Shiba Inu price has been lagging behind newer meme coins such as FARTCOIN and PEPE, which have registered notable gains in the last month. However, a recent spike in the SHIB burn rate and active address count has sparked speculation over whether the second-largest meme coin can compete with these new coins.
SHIB value today is flashing bearish signals with a 2% decline to trade at $0.000013 at press time. The dips come after the broader crypto market retreated after Bitcoin (BTC) slipped below $96,000.
Shiba Inu Price in Focus as Burn Rate Spikes 22,000%
A rally is brewing for the Shiba Inu price after a drastic surge in the burn rate. Data from Shibburn shows that in the last 24 hours, more than 27 million tokens have been removed from the circulating supply, with a single address burning more than 15 million SHIB.
The surging burn rate coincides with a surge in user activity after the active address count soared to the highest level in nearly two months. Data from Santiment shows that the number of active addresses in the last seven days has reached 23,014, which is the highest since late February.
SHIB Active Addresses
As network usage grows, it triggers a surge in the burn rate as depicted in the above data, and this makes a bullish case for the Shiba Inu price prediction.
Can SHIB Compete with New Meme Coins?
In recent weeks, capital has been rotating from older meme coins to newer ones as traders chase quick profits. This capital rotation follows weak Shiba Inu price performance, considering that it has gained by only 9% in the last month. In contrast, FARTCOIN has soared by 196% during the same period, while PEPE is up by 23%.
However, given that old meme coins such as Dogecoin and SHIB are less volatile, traders might shift away from these newer coins if they show signs of a weakening trend. Moreover, analysts have also predicted an upcoming SHIB rally.
Hence, if the burn rate and active address count continue to rise, SHIB has the potential to compete against new meme coins. If these fundamentals weaken, then coins such as FARTCOIN will continue outperforming Shiba Inu.
Shiba Inu Technical Analysis
The price of Shiba Inu is breaking out of a descending parallel channel on the weekly chart, suggesting that the bearish momentum is growing weak, which may unlock an upward trend. However, SHIB still needs to overcome resistance at $0.0000173, at which point it will have created a higher high and confirm a shift trend from bearish to bullish.
However, this upswing will only be confirmed if the top meme coin can attract buy-side activity that will push the RSI above 50. Doing so will confirm the shift in market structure, and this will trigger the uptrend towards key resistance levels.
SHIB/USDT: 4-Hour Chart
If the above bullish thesis fails and SHIB fails to make a decisive close above the descending trendline, it may spark a decline to the support level of $0.108. However, as long as the active address count and SHIB burn rate remain high, the meme token has the potential to sustain gains.
Welcome to the US Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see why Standard Chartered thinks XRP could soon leapfrog Ethereum, how Tether’s institutional pivot might reshape the stablecoin market, and how players like BlackRock, Galaxy Digital, and the Federal Reserve could shape crypto’s next chapter.
Standard Chartered says XRP Set to Outperform, Could Overtake Ethereum by 2028
As global trade tensions intensify, Standard Chartered sees a silver lining for crypto investors, urging them to focus on long-term winners poised to benefit from the disruption.
“Tariff noise creates the opportunity to look for long-term value/pick winners in Digital Assets for the next leg higher. Today we add XRP to that list of winners (BTC and AVAX other identified winners, ETH identified loser). XRP’s core use is as a cross-border and cross-currency payments platform. That part of Digital Assets is undergoing a shift higher in volumes, something we see continuing. By the end of 2028 we see XRP’s market cap overtaking Ethereum’s. That will make XRP the second largest (non-stablecoin) Digital Asset at that time. Keep looking for winners and HODLing those you already own”, Geoff Kendrick, Standard Chartered’s Head of Digital Asset Research, in an email to BeInCrypto.
Kendrick also pointed to Bitcoin’s resilience as a signal of what’s to come for the broader crypto market.
“Tariff mess will be over soon, and Bitcoin’s solid performance during the noise tells us a leg higher for the asset class will follow” he said.
He also points out important points about the recent performance of XRP:
“XRP price rose 6x in the two months following Trump’s election victory, the strongest performance among the top 15 digital assets by market cap. This reflected market expectations that the SEC would drop its appeal of a court ruling concerning Ripple, as well as the potential for XRP ETFs to be approved under new SEC leadership.”
But Kendrick believes the fundamentals — not just politics — are driving XRP’s momentum.
“We think these gains are sustainable, not just because of recent leadership changes at the SEC but also because XRP is uniquely positioned at the heart of one of the fastest-growing uses for digital assets – facilitation of cross-border and cross-currency payments. In this way, XRPL is similar to the main use case for stablecoins such as Tether: blockchain-enabled financial transactions that have traditionally been done through traditional financial (TradFi) institutions. This stablecoin use has grown 50% annually over the past two years, and we expect stablecoin transactions to increase 10x over the next four years. We think this bodes well for XRPL’s throughput growth, given the similar use cases for stablecoins and XRPL.”
Tether’s Big Play: Institutional-Grade Stablecoin Targets US Market
Charles Wayn, co-founder of decentralized Web3 super-app Galxe, told BeInCrypto that:
“The news that Tether is planning to launch an institutional-grade stablecoin for the US market is fantastic for the crypto industry. Tether pioneered stablecoins with its first launch over a decade ago in 2014, and its flagship product — USDT — is now the third largest cryptocurrency in the world. Unlike its rival, USDC, USDT has never been formally audited, leading to frequent questions over its balance sheet. Nonetheless, it remains the industry’s favored stablecoin, shown by its market cap of over $144 billion, which is well over double the size of USDC’s $60 billion.”
Wayn believes this move, along with Tether’s push for transparency, positions the company as a future leader in institutional crypto adoption.
