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Fresh Data Highlights 90% Decline in Shiba Inu Burn Activity

Lele Jima
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Fresh Data Highlights 90% Decline in Shiba Inu Burn Activity

Recent data shows Shiba Inu burn activity has dropped sharply, with just 3.24 million SHIB removed from circulation across two transactions. 

This represents a significant drop from January 20, when over 20 million SHIB were permanently burned, indicating that the burn momentum is fading.

Key Points

  • Shiba Inu’s burn activity declined by 88% over the past day, with only 3.24 million SHIB removed from circulation.
  • Daily burns have fallen sharply since January 20, when 28.86 million SHIB were incinerated.
  • SHIB has slipped to 25th place by market cap, losing the 24th spot to Hedera.
  • Shiba Inu’s price underperformance mirrors the broader market.

Shiba Inu Burn Activity Declines Sharply

According to fresh data from Shibburn, the Shiba Inu community burned 3.24 million SHIB over the past 24 hours. These burns occurred across only two transactions, with individual transactions destroying 1 million and 2.24 million SHIB, respectively.

Meanwhile, this figure represents only a small fraction of the activity recorded on January 20. On that day, total daily burn reached 28.86 million SHIB, driven by a single address that burned 28 million tokens in a single transaction.

With daily burns now down to roughly 3.24 million SHIB, Shiba Inu’s burn momentum has faded. This slowdown is further reflected in the burn rate, which has plunged by 88.7% over the past 24 hours.

Shiba Inu Burn
Shiba Inu Burn

Significance of Burns to SHIB

Token burns play a central role in Shiba Inu’s deflationary strategy, as the project uses them to gradually reduce supply and potentially support long-term value. However, as burn activity slows sharply, the likelihood of generating meaningful price appreciation through token destruction continues to diminish.

Despite steady efforts toward reducing supply, Shiba Inu still has a massive supply. From its original 1 quadrillion SHIB launch supply, the community, alongside Ethereum’s Vitalik Buterin, has burned approximately 410.75 trillion tokens, leaving a remaining supply of about 589.25 trillion SHIB.

As a result, critics continue to cite SHIB’s enormous supply as a key factor behind its recent underperformance. This dynamic has also played out in market rankings.

SHIB Drops to 25th Spot in Global Crypto Ranking

Shiba Inu has slipped to the 25th-largest cryptocurrency by market cap, losing the 24th position it held for weeks to Hedera (HBAR). However, the gap remains narrow, with HBAR at $4.72 billion and SHIB at $4.68 billion, a difference of less than $50 million.

Hedera Overtakes Shiba Inu in Global Crypto Ranking
Hedera Overtakes Shiba Inu in Global Crypto Ranking

Shiba Inu Mirrors Broader Market Performance

Meanwhile, SHIB’s price action has largely mirrored broader market trends. At its current price of $0.000007943, the token is down 0.41% over the past 24 hours, extending its seven-day decline to 10.10%.

For context, other major cryptocurrencies, including Ethereum, XRP, Cardano, and Hedera, have also posted double-digit weekly losses. These trends suggest that while Shiba Inu’s large supply continues to weigh on price performance, broader market conditions remain a decisive factor in shaping the token’s short-term trajectory.

XRP Has Almost Erased Its 2026 Gains After Rising to $2.41

Elendu Benedict
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XRP Has Almost Erased Its 2026 Gains After Rising to $2.41

Despite a strong start to the year, XRP has relinquished most of its gains amid market instability and macroeconomic uncertainty.

XRP took off in the first week of the year on the back of renewed momentum from a fresh start and capital shift into the regulated products tracking the asset. However, this buzz has since stalled, and growing skepticism among market participants has weighed on the coin’s trajectory.

