Shiba Inu Burn Rate Soars 612% Overnight as 3.2M SHIB Removed From Supply

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SHIB

Shiba Inu (SHIB) is an Ethereum-based cryptocurrency that made its debut in August 2020, created by the mysterious and anonymous figure known as Ryoshi. When it started, it was birthed as a meme coin, borrowing a bit of Dogecoin’s playful spirit. But, SHIB has since carved out a more ambitious identity. While Bitcoin aims to be a store of value, and Ether powers decentralized apps, SHIB started off as a community-driven project but quickly expanded to embrace decentralized finance (DeFi), a layer-2 blockchain solution, and NFTs. SHIB doesn’t have its own independent chain. It operates as an ERC-20 token on Ethereum&#8217;s blockchain, leaning on the blockchain&#8217;s huge security and smart contract infrastructure. The token began with a super huge supply of one quadrillion, though a hefty chunk—over 410 trillion—was burned by Ethereum co-founder Vitalik Buterin, catching the eyes of the crypto space. How Does Shiba Inu Work? SHIB is part of a larger ecosystem that includes: ShibaSwap: A decentralized exchange (DEX) where SHIB holders can stake, swap, and earn rewards. BONE and LEASH: Two additional tokens that offer governance and staking perks. Shibarium: A layer-2 blockchain that aims to scale the network and reduce Ethereum gas fees. While it&#8217;s accurate that SHIB isn&#8217;t mined and operates as an ERC-20 token on the Ethereum blockchain, Ethereum transitioned from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism in September 2022 with the Ethereum 2.0 upgrade. Therefore, Ethereum&#8217;s PoS mechanism currently validates SHIB transactions, providing both security and decentralization. Shiba Inu vs. Other Cryptos Compared to Dogecoin (DOGE), which relies on proof-of-work (PoW) mining, SHIB’s foundation on Ethereum allows it to interact with DeFi apps. And unlike Bitcoin’s capped supply of 21 million coins, SHIB had a huge initial supply, but ongoing burns are slowly shrinking the total circulation. The Role of Blockchain in Shiba Inu Thanks to Ethereum, SHIB benefits from strong security and decentralization. Albeit, Ethereum&#8217;s notorious high gas fees have been a pain point, leading to the development of Shibarium, which promises to cut down on those costs. Investing in Shiba Inu Is Shiba Inu a Good Investment? Judging by past market behavior, SHIB is a high-risk coin. It updived by over 1,000,000% in 2021, but prices have been all over the place since then. If you&#8217;re thinking of throwing in funds, make sure you understand the volatility and adjust your expectations accordingly. Key Considerations: Volatility: SHIB’s price is a rollercoaster, so be ready for some ups and downs. Market Sentiment: The bearish mood right now could lead to short-term losses. Pros: A strong community (ShibaArmy), DeFi use cases, and an expanding ecosystem. Cons: Huge price swings, meme-coin status, and uncertain long-term utility. Investment Strategies &amp; Best Practices Long-Term Holding (HODL): For those who believe SHIB’s price could rise as adoption grows. Short-Term Trading: For risk-takers who want to capitalize on price swings (but it’s not for the faint-hearted). Staking &amp; Yield Farming: You can stake your SHIB on ShibaSwap for passive income. Long-Term vs. Short-Term Holding Long-Term Investment: Hold on to SHIB and hope for mass adoption down the road. Short-Term Trading: Expect volatility, but potential high-reward opportunities for experienced traders. Legal &amp; Regulatory Considerations SHIB operates in a bit of a grey area when it comes to regulations. It’s not classified as a security (yet), but new rules could pop up that might affect how it’s traded or taxed in the future. Keep an eye on regulatory changes if you plan to invest. How to Buy &amp; Trade Shiba Inu How to Buy Shiba Inu? Ready to invest? Here’s how to buy SHIB: Choose an exchange (Binance, Coinbase, Kraken, etc.). Set up your account and verify your identity. Deposit funds (via bank transfer, credit card, or even another crypto). Buy SHIB directly on the exchange. Store your SHIB safely in a wallet (more on that below). Best Exchanges to Trade Shiba Inu Binance: A top choice for liquidity and lots of trading pairs. Coinbase: Great for beginners with its simple, user-friendly interface. Kraken: Known for strong security features. Gemini Transaction Fees &amp; Trading Costs Fees vary depending on the exchange. Binance charges about 0.1% per trade, while Coinbase is a bit pricier. Don&#8217;t forget about Ethereum’s gas fees if you’re transferring SHIB to another wallet! Shiba Inu Wallets &amp; Security Best Wallets for Shiba Inu Hot Wallets (Online): MetaMask, Trust Wallet (convenient but less secure). Cold Wallets (Offline): Ledger, Trezor (best for long-term storage and security). How to Secure Your Shiba Inu Holdings Use 2FA (Two-Factor Authentication) on exchange accounts. Store large holdings in cold wallets. Be wary of phishing scams—always verify URLs before connecting your wallet. Custodial