SHIB Burns 28M, Solana Holds $180, BlockDAG's $0.0020 Price Freeze Ends June 13 With 20 Listings Revealed

As the crypto market gears up for a potential breakout phase, certain names are standing out with strong activity and clear developments.

Shiba Inu (SHIB) has seen a massive surge in its burn rate, with over 28 million coins burned in the past 24 hours, Chain data showed. This action represents a 6,519% surge in its burn rate.

As market interest in Shiba Inu continues to grow, analysts at Best Coins Now are closely monitoring the meme coin’s price movements. If SHIB manages to maintain support above the $0.00001500 level and breaks out of the immediate resistance at $17, the next price target to watch will be $0.0000224.

However, despite the significant burn event, there hasn't been an immediate impact on the price of SHIB. The coin is currently trading at $0.00001530.

Shiba Inu is a popular meme coin known for its active community and frequent engagement in driving deflationary moves. This activity has brought fresh attention to SHIB's on-chain activity.

Solana's strength through the lens of DEXes

Solana (SOL) has shown remarkable resilience with its price hovering around $180, showing strength despite macroeconomic headwinds.

One metric highlighting Solana's activity is the staggering $180 billion in volume recorded by decentralized exchanges on the network in Q1 2025, according to TokenInsight data.

This volume is largely driven by private swaps and meme coin trades, highlighting Solana's ability to attract diverse liquidity.

Solana's daily MACD also indicates bullish crossover, further supporting the positive market sentiment.

While several altcoins have struggled to maintain gains, Solana remains one of the strongest performers.

Shiba Inu (SHIB) saw a massive surge in its burn rate, with over 28 million coins burned in the past 24 hours, Chain data showed. This action represents a 6,519% surge in its burn rate.

As market interest in Shiba Inu continues to grow, analysts at Best Coins Now are closely monitoring the meme coin’s price movements. If SHIB manages to maintain support above the $0.00001500 level and breaks out of the immediate resistance at $17, the next price target to watch will be $0.