“As such, this move, combined with other recent news that Tether is seeking a full audit from a Big Four accounting firm, shows that the company is not only willing to be compliant but also be a leader in institutional adoption. While USDT sadly did not pass the EU’s directive on stablecoins under MiCA, this new product will likely be designed to pass new legislation coming from the US.”
He adds that institutional momentum — fueled by players like BlackRock — reinforces why now is a pivotal moment for stablecoins and broader market stability.
“As such, there is little doubt that USDT will work hard to launch its new product in good time. As we see huge institutions like BlackRock further entering the market with another $66 million purchase of Bitcoin last week, along with the rapid growth of its RWA BUIDL fund, institutional adoption is now taking off rapidly.”
Crypto Chart of the Day
Total Stablecoin Market Cap and BTC Price. Source: Coinglass.
Stablecoins total market cap is currently close to its all-time highs, above $210 billion.
Byte-Sized Alpha
– Analysts warn that a return to Quantitative Easing in 2025 could ignite a massive crypto rally, potentially pushing Bitcoin toward $1 million and sparking a surge in altcoins.
– Zero inflows into Bitcoin ETFs and declining futures interest hint at fading investor confidence, though rising put contracts and positive funding rates point to cautious optimism.
– Galaxy Digital secures SEC approval to reorganize and move toward a May 2025 Nasdaq listing, signaling renewed confidence in crypto amid improving US policy support.
– Binance Research shows that during tariffs, RWA tokens outperform Bitcoin, as rising macro pressures weaken BTC’s role as a diversification asset.
– MicroStrategy’s pause in Bitcoin buying last week, amid $5.91 billion in unrealized losses, signals growing caution and raises questions about liquidity, debt, and broader institutional confidence.
OKX CEO Star Announcement:- The adoption of crypto payment for real-world utility has seen accelerated development. Global crypto users have surpassed 560 million including individuals holding or transacting in crypto.
Of these holders, 39 % have reported using crypto to purchase goods or services at least once in a year. Currently, over 18 000 merchants or businesses worldwide are accepting crypto payments.
In another strategic move towards this, the leading exchange OKX has hinted at a new business move. OKX Founder, Star Xu, has revealed in a X post that the exchange will launch OKX Pay Wallet next week.
He touted the Pay Wallet as “the road to billion-user crypto adoption.”
The separate Pay Wallet launch comes a month after OKX launched a standalone OKX Wallet app. The past month launch decoupled the OKX Wallet’s DeFi and self-custody features from the primary OKX CEX platforms.
And now this further splitting off payments into a standalone Pay Wallet signals company’s efforts to scale and enter crypto payments business segment.
How will OKX Pay Wallet look like
OKX CEO Star did not reveal explicit details about the product in his X post. However, he did share two screenshots from the OKX Pay Wallet interface.
We will launch OKX Pay Wallet next week. It’s a road to billion users crypto adoption! Looking forward to try it! @okx@walletpic.twitter.com/zRpa1XzHqC
Accordingly, certain features of the OKX Pay Wallet as indicated by OOX CEO Star would include:
1. The new payment product will be integrated into the OKX exchange application. This implies there will be no separate or standalone launch.
2. It will enable users to make P2P transfers, QR/NDC merchant checkouts. The wallet will be purely payment centric with instant fiat on-/off ramps.
3. The OKX Pay Wallet is shown as using only stablecoin – USDT/USDC – as the intermediary payment currency. Thus, the OKX Pay wallet will allow for stablecoin-supported crypto payments.
Adoption of stablecoin for crypto payment makes sense. Stable currency such as USDC and USDT run on X layer developed by OKX.
Thus, OKX Founder Star was quite evident as he declared making “X Layer as the global Payment Chain.”
Further, the Wallet includes simple UX such as Crypto gifts or red envelopes, Chat menus. The Chat feature would allow for social communication between the senders and receivers.
Launch Next Week! What to Expect
OKX CEO Star announcement hints at certain near-term strategic moves by the exchange next week.
OKX CMO Haider has also hinted at more new product launches by the brand. He said, “More to come in the next few days and over next week.”
We have rolling out new products – primary focus is bringing more onchain utility and building products outside of speculative trading. More to come in the next few days and over next week
The launch with integration of features like Chat menus and payment-centric signals the crypto exchange’s strategic entry into payment business. OKX seems to be developing a web3 version of web2 ‘to-C payment applications’ such as Paytm, Wechat, GooglePay.
Aligning with OKX Founder Star’s vision, it will make it easy for users to make crypto payments in USDT for personal usecases. This can onboard millions of users.
However, as Crypto payment adoption gains, OKX new product would need to carve out a niche for itself. The giants like Binance, Coinbase are already in the crypto payment business.
No existing app such as Binance Pay, Coinbase Pay, unites these many features into a single application. If successful, it can be a huge boost to the crypto payments adoption.
Further on April 16, cryptocurrency exchange OKX re-entered the US with new crypto exchange and wallet.
The U.S. Securities and Exchange Commission (SEC) clarified on May 29, that certain protocol staking activities on proof-of-stake (PoS) blockchain networks do not qualify as securities offerings. The Division of Corporation Finance stated that staking on PoS networks, including related services, is not subject to federal securities laws registration or exemptions. US SEC Clarifies Staking Activities Are Not Securities According to the US SEC’s Division of Corporation Finance, participants in specific protocol staking activities do not need to register transactions with the Commission under the Securities Act. The guidance applies to self-staking by node operators, self-custodial staking with third parties, and custodial staking arrangements where a custodian stakes on behalf of asset owners. Per the Division, staking rewards are compensation for the services node operators provide the network. These payments do not represent profits that others earn through being an entrepreneur or manager. As a result, staking is not covered… Read More at Coingape.com