vs. Non-Custodial Wallets Custodial wallets (like exchange wallets) manage your private keys for you. Non-custodial wallets give you full control of your assets. Shiba Inu Adoption &amp; Use Cases Key Partnerships &amp; Integrations ShibaSwap: The DEX that allows for staking and liquidity provision. BitPay: Some businesses now accept SHIB payments. Shibarium: The layer-2 network that helps scale the ecosystem and lower fees. Adoption in Global Markets SHIB has made some headway in the real world, with certain merchants and crypto platforms accepting it. Plus, NFTs like Shiboshis are part of the growing market. This statement is accurate. On February 4, 2025, the UAE&#8217;s Ministry of Energy and Infrastructure (MoEI) announced a partnership with Shiba Inu to advance digital transformation by integrating blockchain solutions across public services, aiming to enhance transparency and efficiency. Innovations in the Ecosystem Shibarium aims to bring more efficiency to the network, cutting down gas fees. The DeFi ecosystem is expanding, and decentralized apps (dApps) are being built within this space. Final Thoughts on Shiba Inu (SHIB) Future Outlook &amp; Growth Potential The future of SHIB depends on a few things: Adoption and real-world utility. The success of Shibarium in reducing transaction costs. Ongoing community engagement. Pros &amp; Cons of Investing in Shiba Inu Pros: A dedicated and passionate community (ShibaArmy). Ecosystem growth with DeFi and NFTs. Potential for gains during bullish market trends. Cons: Volatility and unpredictable price moves. Meme-coin status could hinder long-term utility. Dependence on Ethereum’s network for transactions. Community &amp; Developer Support The Shiba Inu community is massive and growing, with active development on projects like ShibaSwap, Shibarium, and the NFT space. Is Now the Right Time to Invest in Shiba Inu? The current sentiment in the Shiba Inu market leans bearish, with indicators suggesting a potential decline in price over the coming months. Market conditions reflect heightened caution, as fear levels remain significantly elevated. Despite the downturn, there are still opportunities for short-term gains. Cryptocurrency price predictions vary widely, with some sources forecasting notable growth while others project more modest increases. Given this unpredictability, it’s crucial to approach such forecasts with skepticism—crypto markets are notorious for their volatility, making precise timing a challenge, especially for less experienced investors. Looking further ahead, price estimates for SHIB indicate a broad range of potential outcomes. While some projections suggest substantial returns in the future, it’s important to remember that these figures are speculative, and the market can shift rapidly in either direction. For those who believe in the long-term prospects of the Shiba Inu ecosystem, including developments in blockchain technology and decentralized finance, there may be growth potential. However, as with any crypto investment, uncertainty remains a key factor. So, is now the right time to invest? That depends on your risk tolerance. If you’re new to the space or prefer lower-risk investments, waiting for more stable conditions may be wise. On the other hand, if you have a high-risk appetite and a strong belief in SHIB’s future, there could be opportunities—just be prepared for the inherent volatility of the market. Whether considering an entry point or expanding an existing position, it’s essential to stay informed, manage risk carefully, and be ready for market fluctuations. Crypto investing requires patience, strategy, and an understanding of the unpredictable nature of digital assets. FAQs 1. What is Shiba Inu? Shiba Inu is an Ethereum-based cryptocurrency that started as a meme coin but has expanded to include DeFi and NFTs. 2. How does Shiba Inu work? SHIB operates on Ethereum’s blockchain and uses a decentralized exchange (ShibaSwap) and a layer-2 blockchain (Shibarium). 3. Is Shiba Inu a good investment? SHIB has high volatility, with potential for big swings, so it’s a high-risk investment. 4. How can I invest in Shiba Inu? Buy SHIB on exchanges like Binance, Coinbase, and Kraken, then store it in a secure wallet. 5. Where can I trade Shiba Inu? You can trade SHIB on Binance, Coinbase, Kraken, and Gemini. 6. How do Shiba Inu transaction fees work? Fees vary by exchange, and Ethereum’s gas fees also apply when transferring SHIB. 7. What are the best wallets for Shiba Inu? MetaMask and Trust Wallet are popular hot wallets, while Ledger and Trezor are cold wallets for better security. 8. What is Shiba Inu’s future potential? SHIB’s future depends on adoption, Shibarium’s success, and ongoing community support. 9. What are the risks of investing in Shiba Inu? Risks include high volatility, meme-coin status, and reliance on Ethereum for transactions. 10. Is now the right time to invest in Shiba Inu? The market is currently bearish, so caution is advised, but there may be opportunities for high-risk investors. SHIB Price Prediction SHIB News