Key Points

  • Despite a strong start to the year, XRP has relinquished most of its gains.
  • XRP started the year bullishly, soaring roughly 31% in six days to reach a high of $2.41.
  • At the time of writing, the coin is trading at $1.91, down 20.7% from its January 6 high.
  • The early January rally came amid strong inflows from crypto ETPs, suggesting renewed investor traction.
  • However, macroeconomic uncertainties have reshaped XRP and the entire crypto ecosystem’s trajectory.
  • Standard Chartered expects XRP to reach $8 by the end of the year, suggesting a turnaround from current consolidation.

XRP Cuts Back Earlier 31% Gains

TradingView data shows XRP started the year at $1.84. Notably, this marked a steep decline for an asset that started 2025 brightly and even reached a multi-year high of $3.67 six months back.

However, after ending 2025 bearish, XRP started 2026 on a bullish note, soaring roughly 31% in six days to reach a high of $2.41. This resurgence sparked optimism among enthusiasts, who lauded its outperformance over Bitcoin, Ethereum, and Solana. During this run, XRP reclaimed the third spot in the cryptocurrency standings by market cap (excluding stablecoins), flipping BNB.

However, like most other cryptocurrencies, XRP has given back a chunk of its gains. At the time of writing, the coin is trading at $1.91, down 20.7% from its January 6 high. When it dropped to $1.84 on January 19, the entire yearly gains disappeared before a rebound took its YTD increase to just 3.8%.

Major Events That Shaped Prices

Notably, the rally came amid strong inflows from crypto ETPs, suggesting renewed investor traction. Digital asset investment vehicles attracted over $1 billion in the first few trading days of the year, as retail and institutions seek exposure to the sector.

XPR spot ETFs saw inflows of $78.81 million in the first three trading days, building on their exploits last year. This influx, coupled with a broader market rebound, spurred the run to $2.41 early enough this month.

However, macroeconomic uncertainties have reshaped XRP and the entire crypto ecosystem’s trajectory. The chances of an interest rate cut dimmed as key data showed little progress, and delays to the CLARITY bill started to weigh on investor sentiment. While XRP weathered that uncertainty, Donald Trump played the tariff-hike card again, pushing the token below the psychological $2 price level.

What Comes Next for XRP?

Usually, macroeconomic setbacks of this nature are temporary, and analysts expect a rebound. Still, the four-year crypto cycle narrative would play a crucial role in steadying the market sentiments. If Bitcoin starts a supercycle as industry leaders have predicted, XRP could follow suit.

The market structure bill will also help sentiment. While prominent leaders are split on the potency of the current draft to deliver the regulatory clarity clamored for, many still believe it would have a significant impact on the sector’s adoption.

Additionally, XRP has received several recognitions as a payment alternative to legacy systems. If this narrative gains traction and drives further adoption, XRP could react positively.

For price outlooks, Standard Chartered has suggested that XRP would reach $8 by the end of the year, projecting a turnaround from current consolidation. Remarkably, this remains speculative, and nothing is certain in the crypto market, which is highly volatile.

Steak ’n Shake Introduces Bitcoin Rewards for Hourly Employees

Mark Brennan
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Steak ’n Shake Introduces Bitcoin Rewards for Hourly Employees

Steak ’n Shake has unveiled a new incentive program that ties hourly pay benefits to Bitcoin, deepening the fast-food chain’s growing commitment to digital assets. 

The move aligns employee compensation with the company’s strategy of accepting and holding BTC as both a payment method and a corporate treasury asset.

Key Points

  • Starting March 1, hourly employees will earn $0.21 in Bitcoin per hour under the BTC bonus program.
  • Rewards carry a two-year vesting period before employees can access them.
  • The initiative is supported by Fold, according to the company.
  • Steak ’n Shake reported a $10 million increase in the notional value of its Bitcoin holdings.

How the Employee Bitcoin Program Works

In a post on X (formerly Twitter), Steak ’n Shake confirmed that the Bitcoin bonus program begins March 1, 2026. The incentive applies exclusively to hourly staff at company-operated restaurants. For every hour worked, employees earn a fixed BTC-denominated bonus of 21 cents.

