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Shiba Inu soars over 17% on heels of burn rate spike

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Dog-themed meme coin Shiba Inu is currently up by 17.7% for the day and 30% over the past week. 

The upward momentum marks the highest Shiba Inu (SHIB) reached since April 1.

Shiba Inu soars over 17% on heels of burn rate spike - 1
Source: CoinGecko

Multiple media reports suggest the rally is due to a massive burn rate spike — over 7,400% — and a reduced supply. Whether this momentum will be sustained remains to be seen.

In a Nov. 21 X post, Analyst Ali Martinez predicted that SHIB could climb to $0.000037— 54% above its price at the time.

Another analyst, Javon Marks, anticipated a potential rally to $0.000081, representing an increase of over 200%.

Shiba Inu tokens keep burning

On Sunday, Shiburn data revealed a 984.26% spike in Shiba Inu token burns over the past seven days, with the circulating supply now at around 589.2 trillion.

Crypto.news previously reported that Shibarium, its layer-2 blockchain, processed more than 541 million transactions in recent months.

Observers note that the network growth is bullish for SHIB, as transaction fees — collected in BONE tokens — are partially converted into SHIB and burned, further lowering supply.

BONE is the governance token of the Shiba Inu ecosystem, enabling holders to participate in decision-making via the so-called Doggy DAO.

It is essential for the Shibarium Layer 2 blockchain, where it is used to pay gas fees and incentivize validators and delegators. Its role highlights Shiba Inu’s transition from a meme token to a broader blockchain project with decentralized governance and utility.

SHIB whale accumulation is also a trend. Per IntoTheBlock, large holder netflow surged by 256% on Nov. 21. Whales accumulated 393.48 billion SHIB tokens worth over $9.8 million, compared to the $6 million sell-off recorded the previous day.

Bitcoin’s (BTC) anticipated surge to $100,000 could also prople the Shiba Inu rally.

Shiba Inu began as an experiment in community-driven cryptocurrency and was heavily inspired by Dogecoin (DOGE), branding itself as the “Dogecoin Killer.”

Unlike traditional cryptocurrencies, Shiba Inu emphasized decentralization and a grassroots approach, relying on its community, the “Shib Army,” for growth and adoption.

The token’s creator, known only as “Ryoshi,” has maintained anonymity and described themselves as unimportant, stating the project belongs entirely to its community.





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Who are the mystery guests invited to Trump’s meme coin dinner party?

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The exclusive Trump dinner for the top 220 meme coin holders is scheduled to take place on May 22 at 7:00 PM. Here are some of the names reportedly attending.

According to an email sent to invitees, guests are expected to arrive at the Trump National Golf Club in Washington, D.C. around 5:30 PM local time, with dinner scheduled to begin at 7:00 PM. The dress code requires formal attire, including “Evening Dress for Ladies.”

Before attending the invite-only dinner, all guests were required to pass a background check. According to a report from Bloomberg, the top 25 holders will be given a tour of the White House. In total, there are 220 TRUMP (TRUMP) meme coin holders eligible to receive an invite to the exclusive dinner with the President of the United States. However, the exact number of attendees is still unknown.

So far, the number one holder of the meme coin is Tron (TRX) founder and the newest addition to Forbes’ world billionaires list, Justin Sun. Sun confirmed via his official X account that he will be attending the exclusive dinner at the White House after receiving his invitation.

“As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry,” said Sun in his post.

The top eight holders on the TRUMP meme coin leaderboard, May 21, 2025
The top eight holders on the TRUMP meme coin leaderboard, May 21, 2025 | Source: trumpdinner.gettrumpmemes.com

The second-largest holder on the leaderboard is Singaporean crypto startup MemeCore. The firm confirmed its attendance via a public post. Established in 2024, the firm aims to build a blockchain for meme coins created as jokes without any inherent value. MemeCore’s chief business development officer Ting Hsu told Fortune that the startup’s anonymous founder will attend the dinner on May 22.

Another notable figure on the list is Australian crypto investor Kain Warwick, as revealed by The New York Times. While not among the top 25 holders, Warwick is the founder of the crypto exchange Infinex.

When he first purchased the meme coins, he admitted through a post that he wasn’t sure whether they were legitimately linked to the President of the United States. He eventually invested money into the tokens after verifying they were real.

Additionally, Bloomberg reported that Danish crypto trader Morten Christensen and four of his trading friends managed to secure a spot on the invite list. He said they each spent just $1,200 to make the cut.

Christensen explained their strategy: buy TRUMP meme coins, short the same amount, then sell the tokens and close the short positions immediately after the dinner winners were announced on May 19.

At press time, the official Trump meme coin is up more than 8.8% in the past 24 hours. It is currently trading at $14.41. Over the past month, the token has surged nearly 75%. However, it still trades nearly 80% below its all-time high of $73.43. Its market cap has grown to over $2.8 billion.

