The second biggest meme coin by market capitalization, Shiba Inu (SHIB), has surged by a minor 1.08% in the last 24 hours. With a market cap of just above $4.55 billion, $SHIB is trading at $0.000005 at the time of writing.
The meme coin is currently following the “quiet accumulation” approach according to the 1-hour chart, forming a slightly slanted ascending triangle pattern. Sustaining the current momentum could push the SHIB price past the $0.000008 level, which is a strong resistance point, since the meme coin has failed to move beyond it before.$BONK
The current bullish sentiment is attributed to 29 million SHIB disappearing from exchanges within 24 hours. CryptoQuant also shows that there has been a mild increase in the number of active addresses holding Shiba Inu compared to January 26.$PEPE
SHIBA INU BURN RATE SKYROCKETS BY OVER 2,800% in Just 24 HOURS:🔥
Shiba Inu’s ecosystem has seen a dramatic spike in its token burn activity. In the past 24 hours, the burn rate for SHIB has surged by a staggering 2,807%. Such a dramatic rise resulted in the burning of over 18.8 million SHIB tokens, which reduced the amount of circulating supply.$SHIB
The total supply of Shiba Inu, as of the most recent upgrade, totals slightly less than 1 quadrillion tokens. More than 410 trillion tokens have been burned permanently. The total supply is at about 589.2 trillion tokens, and about 585.4 trillion is still in circulation.$BONK
Also, the quantity of staked SHIB, which is registered as xSHIB, is about 3.8 trillion tokens. Such figures have indicated that the community is still dedicated to suppressing the supply and raising scarcity in an effort to achieve growth in value in the long-term. $PEPE
U.S DOLLAR is dumping hard since the FED rate checks and YEN INTERVENTION rumors started.$BTC
IMF has also confirmed that it is now stress testing scenarios where there is a rapid sell-off of U.S. dollar assets. $PEPE
Kristalina Georgieva said the IMF is modeling even "UNTHINKABLE" events, including a fast exit from the dollar, because global financial risks and policy uncertainty are rising.$BONK
This means the IMF is officially treating stress in the dollar as a real global risk. They are preparing for what happens if trust in the dollar drops suddenly.
With this, the dollar will get weaker and asset owners will be the biggest winners.
$BTC Americký BITCOIN zvýšil svou celkovou rezervu Bitcoin na ~5,843 BTC a dosáhl výnosu BTC ~116% od svého debutu na Nasdaq 3. září $BNB 2025 až do 25. ledna 2026.$NEIRO
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