However, the program is to encourage long-term retention. Employees must remain with the company for two years before the Bitcoin is vested and becomes accessible.

Bitcoin Payments Feed Corporate Treasury

The new employee initiative follows updates on Steak ’n Shake’s corporate Bitcoin holdings. The company recently reported a $10 million increase in the notional value of its BTC reserve.

According to executives, this growth is directly tied to customer behavior. Every Bitcoin payment made at the register is transferred into a strategic reserve rather than converted into fiat currency.

Management stated that this policy has strengthened customer engagement while accelerating Bitcoin accumulation on the balance sheet.

Global Rollout and Customer Response

Steak ’n Shake began its global Bitcoin rollout in May 2025, enabling BTC payments at locations worldwide. The program quickly gained traction among Bitcoin users, many of whom shared payment confirmations on social media.

Later that year, the company announced plans to expand into El Salvador, citing the country’s pro-Bitcoin environment as a key factor.

Behind the scenes, transactions are processed via the Lightning Network, a faster, cheaper Bitcoin payment system associated with Jack Dorsey.

Within two weeks of launch, the company reported transaction fees almost 50% lower than those of standard card payments, savings that boosted profit margins in the competitive fast-food sector.

Additionally, sales trends reflect the impact of these changes. Same-store sales rose 11% in Q2 2025 and 15% in Q3 2025, outpacing competitors such as Taco Bell, McDonald’s, and Domino’s.

Bitcoin as a Core Turnaround Strategy

Taken together, these initiatives form a central pillar of Steak ’n Shake’s turnaround plan. The company credits its adoption of Bitcoin for lower fees, faster settlements, increased customer traffic, and higher sales.

The approach also bolsters a growing non-cash treasury reserve, which management views as a long-term asset. This strategy follows years of contraction, as U.S. locations fell from a peak of 628 in 2018 to 394 by 2026, after 230 closures.

Today, Steak ’n Shake operates hundreds of restaurants across the U.S. and parts of Europe. The company says its Bitcoin-focused model is now central to stabilizing operations and rebuilding the brand.

XRP Price Prediction: How High Can It Go in Four Months

Abdulkarim Abdulwahab
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XRP Price Prediction: How High Can It Go in Four Months

XRP is once again at the center of short-term price forecasts as market participants assess how the first quarter of the year could unfold.

While the asset has struggled to gain momentum recently, several analysts believe the next four months could still offer meaningful upside.

As of today, XRP is trading at $1.91, down 1.81% on the day and 10.61% over the past week, but still up about 4% year-to-date. This pullback has pushed XRP back into a consolidation phase, raising the question: how high can it realistically go in the next four months?

Key Points

  • XRP trades near $1.91 as analysts weigh whether the next four months could deliver a meaningful rebound.

  • CORE Satoshi sees XRP staging a measured upside rather than a breakout.

  • AI forecasts suggest modest gains, with most models placing XRP between $2.00 and $3.50.

  • Bitcoin’s next move may determine whether XRP can reclaim $2 and push toward $3.

CORE Satoshi Sets XRP Target at $2–$4

CORE Satoshi, a widely followed account on X, recently shared price expectations for major crypto assets over the next four months. For XRP, the projection places the token in a $2 to $4 range.

This outlook suggests XRP could reclaim the $2 level in the near term and potentially retest the $3 psychological zone if market conditions improve.

A move toward $4 would represent more than a 100% gain from current levels but would still fall within what many consider a “measured” bullish scenario rather than an explosive breakout. Moreover, a $4 price would mark an all-time high for XRP.

How This Compares With Other XRP Forecasts

CORE Satoshi’s XRP target closely aligns with other short-term projections shared in recent weeks. Analyst Dr. Whale, for example, also forecasted a $2 to $4 range for XRP back in November over a four-month period. However, that outlook has yet to materialize.

