Shiba Inu Records Highest Daily Burn Rate Since November 2025

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 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 Crucial SHIB Ecosystem Update Goes Out to Shiba Inu Community: Reason appeared on BitcoinEthereumNews.com. A crucial Shiba Inu ecosystem update has been issued to the SHIB community as Mazrael, a Shiba Inu community veteran, issued a fresh reminder regarding legacy domains that are no longer maintained by the project. In a recent post, Mazrael shared a reminder to Shiba Inu users that legacy domains have been decommissioned and that Shib.io is the primary portal to the Shiba ecosystem, ShibaSwap and Shibarium, urging them to stay safu, a slang term used in the crypto market for “safe” or “secure.” This information also applies to the domain of ShibTheMetaverse, a virtual world backed by the Shiba Inu ecosystem, with Mazrael sharing this in a separate X post. In a heads-up to the Shiba Inu community, Mazrael shared that the ShibTheMetaverse domain is no longer owned or managed by the Shib wizards and may be purchased or used by a third party. You Might Also Like The warning by

The post SHIB Burn Rate Hits 6-Month High: Will Shiba Inu Price React? appeared on BitcoinEthereumNews.com. Shiba Inu’s community destroyed more than 117 million SHIB tokens on July 8, marking the largest single-day burn in six months. The deflationary spike, tracked by Shibburn, sent the tokens to a dead wallet, permanently removing them from circulation. The token has slipped nearly 9% over the past month even after a modest weekly gain. The asset has spent recent sessions confined to a narrow band, showing little sign of a breakout in either direction. That range has held even as burn headlines circulated across social media. SHIB Price Performance. Source: BeInCrypto Markets SHIB Burn Rate Jumps While Price Barely Moves A wallet linked to Robinhood led the day’s burn activity, torching over 109 million SHIB tokens in a single transaction, Shibburn data shows. Several smaller wallets contributed the remainder throughout the day. Despite the spike, Shiba Inu’s total supply destroyed

The post Shiba Inu Completes Short-Term Golden Cross: Is $SHIB Ready to Rally? appeared on BitcoinEthereumNews.com. Shiba Inu has completed a short-term golden cross on its 2-hour chart with the MA 50 crossing above the MA 200. The signal follows July 4 rebound as SHIB hit $0.00000458, and bulls eye a decisive break to $0.000005. This raises questions about potential short-term momentum and if traders should monitor SHIB closely. Shiba Inu (SHIB) has completed a short-term golden cross on its 2-hour (2H) chart after the 50-period moving average (MA50) crossed above the 200-period moving average (MA200), signaling a potential bullish momentum shift. The technical pattern follows last week’s rebound, which pushed SHIB to $0.00000458, putting the meme coin back on traders’ watchlists.  Shiba Inu Completes Short-Term Golden Cross on its 2-Hour Chart  SHIB has formed a short-term golden cross on its 2H chart, with its MA50 crossing above its MA200. This classic bullish technical signal ofte

The post XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet appeared on BitcoinEthereumNews.com. Shiba Inu is still under a lot of pressure even though it appears to be stabilizing close to local lows. The meme coin is currently trading at about $0.0000044 after going through a protracted bearish trend for a few weeks, which has largely eliminated the recovery momentum that was observed earlier this year.  For SHIB bulls, the daily chart presents a challenging picture. After supporting price action in March, April, and May, the asset recently broke out of a rising channel. Sellers swiftly regained control after that structure failed, pushing SHIB in the direction of its current range. Even though the token saw a slight increase in value in June, there wasn’t enough volume in the recovery to overcome significant resistance levels.  SHIB/USDT Chart by TradingView From a technical standpoint, SHIB is still below the 50-, 100-, and 2

The post SHIB Price Prediction: Bears Are Tightening the Grip — Watch the RSI Flush Before Loading Any Position appeared on BitcoinEthereumNews.com. Darius Baruo Jul 07, 2026 08:56 With RSI slipping toward the low-40s, MACD locked in bearish territory, and Binance spot volume barely clearing $4 million in 24 hours, SHIB looks like dead money in the short run — but a capitulat… The Immediate Setup The tape on SHIB right now is telling a quiet but consistent story: momentum is draining, and buyers have quietly left the building. RSI at 38.55 hasn’t yet hit oversold territory, but it’s close enough to hear the door creak. The asset is in that dangerous no-man’s land — not oversold enough to attract contrarian longs, not strong enough to attract momentum chasers. That’s how slow bleeds start. There’s one technical wrinkle worth noting before writing this off entirely: Stochastic %K at 58.18 has crossed above %D at 46.55, which in a vacuum would suggest short-term bullish

The post Shiba Inu Price Prediction 2026: SHIB At $0.00004360, Asleep appeared on BitcoinEthereumNews.com. Let me tell you about the quietest room in crypto this week. Ethereum ran 11.7%. Solana ran 10%. PEPE, the noisy neighbor, jumped 15.67%. And Shiba Inu, once the loudest token on the planet, moved 2.92% and barely anyone mentioned it. Silence like that is never neutral. It is either a graveyard or a loaded spring, and the difference is worth understanding before you touch the chart. SHIB trades at $0.00004360 as of July 7, 2026, up 0.63% on the day, per CoinGecko. Market cap sits at $2.56 billion, still comfortably the second largest meme coin behind Dogecoin. So far, so ordinary. The interesting part is what is not happening. The Unique Angle: a $2.5 billion coin trading like a ghost town Here is the number nobody puts in a headline. SHIB’s 24-hour volume is $73.9 million. Against a $2.56 billion market cap, that is a turnover of about 2.9%. Now walk one floor down the meme build