SHIB on the Rise: 3 Trillion Burn Moves Market While Competitors Retreat

The cryptocurrency market experiences a mixed scenario during this period, with Shiba Inu (SHIB) showing significant gains after a burn of shiba inu today of 3 trillion tokens. The supply reduction pushed the price to $0.000012 per unit, resulting in a 20% appreciation amid market fluctuations.

The Impact of the Burn on the SHIB Ecosystem

This token destruction marked an important step in the project’s deflationary model. With this burn of shiba inu today, the circulating supply was reduced to 399.7 trillion units, reinforcing the scarcity strategy that underpins the project’s long-term proposition.

However, industry experts raise important questions about the sustainability of this rise. Analysts point out that the limited utility of SHIB could become a significant obstacle to its widespread adoption. The price gain, although impressive, needs to be anchored in practical use cases to ensure lasting appreciation.

Market Context: Gains and Losses

While SHIB advances, other tokens face selling pressure. Fetch.ai (FET) recorded a 3.65% retracement in the last 24 hours, reflecting the pessimistic sentiment still prevailing in the market. This divergence in performance between projects illustrates how different market narratives impact various assets.

BlockDAG Continues to Attract Institutional Capital

In contrast to the observed volatility, the BlockDAG pre-sale maintains its rapid pace. The project has already raised over $420 million, with the participation of 12,000 initial investors. A relevant detail: 60% of the funds come from certified institutional entities, signaling confidence from the professional segment.

Large investor activity stands out especially. A portfolio based in Hong Kong made a purchase of $20 million, demonstrating the appeal that BlockDAG exerts among institutional players. The project’s focus on scalable data processing and AI integration seems to strongly resonate with this sophisticated audience.