Victor Muriki

Victor Muriki is an esteemed writer focused on cryptocurrency and finance, holding a Bachelor's in Actuarial Science. Known for his sharp analysis and insightful content, he has a strong command of English and is skilled at conducting in-depth research and ensuring timely delivery.

Shiba Inu burn rate jumps 612%, removing 3.2M SHIB, while ShibOS launch introduces 36 blockchain use cases.

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Shiba Inu's burn rate surged by 612%, removing over 3.2 million SHIB from circulation overnight.

What is Shiba Inu’s current burn rate?

ShibOS is a blockchain-based operating system with 36 chambers for building decentralized applications (dApps).

What is ShibOS?

Shiba Inu (SHIB) is priced at $0.00001994, with a market cap of $11.74 billion.

What is Shiba Inu’s current price?

Whale Buys $2.9M AI16Z as Futures Open Interest Hits $195M – What’s Next?

Solana is one of the cryptocurrencies designed to work similar to Ethereum which hosts decentralized and scalable applications. It is an open-source network initially proposed by Anatoly Yakovenko in the year 2017. Later, in March 2020, San Francisco-based Solana Labs officially launched Solana as one of the digital assets in the crypto market. How Does Solana Work? Based on current market sentiment, today, Solana has set its stage in the crypto world, ranking as the 11th largest crypto coin in market capitalization. As a beginner, you might be wondering how Solana works. Here we go. Every blockchain functions in its unique way, and Solana is no exception. This unique blockchain can be operated on a decentralized computer network, which aims to manage databases, track the currency, and effectively record each transaction to verify the data&#8217;s integrity. Without any intermediaries, this decentralized network calls itself the fastest blockchain in the crypto world as it verifies over 65000 transactions per second at low-cost fees.  Solana Vs. Ethereum As Solana was designed to work similarly to Ethereum, this rapidly evolving crypto asset is frequently known as Ethereum killer. Ethereum, the king of the Smart contract platforms, has dominated the decentralized application (dApp) for several years. However, after Solana&#8217;s emergence, market participants suspect SOL as a formidable competitor of ETH. Because Solana boasts multiple speedy transactions per second, Ethereum&#8217;s Proof-of-Work mechanism limits its capacity to around 15 transactions per second. SOL Vs. ETH Technical Perspectives Solana employs Proof-of-Stake (PoS) and Proof-of-History (PoH) mechanisms.  Ethereum employs a Proof-of-Stake mechanism, which makes ETH expensive. This PoS mechanism allows users to create and build decentralized applications by leveraging smart contracts.  Solana&#8217;s Technology The heart of Solana is its innovative blockchain technology, built with a blend of delegates&#8217; Proof-of-Stake and Proof-of-History consensus mechanisms. Solana uses these consensus models to remove the performance bottlenecks caused by blockchain software, making the Solana ecosystem more scalable, secure, and decentralized.  PoS &#8211; This consensus model allows validators to verify transactions PoH &#8211; This consensus model permits the verified transactions to be time-stamped, contributing to speedy performance.  Is Solana a Good Investment in 2025? As you have gained basic knowledge of Solana, you might be puzzled whether Solana is a good investment. Right? Undoubtedly, Solana is one of the fast-growing ecosystems offering incredible speedy transactions at low-cost fees. Experts predict that Solana prices could grow consistently and hover around $750 by the end of 2025. Hence, investing in Solana&#8217;s (SOL) has strong potential growth in the future. Like other digital assets, Solana has its riskiness. From centralization concerns to crypto regulatory challenges, several causes could affect its progress. Always be sure to accept the riskiness involved in any asset before investing. Solana&#8217;s Investment Strategies Are you planning to invest in Solana? Then, a sound investment strategy is crucial. Here are a few essential factors you should consider before investing in SOL.  