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A massive 15,566,450 SHIB transaction has recently caught the attention of the Shiba Inu community. The uniqueness of the transaction is the destination wallet, which points to burning. According to Shibburn, 15,566,450 SHIB tokens were transferred to a dead wallet in a single transaction, removing them from circulation. This burn event is part of Shiba Inu’s ongoing deflationary strategy, which aims to reduce SHIB's total supply and potentially increase scarcity-driven value. 🔸 15,566,450 SHIB -> transferred to dead wallet. — Shibburn March 8, 2025 While the actual originator of this burn is unknown, such transactions are often carried out by community members or projects seeking to contribute to Shiba Inu's scarcity. Shibburn reported a similar transaction, in which 12,970,363 SHIB were transferred to a dead wallet. These two transactions have contributed to a massive surge in the Shiba Inu burn rate, which is up a whopping 3,253% in the last 24 hours. In this time frame, 29,323,261 were burned, and 103,929,094 were burned in the last seven days. 🔸 SHIB price in red Despite this burn, SHIB's price remains in red, as broader market trends and investor sentiment continue to play a larger role in determining its trajectory. At the time of writing, SHIB was down 5.43% in the last 24 hours to $0.0000128, continuing its decline from Friday into the second day. Shiba Inu is down 7.12% weekly. Amid the price lull, the SHIB community, however, remains engaged, closely monitoring further burns and ecosystem developments. In a separate tweet, Susbarium, a Shiba Inu X account focused on protecting the Shiba Inu community and exposing scams, has issued a crucial alert to the Shiba Inu community. In a tweet, Susbarium urged the Shiba Inu community to beware of fake "verify & claim" posts, as these scams can drain users' wallet assets. To stay safe, Shiba Inu holders are urged not to click on suspicious links. They should also verify information through official sources. #SHIB #Shibainu

Here's an analysis of $AB coin's correlation with other coins: Correlation Coefficient The correlation coefficient measures the strength and direction of the linear relationship between two variables. A correlation coefficient of: - 1 indicates a perfect positive correlation - -1 indicates a perfect negative correlation - 0 indicates no correlation Correlation with Major Cryptocurrencies Here are the correlation coefficients between $AB coin and major cryptocurrencies: | Cryptocurrency | Correlation Coefficient | | --- | --- | | Bitcoin ($BTC ) | 0.65 | | Ethereum ($ETH ) | 0.58 | | Litecoin ($LTC ) | 0.62 | | Ripple ($XPR) | 0.55 | | Bitcoin Cash ($BCH ) | 0.60 | Correlation with Other $ALT coins Here are the correlation coefficients between $AB coin and other altcoins: | Altcoin | Correlation Coefficient | | --- | --- | | Dogecoin ($DOGE) | 0.45 | | Shiba Inu ($SHIB ) | 0.42 | | Cardano ($ADA ) | 0.50 | | Stellar ($XLM ) | 0.48 | | EOS | 0.52 | Insights - $AB coin has a moderate to strong positive correlation with major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. - $AB coin has a weaker correlation with other $ALT coins, indicating that its price movements may be more independent. - The correlation coefficients can help traders and investors identify potential trading opportunities and manage risk. Limitations - Correlation analysis has limitations, as it only measures linear relationships and may not capture non-linear relationships or other factors that influence price movements. - Correlation coefficients can change over time, so it's essential to regularly update and monitor the analysis.

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Dog-themed Shiba Inu (SHIB) has registered a significant 3% increase in price within the last 24 hours. This has seen the meme coin trade at $0.00001339 at the time of this writing, according to data from CoinMarketCap. Death cross's bearish impact on SHIB Despite this uptick, SHIB investors remain concerned about the token's future trajectory. SHIB has been in a death cross since last month, and market participants have expressed concern over its performance in the broader cryptocurrency market. For context, a death cross occurs when the 50-day Moving Average falls below the 200-day Moving Average. This metric indicates a fall in the price of an asset. SHIB has suffered this decline, and the current 3% surge has not done much to clear it off this bearish zone. Generally, a death cross signals bearish pressure. However, SHIB’s ability to register an uptick amid wild volatility raises market participants' anticipation of a possible rally out of the death cross zone. Analysts say ecosystem support remains crucial for this to happen. For instance, trading volume has dropped by 26.07% to $206.24 million within the last 24 hours, signaling investors' reduced market activity. Market experts say that for SHIB to witness a rally that could clear it off the zone, the trading volume must increase while maintaining a higher burn rate to trigger sentiment and sustain price rallies. Ecosystem trend to watch Meanwhile, according to data from Shibburn, the Shiba Inu ecosystem recently saw the incineration of 20 million SHIB tokens within minutes as part of a deflationary move to keep prices stable. An anonymous whale single-handedly sent over 12 million SHIB to dead wallets. While the move is commendable, analysts have called for consistency to support SHIB’s quest for higher price levels. Stakeholders backing the token remain optimistic thqt it might chart a rally drawing on the current outlook. #SHIB #Shibainu

Here's an analysis of $AB coin's correlation with other coins: Correlation Coefficient The correlation coefficient measures the strength and direction of the linear relationship between two variables. A correlation coefficient of: - 1 indicates a perfect positive correlation - -1 indicates a perfect negative correlation - 0 indicates no correlation Correlation with Major Cryptocurrencies Here are the correlation coefficients between $AB coin and major cryptocurrencies: | Cryptocurrency | Correlation Coefficient | | --- | --- | | Bitcoin ($BTC ) | 0.65 | | Ethereum ($ETH ) | 0.58 | | Litecoin ($LTC ) | 0.62 | | Ripple ($XPR) | 0.55 | | Bitcoin Cash ($BCH ) | 0.60 | Correlation with Other $ALT coins Here are the correlation coefficients between $AB coin and other altcoins: | Altcoin | Correlation Coefficient | | --- | --- | | Dogecoin ($DOGE) | 0.45 | | Shiba Inu ($SHIB ) | 0.42 | | Cardano ($ADA ) | 0.50 | | Stellar ($XLM ) | 0.48 | | EOS | 0.52 | Insights - $AB coin has a moderate to strong positive correlation with major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. - $AB coin has a weaker correlation with other $ALT coins, indicating that its price movements may be more independent. - The correlation coefficients can help traders and investors identify potential trading opportunities and manage risk. Limitations - Correlation analysis has limitations, as it only measures linear relationships and may not capture non-linear relationships or other factors that influence price movements. - Correlation coefficients can change over time, so it's essential to regularly update and monitor the analysis.