Whales buying as reserves drain could boost Shiba Inu Coin
As meme coin demand dropped this year, Shiba Inu Coin prices plummeted. As fundamentals and technicals converge, this rebound may cease.
As meme currency demand has declined, the market capitalization of all these tokens has decreased to $46 billion from around $100 billion.
Shiba Inu's fundamentals are strengthening, which could contribute to shorter-term gains.
Recently, token burn has rebounded. The daily rate jumped 170% on Friday, bringing token burning to over 410.75 billion since launch.
Additional data show that SHIB token supply on exchanges has plummeted. Today, its supply is 288.75 trillion, down from 366.1 trillion this month. Decreased exchange supply signals increasing token demand.
Vanguard expert calls Bitcoin a ‘digital Labubu’ due to dangerous tendency
Bitcoin fell below $90,000 today, Dec. 12, after a Vanguard executive called it a ‘digital Labubu’ and an ominous pattern formed.
Bitcoin fell drastically from its year-to-date high of $126,300 to $89,700 at press time. As AI worries grew, the Nasdaq 100 and S&P 500 fell over 1% during its decline.
Bitcoin fell when Vanguar senior executive John Ameriks called it a ‘Digital Labubu’. Labubu, a Pop-Mart plush toy, has witnessed demand rise and fall this year.
Bitcoin is hazardous because it lacks income, compounding, and cash-flow qualities, according to Ameriks. Other famous investors like Warren Buffett and Charlie Munger warned of these hazards.
Treasury President Predicts Bitcoin Will Reach $150,000 By 2026
In a DL News interview, BSTR president Katherine Dowling argued for bullishness. Despite the recent risk-off mood and price drop, I am bullish on Bitcoin in 2026. Besides clear fundamentals, we have supportive regulatory environment, quantitative easing, and institutional inflows.”
The prognosis is based on substantial U.S. financial structural adjustments.
President Trump signed the 'GENIUS Act' to regulate stablecoins. The Office of the Comptroller of the Currency (OCC) also allowed national banks to offer crypto brokerage services, removing a major hurdle for traditional financial institutions.