Deep Market Research: The foremost thing you should do is do deep research to understand Solana&#8217;s blockchain, market sentiment, and potential risks and rewards  Set Funding Goal: Determine the fund you are ready to afford your losses. Diversify Crypto Portfolio: To mitigate risks, it is always a good idea to invest in different assets instead of a single token. Dollar-Cost Averaging: Traders should invest a fixed price regularly. Because this strategy might help you navigate during market volatility.   Secure Wallet: Use a reputable wallet to store your assets and prevent them from being hacked.  Solana&#8217;s Legal and Regulatory Consideration 2025 On March 02, 2025, US President Donald Trump announced the creation of a &#8220;Strategic Crypto Reserve&#8221; for the top-leading tokens like Solana. Further, on February 28, 2025, CME Group unveiled that they plan to roll out future contracts on the Solana network on March 17. If the US Securities and Exchange Commission approves this regulatory framework, Solana could reach a new high in the upcoming days. How to Buy and Trade Solana? In recent market volatility, Solana has rapidly gained popularity among traders as it leads the blockchain platform in the crypto world with high-speed and low-cost transactions. Hence, many newbies and long-term traders are looking to invest in it. So, do we buy or trade Solana&#8217;s SOL? Let&#8217;s delve into finding the best way to invest and trade SOL. How to Buy Solana? To buy Solana, it is essential to sign up for a reputable account on the regulated crypto exchange and fund it to buy Solana&#8217;s SOL. Some of the conventional platforms to purchase Solana are: Robinhood Revolut eToro Binance Jupiter Orca How to Trade Solana?  The first step to trading Solana is to create an account on a secure Solana wallet on Phantom, Sollet, and more. These types of wallets allow traders to send, receive, and store your crypto assets more safely. The next step is connecting it with DEX and start trading. Best Exchanges to Trade Solana There are two types of exchanges available on the market for trading: Centralized and Decentralized exchanges.  Centralized Exchanges Don&#8217;t have a Solana Wallet yet? The best places to buy and sell SOL on the centralized exchanges are: Binance Coinbase Kraken Robinhood Revolut  eToro Decentralized Exchanges Some of the decentralized crypto wallets that traders can use to buy and sell Solana are: Raydium Orca Jupiter  Solana&#8217;s Transaction Fees Upon Trading One of the most significant aspects that attracts investors&#8217; attention to Solana is its low transaction fees. On average, a single SOL transaction costs about $0.00025. Who pays the transaction fees? Traders who initiate a SOL transaction should pay the transaction fees. Solana Wallets and Security Choosing the best Solana Wallet is always essential when looking to securely manage the SOL tokens engaged with the Solana ecosystem. With Software or Hot wallets, users can store their private keys and seed phrases online to prevent security risks like hacking and unauthorized access. On the other hand, some traders and crypto investors prioritize self-custody or hardware wallets to generate private keys in secure chips and store them offline, ensuring secure asset management. Some of the Hardware wallets that support Solana SOL are: Ledger Flex  Ledger Stax Ledger Nano S Plus Trezor Tangem Some of the Software Wallets that support Solana SOL are: Phantom Exodus Solflare MetaMask Atomic How to Secure Solana Holdings? Every investor seeks to secure the crypto assets in their wallet to avoid getting drained by hackers. How? Choose the Wallet type: Browser, Mobile, Desktop, or Hardware. Get the respective wallet form from the official source. Create a wallet account with the Solana wallet address. Back up your Private key and seed phrases. Fund the wallet. Start purchasing and trading SOL. Solana Adoption and Use Cases Solana is used by various decentralized applications (dApps) across multiple web3 sectors. Furthermore, Solana&#8217;s SOL is becoming more potent in the NFT market, enabling efficient minting and sales of digital arts. As the gaming industry is the next-generation digital economy, many gamers look for speedy, scalable, and secure infrastructure in the online world. With high speed and scalability, Solana supports decentralized gamings built on its blockchain network.  