Crypto Market Update: Shiba Inu Token Burns Cool Off in June, While Little Pepe (LILPEPE) Launches Presale
The post Crypto Market Update: Shiba Inu Token Burns Cool Off in June, While Little Pepe (LILPEPE) Launches Presale appeared on BitcoinEthereumNews.com.
The post Crypto Market Update: Shiba Inu Token Burns Cool Off in June, While Little Pepe (LILPEPE) Launches Presale appeared first on Coinpedia Fintech News The second quarter of 2025 has been unfolding with familiar drama in the meme‑coin universe. Shiba Inu (SHIB) captured headlines again as its token burn program blazed through millions of coins each month, fueling speculation of price support. Yet as June rolled in, burn rates noticeably tapered off. At the same time, a fresh contender has emerged from the digital swamp: Little Pepe ($LILPEPE), launching its presale with promises of ultra‑low fees, lightning‑fast transactions, and pure meme magic on a dedicated Layer 2 network. Shiba Inu Burn Rates Lose Steam in June For months, Shiba Inu’s community proudly tracked the number of SHIB tokens sent to inaccessible “burn” addresses. Each token burned represented a small victory in reducing the total supply and theoretically supporting price appreciation. In May, daily burn counts reached a peak with millions of tokens permanently destroyed. Yet as June unfolded, those figures cooled markedly. According to on-chain data, the average burn per day slipped from well over a million tokens in late May to a few hundred thousand in early June. This slowdown suggests that either large holders have paused their burn strategies or that overall trading activity in SHIB has dipped. Community Reactions and Market Implications The cooling burn rates have elicited mixed reactions from different quarters. Some long‑time SHIB advocates view the slowdown as a temporary lull, expecting burn volumes to rebound once the market heats up again. Others worry that without sustained deflationary pressure, SHIB’s price may struggle to maintain upward momentum, especially as larger market narratives pivot toward projects with fresh use cases. For traders, the reduced deflationary action might translate into a more stagnant short‑term outlook. Yet…
Filed under: News - @ June 11, 2025 6:23 pm