💥 Shiba Inu Sees Strong Network Activity as Burn Rate Rockets 2,332%
Shiba Inu is back to trading in red territory after multiple attempts to recover and reclaim previous highs.
Despite this persisting price weakness, Shiba Inu's network activity has continued to grow as burn activities increasingly surge at a rocket's pace.
🔸 8,216,135 SHIB out of circulation
As of Thursday April 2, Shibburn, the platform that tracks Shiba Inu burn activities, has showcased data revealing that the Shiba Inu burn rate has surged by a massive 2,332% over the last 24 hours.
The massive burn rate surge follows a large destruction of SHIB tokens that saw a total of 8,216,135 SHIB sent to dead wallets in seven separate transactions over the past day.
Although the amount of SHIB burned over the period is worth only about $49, per SHIB’s market value, it marks a major increase compared to the tokens burned in the previous day.
While the massive burn activity has come at a time when the broad crypto market is facing further volatility and SHIB has continued to plunge, the strong network activity poses a bit of relief to investors.
At the time of writing, Shiba Inu is trading at $0.055837, a decline of 2.03% in its trading price over the last 24 hours.
🔸 SHIB OI declines
The negative trend seen in the SHIB trading price has extended to its derivatives market as its open interest also shows a mild decrease of 1.68%.
The Shiba Inu derivatives market is also flashing bearish signals as futures traders begin to take caution. SHIB futures activities plunged deeper on Coinbase with a decrease of 6.56%, suggesting that even American traders are growing weary of the leading dog-themed meme token.
#SHIB | #Shibainu | $SHIB
{spot}(SHIBUSDT)
🚨 BREAKING: $286M Altcoin Hack Update
The massive $286 million crypto hack has been linked to hackers with possible ties to North Korea, according to blockchain analytics firm Elliptic.
The attack targeted Drift Protocol, a major platform on Solana, where attackers gained control by compromising admin private keys and draining funds from multiple vaults.
Stolen assets were quickly moved, swapped into stablecoins, and then bridged across chains to hide the trail.
This incident is now one of the largest DeFi hacks of 2026, raising serious concerns about platform security and key management. 👀
#Write2Earn! #DeFi #CryptoAlert
AAVE Token Sees 4.17% Drop Despite V4 Upgrade and $23.8B DeFi TVL Amid Market Downtrend
AAVEUSDT experienced a notable 24-hour price decline of 4.17%, opening at 98.97 and closing at 94.84, as reported by Binance. The price drop is primarily attributed to continued negative sentiment across the broader cryptocurrency market, which has overshadowed the positive impact of Aave's major V4 protocol upgrade and structural improvements. Despite the launch of V4 introducing a new modular hub-and-spoke architecture and enhanced support for real-world assets, AAVE remains under pressure from macroeconomic conditions and a persistent market downtrend. Trading activity was robust, with 24-hour volume on Binance at 72,346.56 AAVE, and the token traded between 93.03 and 120.21 across platforms, reflecting high volatility. Aave maintains strong market fundamentals, including a market capitalization between $1.41 billion and $1.53 billion, and a dominant position in DeFi lending with a TVL of approximately $23.8 billion.
Fam! I'm opening long position on, $XRP is showing mild bearish pressure after topping near 1.3569. Price tested 1.2802 support and has rebounded slightly to 1.305. Short-term momentum is mixed, favoring consolidation rather than a strong trend.
Entry Zone: 1.300–1.310
Targets (TP): 1.335, 1.350, 1.365
Stop Loss (SL): 1.275
Watch for a clear break above 1.3569 for bullish continuation, or a drop below 1.280 to signal further downside toward 1.250–1.240.
#XRP #DriftProtocolExploited #ADPJobsSurge #BitmineIncreasesETHStake
BREAKING 🚨
Metaplanet has acquired 5,075 BTC for $405.5M, significantly expanding its cryptocurrency holdings.
This purchase propels Metaplanet to become the third-largest public corporate bitcoin holder, with a total of 40,177 BTC. The acquisition underscores growing institutional interest in bitcoin.
Stay tuned for updates 🚀💰👉
$CTSI, $FIDA, $CTSI