Meanwhile, longer-term forecasts remain more aggressive. Rekt Fencer, founder of X DAO, recently projected XRP could reach between $5.20 and $6.50, while other commentators continue to float targets of $8, $10, or higher later in the cycle.

Compared to those projections, the $2–$4 range reflects a more cautious stance, assuming XRP tracks broader market strength without immediately entering price discovery.

Grok and ChatGPT Forecast for XRP by May 2026

X platform AI Grok noted that most estimates point to modest upside. It said a realistic range is $1.80–$3.00, with $2.00–$2.50 cited as the more common expectation. According to Grok, a move above $3 would likely require strong catalysts.

Meanwhile, OpenAI’s ChatGPT said XRP’s short-term outlook remains uncertain and depends heavily on Bitcoin momentum, regulatory clarity, and adoption trends. It noted that forecast models suggest a $2.20–$3.40 range in a bullish-to-moderate scenario, while neutral views expect sideways movement or limited gains.

Ultimately, ChatGPT concluded that a realistic range for XRP by May 2026 is $2.00–$3.50, assuming broader crypto market conditions remain supportive.

ChatGPT Prediction for XRP
ChatGPT Prediction for XRP

Bitcoin’s Role in XRP’s Next Move

A common theme across recent forecasts is Bitcoin’s influence. CORE Satoshi expects Bitcoin to trade between $130,000 and $150,000 within the same four-month window.

If Bitcoin pushes toward new highs, capital rotation into large-cap altcoins like XRP could follow. Historically, XRP tends to lag during Bitcoin’s initial rallies before reacting once overall market confidence strengthens.

In that scenario, XRP moving back above $2 and gradually pressing toward $3 would align with past market cycles.

What Could Push XRP Beyond $4?

While current projections focus on conservative ranges, several developments could shift expectations higher. Ongoing inflows from spot XRP ETFs, expanding institutional use cases, and Ripple’s continued push into cross-border payments remain key narratives.

Should any of these catalysts accelerate alongside a broader altcoin rally, XRP breaking above $4 would become more plausible. Until then, analysts are comfortable viewing the next four months as a recovery and positioning phase rather than the peak of the cycle.

Solana Price Forecast for Jan 21: How Strong Can SOL Get This Week?

Mark Brennan
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Solana Price Forecast for Jan 21: How Strong Can SOL Get This Week?

Solana is showing mixed technical signals, with ongoing pressure from the Supertrend indicator and potential for a short-term bounce from support.

Today, Solana (SOL) trades for $128.29, reflecting a 2.6% decrease in the past 24 hours. The daily range has fluctuated between a bottom of $125.78 and a peak of $131.77, showing increased intraday volatility. The price saw a noticeable pullback during the day, but it has regained some ground, closing above the $128 mark, which suggests some buyer resilience at this level.

In terms of weekly performance, Solana is still down 11.4%, indicating that the recent dip has been persistent. Despite this recent pullback, Solana has remained relatively strong over longer timeframes, with a modest 1.5% increase over the past 30 days. However, the market will be watching closely to see if SOL can regain its upward momentum.

How Strong Can SOL Get?

While Solana has demonstrated resilience over 30 days, its weekly technical indicators present mixed signals. Specifically, the Stochastic Oscillator indicates oversold conditions, suggesting the potential for a short-term rebound or consolidation at lower levels.

Solana 1-Week Prediction
Solana 1-Week Prediction

However, the Supertrend indicator remains firmly in the bearish zone, with Solana trading below the red trend line, signaling continued pressure.

For Solana to regain strength, the price needs to break above key resistance areas, particularly the Supertrend’s level at $195.85, and hold above these levels. A breakout above these zones would suggest a potential trend reversal towards higher levels above $220. 

Further, the chart shows that the %K line is trending below the %D line, which is a clear indication of ongoing bearish momentum. For the momentum to reverse, the %K line would need to cross above the %D line.

Solana Breaks Important Support Trendline

On the social commentary side, analyst Alek highlights that Solana has recently broken its critical support trendline, which has triggered a notable price drop. Following this breakdown, the price is now moving towards the next support zone around $126, where a potential short-term bounce could occur. 

