The Shiba Inu community achieved a big goal in burning tokens on May 31, 2025. The ShibTorch system which burns SHIB tokens, acknowledged burning a total of 1,172,072,308 SHIB. This number reflects a 5.62% increase compared to the previous week. Shiba Inu Army Drives Token Scarcity The ShibTorch portal also shared details of recent burns over the past few days. On May 31 at 6:01 UTC, 20,579,943 SHIB tokens were burned. On May 28 at 20:44 UTC, 13,091,149 tokens were removed. A day earlier, on May 27 at 5:30 UTC, 14,374,042 tokens vanished. These actions are part of the community’s plan to decrease the total number of SHIB tokens available. The point of burning Shiba Inu tokens is to lower the supply which can boost its worth. The recent burns show how active the community is in supporting this goal. Their participation in ShibTorch reveals that the SHIB Army cares… Read More at Coingape.com
Traders are convinced the altseason is either here or just about to explode. After Bitcoin’s massive surge last week, profits are flooding into riskier assets, setting the stage for altcoins to take the spotlight.
Bitcoin has held strong above $94,000 despite macro uncertainty. While altcoins have remained relatively neutral today, they have posted gains of 5-13% over the past week.
The latest Santiment analysis shows a rise in both price action and the social media volume across the crypto market in the past week. Bitcoin leads the way with a 23.21% rise in social volume, followed by Ethereum, XRP, and meme coins like TRUMP and PEPE seeing notable attention.
Wrapped TRON, TRUMP Tokens Surge 150%
On the price side, several altcoins outperformed, with Wrapped TRON and Trump-themed tokens posting massive gains of over 150%. Sui, UGold, and PEPE were among the top gainers. The total market cap grew over 10% to $3.81 trillion, and the trading volume surged 21.38%, which shows growing momentum in the market.
The TRUMP token spiked both in price and social volume around April 23, driven by strong community hype before slightly cooling off. There has been a rising interest in altcoins over the past month. The increase in social volume and BTC price strongly hints at an upcoming altseason.
Altcoins Gain Attention as Social Volume Peaks
The social volume for altcoins has also steadily increased, peaking around April 23-26. Altcoins’ share of total discussions rose after April 17, which shows that market participants are shifting focus to higher-risk, higher-reward assets.
Bitcoin’s price has also been rising, which creates a favorable condition for an altcoin rally. Although there was a slight pullback in volume and dominance, it could be a temporary sign to stay cautious in the short term. It is also important to note that there has been a big jump in discussions around memecoins like Doge.
Analyst Ash Crypto, in his recent X post, warned users against selling altcoins at a 50% loss, suggesting that holding them could lead to gains (5x-20x) in the next year. Despite the challenges of the 2022 bear market and the possible future crash due to tariffs, he believes that trillions in new crypto investments will flow in 2025 through Quantitative Easing.
The post Altcoin Season 2025 Has Arrived, Santiment Data Shows appeared first on Coinpedia Fintech News
Traders are convinced the altseason is either here or just about to explode. After Bitcoin’s massive surge last week, profits are flooding into riskier assets, setting the stage for altcoins to take the spotlight. Bitcoin has held strong above $94,000 despite macro uncertainty. While altcoins have remained relatively neutral today, they have posted gains of …
Bitcoin Pizza Day marks a significant event in the crypto industry’s history, as it resulted in the first-ever commercial payment transaction for this digital asset. As clear as its name, it has something to do with Pizza, and someone had paid 10,000 BTC for that. Interestingly, the same 10,000 tokens are worth nearly $1 billion today. Let’s discuss the key details. Bitcoin Pizza Day Celebrates Laszlo Hanyecz’s BTC Transaction The renowned Bitcoin Pizza Day is celebrated on May 22 and will mark the 15th anniversary tomorrow. It is celebrated by crypto enthusiasts and platforms all around the world, as the programmer Laszlo Hanyecz purchased two pizzas for 10,000 BTC, fifteen years ago. Not only did he buy Pizza with a digital currency, but he also marked the first commercial usage of BTC in history. Sources reveal that, on May 22, 2010, Hanyecz utilized 10,000 BTC, equivalent to $42 at the… Read More at Coingape.com