Solana&#8217;s Future Outlook and Potential Growth Based on the Solana price analysis, Solana&#8217;s current market activity projects a bearish sentiment in the marketplace. But that&#8217;s not a red flag for its future potential. As of now, Solana is attempting to swing upside to break the key resistance. If it succeeds in its attempt, Solana could encounter bullish momentum and reach a new high in the upcoming days.  Pros and Cons of Investing in Solana Pros Scalability Low transaction fees Fast transaction fees Rapid economic growth Cons Complexity Security risks Network outages Legal and regulatory concerns Final Thoughts  Whether you are a skilled professional or a beginner at Solana, this detailed outlook might have provided valuable insights. Based on today&#8217;s market analysis, Solana is projecting a bearish momentum. But if it breaks the key resistance and climbs upward, SOL could encounter an upward price trajectory that leads to a new high. Keep monitoring the key levels to find its next move and invest accordingly. Since the crypto investment involves risks of losing your fund, we suggest doing a market analysis with technical indicators on the daily chart to determine the right time to invest in Solana.  FAQs 1. What is Solana? Solana is one of the open-source blockchains which hosts decentralized applications (dApps), scalable smart contracts, and non-fungible tokens (NFTs).  2. What is the Consensus mechanism? A consensus mechanism is a system of nodes which is programmed to achieve distributed agreements, trust, and security across decentralized computer networks. In the blockchain network, the Consensus mechanism validates transactions and builds trust among traders.  3. What consensus does Solana use? Solana employs a Proof-of-Stake consensus algorithm with a unique Proof-of-History feature. It enables fast, cost-effective, high-throughput transactions with low latency within the ecosystem.  4. What is Proof-of-History Protocol? Proof-of-history is a cryptographic protocol that creates a historical record to prove the existence of data at a specific time frame.  5. How fast are Solana Transactions? Compared to other blockchains, Solana is one of the fastest blockchains in the crypto world. With its consensus algorithm, this unique blockchain can handle 65000 transactions per second.  6. What is the role of SOL in the Solana Ecosystem? The native cryptocurrency of Solana is SOL. Primarily, SOL can be used in the Solana Ecosystem for the major reasons like  Multiple transactions Secure Staking Participating in Governance decisions.  7. Can Solana&#8217;s SOL be used to buy NFTs Yes. Solana&#8217;s SOL supports users in buying and creating non-fungible tokens (NFTs). You can purchase NFTs as follows Buy SOL on a reputable crypto exchange, like Binance or Coinbase Transfer SOL to a wallet that&#8217;s compatible with Solana Network Navigate to the Solana NFT marketplace Purchase the NFTs 8. What is the use of Solana in real life? Solana can be ideal for real-time allocations like: Games Financial Services Creating Decentralized Autonomous Organizations  9. Can Solana be used for cross-border payments? Obviously, Yes. Since Solana&#8217;s blockchain offers high-speed and charges low transaction fees, Solana is one of the suitable networks for accessing cross-border payments.  10. Which Wallets support Solana? Solana&#8217;s SOL can be exchanged, staked, and stored in the Wallets like: Desktop Wallets, Mobile Wallets, and Hardware Wallets. Some of the most trustable wallets are: Ledger Phantom  Solfare Trust Wallet  Nano X SOL Price Prediction SOL News