Solana Social Commentary
Solana Social Commentary

This level is key for traders to monitor as a potential point for price stabilization. On the other hand, the resistance at $148 remains significant. If Solana manages to bounce from the support, this could be a liquidity zone to potentially test.

Ripple President Shares Four Top Predictions for 2026

Sam Wisdom Raphael
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Ripple President Shares Four Top Predictions for 2026

Ripple President Monica Long has shared her 2026 predictions for how the crypto industry will develop, expecting larger institutional involvement.

Long shared her predictions in an official blog report, which centered on institutional adoption and clearer regulation. The Ripple President argues that the industry could see an observable growth in stablecoins, institutional balance sheet exposure, custody services, and AI use in crypto.

Key Points

  • Monica Long expects B2B stablecoin payments, which reached an annualized $76 billion in 2025, to become central to global payments.
  • According to her, financial institutions will tap regulated stablecoins for 24/7 collateral mobility in capital markets.
  • She also believes institutional balance sheets will hold over $1 trillion in digital assets.
  • Long suggests that around 50% of Fortune 500 companies will adopt formal digital asset strategies.
  • The Ripple President also expects the link between crypto and AI to grow stronger in 2026.

Stablecoins to Integrate Into Global Payments

In her recent predictions, Long noted that she expects stablecoins to become a standard part of global payment systems. Major payment networks and financial platforms like Visa and Stripe already integrate stablecoins into existing processes, and she believes this trend will continue. 

Notably, in the U.S., the recent Genius Act legislation has bolstered trust in regulated, dollar-backed stablecoins and given institutions clearer rules to follow.

As a result, regulated stablecoins are set to support programmable payments and nonstop settlement. Long believes that by 2027, financial institutions will use stablecoins to move collateral at any time, especially in capital markets. 

Interestingly, data already confirms the gradual growth in stablecoin usage. Notably, last year, B2B stablecoin payments reached an annualized $76 billion, up sharply from early 2023, when monthly volumes stayed below $100 million. It bears mentioning that Ripple entered the stablecoin market with the launch of its RLUSD product in December 2024.

Institutional Crypto Adoption to Expand

For her second prediction, Long sees crypto growing into a major financial tool. By the end of 2026, she expects institutions to hold more than $1 trillion in digital assets on their balance sheets. In addition, around half of Fortune 500 companies could adopt formal digital asset strategies that include stablecoins, tokenized assets, and onchain financial instruments.

This trend already shows up in recent figures. Specifically, a 2025 survey found that 60% of Fortune 500 companies actively work on blockchain initiatives. More than 200 publicly traded companies now hold bitcoin as part of their treasury strategies. Meanwhile, digital asset treasury firms have expanded from just four in 2020 to over 200 today, with nearly 100 launched in 2025 alone.

Moreover, crypto exchange-traded funds continue to bring institutions into the market. More than 40 crypto ETFs launched in 2025, yet they still account for only 1–2% of the U.S. ETF market. 

Long sees this gap as a sign of long-term growth potential. In 2026, she expects collateral mobility to become a key use case, with tokenization improving settlement speed and efficiency. As adoption grows, 5–10% of capital markets settlement could move onchain.

Custody to Become a Key Pillar of Trust

In her third prediction, Long focused on digital asset custody. For context, crypto mergers and acquisitions reached $8.6 billion in 2025, driven largely by institutional interest. She expects custody services to play a central role in the next phase of consolidation.

As custody solutions become more standardized, standalone providers face pressure to broaden their offerings or integrate with larger platforms. At the same time, regulators encourage banks to rely on multiple custodians to manage risk. Because of this, Long predicts that more than half of the world’s top 50 banks will form at least one new digital asset custody partnership in 2026.

