The Shiba Inu (SHIB) token has experienced a dramatic surge in its burn rate, with a reported increase of 3010% on June 12. According to data from Shibburn, a platform that tracks SHIB token burns, this surge resulted in 232 million SHIB tokens being removed from circulation in a single day. This significant increase in the burn rate comes amid a broader market downturn and has captured the attention of the cryptocurrency community.
Unprecedented SHIB Burn Rate Increase
The Shiba Inu community has been actively involved in efforts to reduce the total supply of SHIB tokens through regular burns. On June 12, this effort saw an unprecedented spike, with the burn rate skyrocketing by 3010%, destroying 232 million tokens. Key wallet addresses played a major role in this effort.
One wallet, identified as 0xd9a…, burned 225.63 million SHIB tokens in a single transaction. Other wallets, including 0xa9d… and 0xc58…, contributed by burning smaller amounts in multiple transactions.
Despite these efforts to reduce the circulating supply, the price of SHIB has continued to decline, dropping by 2.36% to $0.00002196 on the same day. The overall market value of Shiba Inu stands at approximately $12.96 billion, with a 24-hour trading volume increasing by 30.12% to $816.98 million. This increase in trading volume is likely driven by a surge in sell-offs, as evidenced by 1.34 million long liquidations over the past 24 hours.
Shift in Capital: From SHIB to WienerAI
As SHIB holders witness a significant token burn yet face a declining price, attention is shifting towards a new low-cap altcoin in the cryptocurrency market: WienerAI (WAI). This dog-based AI crypto gem has been making headlines with its innovative approach and strong presale performance.
Unlike traditional meme coins, which often rely solely on community hype and humor, WienerAI is a meme coin that integrates advanced AI technology to offer a unique trading experience.
WienerAI introduces a sophisticated AI-powered trading bot to assist users in making informed trading decisions. This bot analyses market conditions, predicts potential opportunities, and executes trades across multiple decentralized exchanges (DEXs) without incurring any fees.
Strong Market Reception
Since its introduction, WienerAI has garnered significant attention. The presale phase has raised over $5.4 million, highlighting strong interest. This is supported by a well-structured tokenomics plan, with 30% of the 69 billion WAI tokens allocated to the presale, 20% reserved for staking incentives, and another 20% set aside for community rewards.
The initial presale price of $0.000717 per WAI token has attracted numerous users, anticipating substantial returns once the tokens are listed on exchanges. The WienerAI team plans to launch on major DEXs post-presale, aiming to capitalize on market demand dynamics. Additionally, an aggressive marketing campaign is in the works to further boost the token’s visibility and adoption.
Crypto Analysts’ Bullish Outlook
Several prominent crypto analysts have expressed optimism about WienerAI’s potential. YouTuber Jacob Bury, known for his crypto insights, has suggested that WAI could have “100x potential” once it hits the exchanges. This sentiment is echoed by the 99Bitcoins channel, which also sees significant growth potential in WienerAI, labeling it as a “100x AI presale crypto gem.”
This bullish outlook is driven by the growing popularity of AI-driven projects in the crypto space. The market cap for AI-related cryptocurrencies has surpassed $34 billion, reflecting strong interest.
Furthermore, the success of other meme coins, such as dogwifhat (WIF) and Pepe (PEPE), which have achieved multi-billion-dollar market caps without substantial utility, bodes well for WienerAI.
Combining AI and Memes: A Winning Formula?
WienerAI’s unique proposition lies in its combination of meme coin appeal and advanced AI technology. This blend can attract a broad audience, from casual crypto enthusiasts to serious traders looking for innovative solutions. Integrating AI to provide real-time trading insights and execute trades efficiently sets WienerAI apart from traditional meme coins, offering tangible utility and value.
The dramatic increase in Shiba Inu’s burn rate highlights the community’s ongoing efforts to enhance the token’s value by reducing its supply. However, the simultaneous decline in SHIB’s price suggests that burn rates alone may not be sufficient to sustain long-term value, prompting users to explore new opportunities.
WienerAI emerges as a promising alternative, combining the viral appeal of meme coins with the practical benefits of AI-driven trading technology. As the presale continues to attract significant acquisition, with plans for DEX listings and a robust marketing campaign, WienerAI is well-positioned to capture the interest of meme coin enthusiasts.
The coming months will determine whether WienerAI can live up to its potential and become a standout player in the crowded crypto market. For now, it represents a fascinating intersection of humor, technology, and opportunity, drawing the attention of SHIB holders and the broader crypto community.
Crypto adherents interested in potentially high-return opportunities are encouraged to explore WienerAI’s presale. Visit the official WienerAI website to participate and stay updated through their social media channels on X and Telegram. Don’t miss out on the chance to be part of this innovative project and potentially reap significant returns as it develops and captures the market’s attention.
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
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