Price chart for TRUMP in the past few days, May 21, 2025 | Source: crypto.news
Price chart for TRUMP in the past few days, May 21, 2025 | Source: crypto.news





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Top cryptocurrencies to watch this week: Trump Coin, XRP

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Cryptocurrency prices retreated last week after Bitcoin failed to move above the resistance level at $106,000 and as traders took profits. 

Bitcoin (BTC) price was trading at $103,000 on Sunday, while the recent Ethereum (ETH) surge hit a barrier. 

Looking ahead, some of the top cryptocurrencies to watch this week will be Ripple (XRP), Trump Coin (TRUMP), and Zetachain (ZETA).

XRP in focus ahead of CME futures launch

XRP price will be spotlighted this week as CME Group launches the first cash-settled futures on Monday. Futures contracts let traders bet or hedge against the future price of an asset without holding it physically.

The launch of XRP futures will be important as it will allow financial services companies to launch exchange-traded funds that track it. A good example is the ProShares Bitcoin ETF, which tracks the CME Bitcoin futures. 

The launch comes as the XRP price remains under pressure as it dropped from this month’s high of $2.65 to $2.4 today. 

Trump Coin in focus ahead of dinner

The Official Trump Coin price will be in the spotlight as its top holders meet with the U.S. president for a highly controversial dinner on May 22. Analysis shows that some of the attendees to the dinner will be foreigners, including Tron founder Justin Sun. 

There is a risk that the Trump Coin price will drop before and after the dinner. As the chart below shows, it has already formed a double-top pattern, a popular bearish reversal sign. 

An FT analysis also established that some guests have sold their coins at a big profit. More selling could intensify as some who expected to make the cut sell. Also, some of the attendees may sell their coins after the dinner ends. 

xrp price
XRP price chart | Source: crypto.news

Zetachain price in focus ahead of a big unlock

Zetachain, an emerging layer-1 network, will be in the spotlight this week as it continues its token unlocks. On Monday, the network will unlock tokens worth $11.34 million, or 5.31% of the float. 

These monthly unlocks will continue in the next few years since it has a circulating supply of 828 million against a total supply of 2.1 billion coins. 

The unlock comes at a time when the Zetachain network is not doing well. The ZETA token price has crashed by 18% from its highest point this month, while the total value locked in its network has dropped to $26 million in January to $18 million. 

Pendle, Melania Meme Coin, Pyth Network, and Solana are other top crypto projects with scheduled unlocks this week. Pyth Network’s unlock of $333 million tokens will be notable as it will represent a 58% of the float. 



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POPCAT eyes breakout moment after months of pressure below major level

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POPCAT is showing early signs of life as it presses against a level it hasn’t cleared in over two months. But can this altcoin finally shift momentum and kickstart a fresh trend?

POPCAT (POPCAT) is currently trading at a region that has historically acted as a price ceiling, the $0.39 level. This zone has suppressed price action for over 78 days, with each attempt at reclaiming it quickly being rejected. However, the current push appears more constructive, as the price grinds back into this level with strength. That said, a breakout alone isn’t confirmation, rather price acceptance and a structure retest are still necessary before any sustained upside can be considered likely.

Key technical points

  • The $0.39 region is a historical resistance level that has not been held above for more than two months.
  • Current price structure shows an attempt to reclaim this level with strength after a prolonged consolidation beneath.
  • A successful breakout and bullish retest could quickly drive price action toward higher targets near $0.70 and $0.95.
POPCAT eyes breakout moment after months of pressure below major level - 1
POPCAT USDT (1D) Chart Source: TradingView

The $0.39 resistance was last broken down with conviction and has held as a ceiling since, suppressing upside momentum and leading to a prolonged accumulation range. This made the level significant not just technically but also from a psychological perspective for both bulls and bears. Now, POPCAT is pushing back into this area with improved market intent, hinting at a possible deviation and reclaim structure.

This structure resembles a classic deviation setup, where the market fails to sustain a breakdown and flips resistance into support. In this case, what we want to see next is acceptance above the $0.39 mark — not just a wick or intraday spike. Multiple candle closures above the level, followed by a successful bullish retest, would be the key confirmation traders should watch for.

If such a move plays out, the next major resistance levels to monitor are $0.70 and then $0.95. These align with prior distribution zones and could be tested quickly if momentum builds. Volume confirmation will also be crucial, a low-volume breakout would be treated with caution, whereas a strong influx will lend credence to the structural shift.

What to expect in the coming price action

POPCAT remains in a technically bullish posture as long as it holds the $0.39 area once (and if) it’s broken. Watch for a confirmed breakout and retest , this would signal true acceptance and raise the probability of a continuation play. A failure to hold above this region, however, may result in another rejection and range-bound chop, delaying any further breakout attempts.

For now, the price is at a decision point, and how it behaves over the coming days will determine whether this is just another fade or the start of a much larger rally.



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