Blockchain and AI Link to Expand

Finally, Long called attention to the growing link between blockchain and AI. She expects these technologies to work together to automate financial tasks that still depend on manual processes. Specifically, stablecoins and smart contracts could allow treasuries to manage liquidity, execute margin calls, and optimize returns in real time.

At the same time, she believes asset managers may likely use AI alongside blockchain systems to adjust exposure to tokenized assets and stablecoin-based products throughout the day.

XRP Community Reaction to Long’s Predictions

Notably, the XRP community has begun responding to Long’s 2026 predictions. For instance, WrathofKahneman (WOK), a notable community figure, commented on the outlook, noting that it sets stablecoins up as the main settlement asset. 

He also highlighted the predicted link between blockchain and AI, suggesting it could be important for financial agents. WOK also observed that the report did not mention XRP or the XRP Ledger (XRPL) and expressed interest in seeing whether the growth of digital asset custody will require broader public neutrality.

Dogecoin Prediction for Jan 21: Can DOGE Hold Above Key Fib Support to Test $0.129?

Mark Brennan
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Dogecoin Prediction for Jan 21: Can DOGE Hold Above Key Fib Support to Test $0.129?

Dogecoin shows potential for a bullish shift after breaking key resistance, but it needs to maintain support to avoid further downside risks.

Dogecoin (DOGE) has experienced a 1.5% decline in the past 24 hours, currently trading around $0.1257. The daily price range has fluctuated between a low of $0.1279 and a high of $0.1231, showing some intraday volatility. Despite the short-term decline, Dogecoin has exhibited a modest recovery, moving toward the middle of its daily range and currently consolidating in a straight line.

In the longer term, Dogecoin is facing persistent pressure, down 15.9% over the past 7 days and 15.3% over the past 14 days. Despite this, the coin remains heavily traded, with a 24-hour trading volume of $1.29 billion, up over 36%. Market participants will be watching closely to see if Dogecoin can maintain support or if it will reverse again to the downside.

Dogecoin Price Prediction

Dogecoin’s recent price action suggests some buying pressure after reaching key Fibonacci levels. The daily chart indicates that Dogecoin recently tested but fell below the 1 level at $0.1297. However, while heading towards the 1.681 level at $0.116, the price found support at $0.120 and is now aiming to retest $0.129. 

Dogecoin Analysis
Dogecoin Analysis

The Awesome Oscillator currently shows a negative value, indicating weakness in the buying momentum. For momentum to shift completely, the oscillator needs to flip green and retain the positive values.

The Fibonacci retracement levels are providing critical support and resistance zones. The 1 level now acts as the immediate resistance area during the recent price recovery.

If DOGE continues to find support around $0.120 and can break above the 1 level, a move back toward $0.134 and possibly higher toward the $0.140 level could be in store. However, failure to maintain the support could lead to a further test of the 1.618 extension at $0.11640, where the price could stabilize before making another attempt.

DOGE Sees First Bullish Divergence

Elsewhere, analyst Trader Tardigrade on X points out a bullish divergence signal in Dogecoin’s 4-hour chart, highlighting the first breakout from the previous downtrend. The chart shows that Dogecoin has broken above a key downward trendline, with the divergence in the price and RSI breakout indicating strong upward potential.

Dogecoin Prediction
Dogecoin Prediction

This breakout could signal the start of a more sustained bullish movement for Dogecoin, with traders now closely watching for confirmation.

Bitcoin Loses $88,000 Support as $1B in Leveraged Bets Unwind

Zabi
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Bitcoin Loses $88,000 Support as $1B in Leveraged Bets Unwind

Bitcoin slid below the $90,000 mark on Tuesday after an abrupt shift in global risk sentiment sparked forced selling across cryptocurrency markets.

The move caught traders off guard and accelerated losses in heavily leveraged positions. The selloff unfolded rapidly, breaking a period of relative calm that had held through much of last week.

During late U.S. trading, Bitcoin fell about 3%, hitting a session low of $87,800 before staging a modest rebound above $89,000. The drop marked a decisive break from recent consolidation near record highs, signaling that investor confidence had begun to erode.

