10.5M $ANSEM ($2.7M) and has m
The post Shiba Inu Records Highest Daily Burn Rate Since November 2025 appeared on BitcoinEthereumNews.com.
117.54 million SHIB exit circulation in a day SHIB burn rate hits 8-month high Shiba Inu has just witnessed a historic surge in its network activity as its burn rate has jumped to levels not seen since this year began. With the Shiba Inu burn rate being consistently modest for most days of 2026, the dramatic surge in the metric seen in the last day has caught the attention of the crypto community, especially market analysts. 117.54 million SHIB exit circulation in a day The last 24 hours have seen Shiba Inu destroy the highest number of tokens it has ever destroyed this year, as data provided by Shibburn shows a rare four-digit surge in the metric in such a short period. Ripple-Operated Rail Dropped by Major Software Company XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet The data showed that about 117,540,000 SHIB worth
The post Shiba Inu Price Prediction: Can Robinhood’s 109M SHIB Burn Break the Triangle Before It Breaks Down appeared on BitcoinEthereumNews.com.
Robinhood burned over 109 million SHIB in one transaction, the largest single burn in recent weeks The 24-hour SHIB burn rate jumped 3,096% with the 7-day rate up 680% SHIB is compressing inside a descending triangle with all EMAs above price Shiba Inu trades at $0.00000429 on July 8, down 2.05%, as an unprecedented Robinhood-driven burn spike hits the blockchain while the chart shows price trapped inside a tightening triangle. Is SHIB Approaching A Breakout Or Breakdown From Its Triangle? SHIB 1D Price Action (Source: TradingView) The daily chart shows SHIB inside a descending triangle that has been forming since May, with lower highs pressing against a flat support line near $0.0000040-$0.0000042. The Bollinger Bands have tightened sharply, with the upper band at $0.00000475 and the lower band at $0.00000404, one of the most compressed read
The post Robinhood Earn + Morpho: Can 7% USDG Boost HOOD? appeared on BitcoinEthereumNews.com.
Robinhood just turned on its own blockchain and a new on-chain yield product, and the market noticed. The pitch is simple: park USDG, see roughly 7 percent APY, all without leaving the app. The question everyone is asking is less simple. Does this move the stock or just make good headlines? On July 1, Robinhood launched Robinhood Chain and introduced Robinhood Earn, a decentralized lending product with an estimated ~7 percent APY on USDG deposits according to company statements and reporting by CoinDesk. The engine under the hood is Morpho, a major DeFi lending protocol, with a curated vault designed by Steakhouse Financial, per Morpho’s announcement on launch day Morpho (official blog / press release). USDG, the stablecoin from Paxos’s Global Dollar Network, is now live on Robinhood Chain and set as the default asset for Earn flows, as the issuer confirmed in its own release Global Dollar Ne
Dogecoin usually lives and dies by sentiment, but whale behaviour gives traders something a little more tangible to work with. On-chain data showing large DOGE wallets adding during a correction suggests some bigger hold
Dogecoin usually lives and dies by sentiment, but whale behaviour gives traders something a little more tangible to work with. On-chain data showing large DOGE wallets adding during a correction suggests some bigger hold
