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Shiba Inu: How Many SHIB Were Burned in September? The burn rate of Shiba Inu fell in September compared to August, when developers launched the native Shibarium blockchain. According to Shibburn data, around 2.3 billion SHIB valued at $17,173 were burned last month across 426 transactions. That's down from the 5.7 billion SHIB worth $45,899 destroyed in August via 763 burns. Shibarium has yet to accelerate Shiba Inu burn rate. The numbers show the highly anticipated S hibarium launch has yet to accelerate the meme coin's burn rate, as some supporters predicted. Expectations were high that the dedicated network could fuel burns of upwards of 5 trillion SHIB per month. Shibarium officially went live in mid-August and aims to lower fees and speed transactions. But the layer-2 solution has gotten off to a slow start with limited adoption so far. For now, the lagging burn rate signals Shiba Inu's broader struggles to regain its once meteoric rise. The burn rate has also surged by 172% in the last 24 hours. During this period, 128 million SHIB were sent to dead wallets. October is kicking off with a positive start to the slumping burn rate in the month of September. While Shibarium represented a heralded milestone, realizing its potential requires patience and sustained growth. If activity eventually hits scale, parabolic burns could still be within reach. $SHIB

Shiba Inu: How Many SHIB Were Burned in

September?

The burn rate of Shiba Inu fell in September compared to August, when developers launched the native Shibarium blockchain.

According to Shibburn data, around 2.3 billion SHIB valued at $17,173 were burned last month across 426 transactions. That's down from the 5.7 billion SHIB worth $45,899 destroyed in August via 763 burns.

Shibarium has yet to accelerate Shiba Inu burn rate.

The numbers show the highly anticipated S hibarium launch has yet to accelerate the meme coin's burn rate, as some supporters predicted. Expectations were high that the dedicated network could fuel burns of upwards of 5 trillion SHIB per month.

Shibarium officially went live in mid-August and aims to lower fees and speed transactions. But the layer-2 solution has gotten off to a slow start with limited adoption so far.

For now, the lagging burn rate signals Shiba Inu's broader struggles to regain its once meteoric rise. The burn rate has also surged by 172% in the last 24 hours. During this period, 128 million SHIB were sent to dead wallets. October is kicking off with a positive start to the slumping burn rate in the month of September.

While Shibarium represented a heralded milestone, realizing its potential requires patience and sustained growth. If activity eventually hits scale, parabolic burns could still be within reach.

$SHIB

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Solana Blasts Past Resistance: Buckle Up For $330 Breakout - Analyst. Solana (SOL) is riding a wave of investor confidence, with its price steadily climbing towards uncharted territory. This bullish trend has analysts scrambling for their charts and telescopes, predicting a potential price explosion that could propel SOL to its all- time high (ATH) and beyond. However, amidst the excitement, some experts urge caution, reminding investors that cryptocurrency seas can be treacherous. Solana Sets Sail For Higher Ground. The past week has been a banner one for Solana. The price has surged nearly 20%, surpassing a key resistance level at $150 and finding support above it. This breakout is seen as a significant technical victory, indicating a shift in investor sentiment and potentially paving the way for further gains. Adding fuel to the fire are bullish pronouncements from prominent crypto analysts. Alex Clay, a well-respected figure in the space, has set his sights on a price target of $329 for SOL, citing a promising weekly chart structure and a recent consolidation period. Technical Tailwinds Fill The Sails. So what's driving this bullish sentiment? Technically, the successful breakout above resistance and the formation of a bullish chart pattern known as an "inverse head and shoulders" are positive signs. Additionally, Solana's strong fundamentals, including its reputation for fast transaction speeds and scalability, continue to attract investors. Uncharted Waters: Potential Storms On The Horizon. While the current outlook for Solana is bright, some experts advise investors to exercise caution. The cryptocurrency market remains highly volatile, and unforeseen events can quickly disrupt even the most meticulously charted course. The recent price increase has been impressive, but the 24-hour growth remains modest, suggesting a potential for short-term fluctuations.
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Can Pepe Coin Price Overcome Whale-Induced Setback? Key Support Levels in Focus. Pepe coin price saw a 195% rise, reaching a new high of $0.0000161 before dropping to $0.00000925 due to whale activity. Will the renewed supply pressure push the memecoin to $0.0000782? Contrary to the recent market movement, the Pepe coin price witnessed a notable outflow this week. The supply pressure from its previous all-time high resistance of $0.0000108 tumbled the asset by 18.8% to trade at $0.00000943. With the BTC a at $67000, the PEPE price wavers at the pivotal movement to resume the prevailing rally or enter a new correction. Whale Activity Contributes to PEPE Price Drop. The Pepe coin price has witnessed a steady recovery since last month under the influence of an ascending trendline in daily charts. This dynamic support uplifted the asset value from $0.00000393 to a new all-time high of $0.0000161, registering a 195% growth. According to on-chain data tracker Spot On Chain, a recent transaction by a PEPE whale has significantly impacted the token's price. Thirteen hours ago, a multisignature wallet identified as 0x1a2 deposited 457.9 billion PEPE tokens, worth approximately $4.54 million, to Binance. This move, interpreted as a stop-loss measure, contributed to a 6% price drop in PEPE. Spot On Chain notes that this particular whale has a track record of poor trading decisions. Over the past 15 days, the whale has lost $717,000 (approximately 4.69%) from two separate PEPE trades. Historically, the whale's transactions have often led to sharp price declines whenever large amounts of PEPE were moved. However, this frog-themed memecoin currently hovers above the aforementioned support trendline seeking to be suitable for renewed recovery momentum. Along with the Bitcoin price sustainability above $65000, If the PEPE managed to hold above the rising trendline, the buyers could lead the next recovery leap to $0.0000138, followed by $0.0000167. #MemeWatch2024
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Dogwifhat (WIF), PEPE and Other Meme Coins Eye Epic Dump Amid Market Chaos. Past week has been a roller-coaster ride for meme coins, with Dogwifhat (WIF) and PEPE taking center stage amid market chaos. WIF, a popular meme token on Solana, experienced a staggering 25% decline in value, plummeting from its weekly peak of $3.4. Similarly, another Solana-based meme coin, POPCAT, saw a substantial drop of 34%, reaching its lowest levels since mid-April. Meanwhile, the Ethereum-based PEPE token, which had soared to new heights earlier in the week, faced an 18.5% sell-off, shaking investor confidence. Against this grim backdrop, the crypto space began to be full of news and information about the actions of the largest holders of these cryptocurrencies that somehow influenced these price perturbations. Thus, Lookonchain's reports revealed a whale's strategic move to offload 1.7 million WIF at a loss, swapping them for other meme coins on Solana following the price dip. This action not only impacted WIF but also influenced the prices of other meme tokens, including BONK. Another whale incurred losses selling WIF and POPCAT. Spot On Chain's insights added another layer of intrigue, highlighting a multisign wallet depositing a substantial amount of PEPE to Binance in an attempt to stop losses, contributing to a 6% price drop. This whale's trading history suggests a pattern of contributing to sharp price fluctuations when trading PEPE. In the wake of these developments, meme coin investors are left with several questions. Will meme coins like WIF and PEPE be able to recover from these significant losses? What strategies will major token holders employ to navigate the current market volatility? #MemeWatch2024
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