Key Points

  • Bitcoin fell to $87,800 on Tuesday before recovering above $89,000.
  • CoinGlass reports that $1.08 billion in crypto positions were liquidated over the last 24 hours.
  • 183,374 traders were forced out of positions during the liquidation wave.
  • Long positions accounted for roughly 92% of total liquidations.
  • The largest single liquidation was a $13.52 million BTCUSDT position on Bitget.

Crowded Long Positions Amplify the Move

As prices slipped, liquidation data underscored how lopsided market positioning had become. CoinGlass data showed that $1.08 billion in crypto positions were wiped out within 24 hours, impacting more than 183,000 traders.

Nearly 92% of those liquidations came from long positions, showing that many traders had been positioned for continued gains. The largest individual forced closure, a $13.52 million BTCUSDT trade on Bitget, illustrated the extent of leverage built up across the market.

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Global Risk Sentiment Turns Cautious

The crypto downturn unfolded alongside rising unease in broader financial markets. Fresh tariff threats from U.S. President Donald Trump toward European nations, following their rejection of a proposal linked to Greenland, revived concerns over trade policy uncertainty and weighed on investor sentiment.

Meanwhile, developments in the bond market added another layer of stress. A selloff in Japanese government bonds pushed global yields higher, thereby tightening financial conditions and dampening appetite for risk-sensitive assets such as cryptocurrencies.

The pullback followed an extended rally in global equities fueled by optimism around artificial intelligence.

Precious Metals Move Higher as Crypto Pulls Back

While digital assets declined, investors turned toward precious metals. Gold continued to trade at record levels, rising 1.53% over the past 24 hours to $4,836 per ounce.

Silver followed a similar path. The metal traded at $94.37 after reaching a new record price of $95.71 earlier in the session. The contrasting performance highlighted how capital shifted as risk sentiment deteriorated.

Shiba Inu Forms Bearish Continuation Pattern

Elendu Benedict
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Shiba Inu Forms Bearish Continuation Pattern

Shiba Inu shows further signs of correction, as weak price momentum has led to the formation of a bearish continuation pattern.

The pattern becomes visible following SHIB’s 5% drop yesterday, joining a broader market trend. Unless Shiba Inu regains momentum immediately, the bearish structure suggests a further price decline.

Key Points

  • Shiba Inu shows deeper signs of correction, as weak price momentum has led to a bearish continuation pattern forming.
  • The chart formation shows a bearish continuation pattern, with prices experiencing a sharp decline, a quick pullback to retest previous support levels, and a subsequent sideways trend targeting lower demand zones.
  • Unless Shiba Inu regains momentum immediately, the bearish structure suggests a further price decline to January 19 lows around $0.00000745 and possibly its late December lows around $0.00000682
  • Shiba Inu could invalidate the bearish continuation pattern if it breaks above the Tuesday high of $0.00000815.

Bearish Shiba Inu Structure

For perspective, Shiba Inu dropped to $0.00000745 on January 19, as the heat of Donald Trump’s tariff war impacted the crypto market extensively. However, the meme coin showed resilience, recovering nicely to close at $0.00000814.

Nonetheless, the 1-hour chart paints a cautious picture. The quick rebound pushed the token to a notable supply zone around the $0.0000081 price region. Higher price rejection followed a push to $0.000008115 on Tuesday, as weak price momentum failed to conquer the resistance around the area.

Since then, sellers have been on top, pushing prices lower. Moreover, the chart formation shows a bearish continuation pattern, with prices experiencing a sharp decline, a quick pullback to retest previous support levels, and a subsequent sideways trend targeting lower demand zones.

Shiba Inu Bearish Continuation Pattern
Shiba Inu Bearish Continuation Pattern

What Does This Mean for SHIB Price

If Shiba Inu does not disrupt this structure, then it could retrace to lower prices. The chart shows a possible retest of its January 19 lows around $0.00000745. A much lower push could see the token consolidate to its late December lows around $0.00000682.

