Post
L E V 1
$SHIB burn spiked on Oct 6, but 297.6M of it was one transfer, 42% of the 30-day total (Shibburn). Shibarium did 5,711 tx that day, then 1,142 by Oct 10, 40% under its 31-day average. By Oct 13 the daily burn was ~$1.
My read: neutral. The burn is lumpy one-off transfers, not chain fees, so I’m not leaning on it.
Levels I’m watching into end of Oct: $0.0000052 support, $0.0000056 resistance. A daily close above $0.0000056 on rising Shibarium activity would change my mind.
#TSMCQ3RecordProfit
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$73,642.5+0.01%
ETH/USDTEthereum
$2,058.95+0.02%
SOL/USDTSolana
$83.26+0.01%
Today’s market buzz
1#After the US October CPI exceeded expectations, AI stocks and crypto trends diverged
Hot
2#Goldman Sachs predicts Anthropic's revenue will exceed $600 billion by 2030
Hot
3#NebiusAI cloud business rapid growth faces earnings report test