A whale buys $2.9M in AI16Z tokens as price rises 12.45%; futures OI hits $195M amid market activity.

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What is AI16Z’s current price?

The whale purchased 2.25 million AI16Z tokens for $2.9 million.

How much AI16Z did the whale buy?

AI16Z has a circulating supply of 1.1 billion tokens.

What is AI16Z’s circulating supply?

Why is Crypto Falling? Key Insights and 5 Coins Ready to Explode in the Next Crypto Bull Run!

AurealOne

Wilfred Michael

Aureal One is one of the top altcoins set to boom in the next crypto bull run with massive gains. It is an advanced user-friendly

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Sui (SUI) Price Predictions, 2025, 2026-2030: Bold 225% Price Targets and Market Momentum in 2025 Revealed!

Ayanfe Fakunle

Ayanfe Fakunle is an expert content writer, journalist, and editor at the intersection of crypto, finance, and web3. His mission is to make crypto accessible, engaging, and exciting for everyone.

Sui Price predictions for 2025 suggest big moves. Analysts see a high of $7.01 if the market stays bullish, with a potential low of $3.84.

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Sui Crypto is currently trading at $4.62.

1. What is the current price of Sui Crypto?

Sui could reach as high as $7.01 or as low as $3.84, with an average of $5.42.

2. What is the price prediction for Sui Crypto in 2025?

Sui’s price might rise by 225%, reaching $14.96.

3. How much could Sui grow by February 2025?

STEPN (GMT) Price Action, Dec. 27: Bullish Signs for GMT; Could This Move-to-Earn Token Arrive $1 Soon?

STEPN

Right now, STEPN (GMT) is priced at $0.209135, CMC data shows, with a jaw-dropping $2.80 billion in 24-hour trading volume.

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Aureal One Review – Is Aureal One the Future of Crypto Gaming and Ready for Explosive Growth?

Aureal One is packed with features that will take blockchain gaming to the next level. Below are some of the highlights that

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Massive 20,000% Gains? 5 Meme Coins to Watch in the Next Memecoin Bull Run

DexBoss

With the next memecoin bull run looking only to explode, projects like DexBoss, Aureal One, yPredict, SafeMoon, and Akita Inu

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With the cryptocurrency market booming, 2025 looks promising, with exciting opportunities for crypto investors. If you are one of the investors searching for the next crypto to explode, here is a list. Here are the top 5 coins with the ability to bring maximum return on investment. Among these projects, Aureal One (DLUME) stands out ... Read more

2025 Crypto Review: The Next Crypto to Explode – 5 Coins You Need to Watch

Next Crypto to Explode: Shiba Inu (SHIB) at $0.0002 — Top 5 Picks Before 2025

With the continuous growth of the cryptocurrency market, finding the next crypto to explode can mean huge returns on investment. Shiba Inu (SHIB) is climbing fast, aiming for $0.0002. But there are other exciting tokens, with more profit potential to watch. The 5 picks on our list offer promising opportunities before 2025. We chose these ... Read more

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Top Altcoins For Next Bull Run: Unlock 500X Returns in the Next 45 Days

In the emerging crypto world, crypto enthusiasts and investors always look for the next big crypto to boom with massive gains. Every day, many altcoins are joining the crypto world. Hence, picking the right altcoin that could explode in the next crypto bull run might be a hectic task. Don’t be stressed. In this article, ... Read more

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