However, Shiba Inu could turn things around if it sustains ongoing recovery and breaks above the Tuesday high of $0.00000815. The move would invalidate the bearish continuation pattern and set SHIB up for higher prices. The first area that SHIB could reclaim in this scenario is the $0.0000084 level, where it started its January 19 correction.

It bears mentioning that these are likely scenarios based on technical analysis. The outlook does not favor one direction over the other, as both have equal chances of playing out. As a result, the choice of position is solely at your discretion, as this is not financial advice.

On-Chain Data Shows Midnight Boasts Over 350,000 Cardano Transactions in Just 42 Days

Lele Jima
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On-Chain Data Shows Midnight Boasts Over 350,000 Cardano Transactions in Just 42 Days

Since launching in December 2025, Midnight (NIGHT) has recorded over 350,000 transactions involving Cardano (ADA).

In a recent post on X, Cardano analytics platform Cexplorer.io reported that Cardano-related transactions linked to NIGHT exceeded 346,000 within just 40 days of trading. Fresh data from the platform shows the figure has climbed to 354,124.

This surge of activity signals strong engagement with the new asset and reflects a broader uptick in usage on the Cardano network. Indeed, Midnight’s introduction has driven a spike in on-chain transactions, contributing to renewed interest and activity.

Key Points

  • NIGHT has generated over 350,000 Cardano-related transactions since launching in December 2025.
  • Its adoption continues to gain momentum, with nearly 29,000 unique Cardano-based wallets now holding NIGHT.
  • Cumulative trading volume on the Cardano network has crossed 15 billion ADA.
  • While its trading volume has waned, NIGHT remains resilient, posting a 2.9% gain over the past day.

Cardano Transactions from NIGHT Token

The latest figures indicate that a significant number of Cardano transactions now involve the NIGHT token, including transfers and other on-chain interactions.

Consequently, the rapid rise in activity points to strong community adoption. Moreover, such volume so soon after launch suggests genuine usage, reinforcing NIGHT’s potential role as a catalyst within the Cardano ecosystem.

Cardano's NIGHT Token Transactions
Cardano’s NIGHT Token Transactions

Total Unique Wallets Nears 29,000

For context, the Midnight Foundation minted NIGHT’s full 24 billion token supply on the Cardano blockchain on November 25, 2025. The asset officially began trading on December 9, implying that it has been live for just 42 days. Despite this, NIGHT has already achieved notable adoption.

Currently, 28,892 unique wallets hold NIGHT, underscoring its broad distribution across the Cardano ecosystem. Additionally, the token has attracted substantial trading interest, generating a cumulative volume of 15.14 billion ADA, equivalent to approximately $5.44 billion at current market prices.

Overall Activity

Moreover, NIGHT’s strong trading momentum extends beyond Cardano. Following its launch, the token drew widespread attention from the broader crypto community due to its connections with several partner chains, including Bitcoin, Ethereum, the XRP Ledger, and Solana.

Within weeks of debuting, NIGHT’s 24-hour trading volume surpassed $1 billion on multiple occasions, while its market cap also climbed above $1 billion.

However, momentum has recently cooled. NIGHT’s daily trading volume across global markets has declined by 37.66% to $27.44 million. Nonetheless, the token is currently trading at $0.06176, up modestly by 2.9% over the past 24 hours.

With a circulating supply of 16.6 billion tokens, NIGHT now carries a market cap of approximately $1.02 billion.

Cardano’s Founder on NIGHT in 2026

Meanwhile, Cardano founder Charles Hoskinson has expressed strong optimism about Midnight’s outlook in 2026. In a recent broadcast, he stated that 2026 will be a pivotal year not only for ADA but also for its ecosystem token, NIGHT.

He added that ongoing efforts to integrate Midnight with XRP-based decentralized finance could pose a meaningful challenge to traditional banking systems.

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