Burn Rate Soars and Historical Gains Hint at SHIB Dropping a Zero

By: cryptosheadlines|2025/05/09 20:45:03

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com – Advertisement –Shiba Inu (SHIB) is showing signs of a potential rally as its burn rate soars by over 358% and historical May data points to strong average gains of 61%.With 329 million SHIB recently burned and growing investor interest, the community is hopeful the token could soon drop another zero from its price.Shiba Inu is once again in the spotlight as its community takes a notch up as it intensifies its token burns. These efforts have coincided with market data hinting at a potential for a major price rally in May.At the time of press, SHIB is swapping hands with $0.00001527 jumping 13.22% and 13.66% in the past 24 hours and past week respectively. This has further increased hopes of the token finally dropping another zero, a feat it briefly achieved before retreating.Adding on to the enthusiasm, SHIB exec has posted a more bullish aspiration for the memecoin. In a post on the X platform, LUCIE stated;Affirmation: Shib’s about to do a 1000% in 3 daysMore SHIB Tokens Being BurnedAccording to data from wallet tracker Shibburn, SHIB’s weekly burn rate soared by a staggering 358.82%, driven by the destruction of 329,633,128 SHIB in the past seven days alone. The largest single burn during this period accounted for 263.7 million SHIB, permanently removed from circulation.Although the daily burn rate has recently dipped to the red zone at -97.49%, it had earlier jumped an eye-watering 468,968% in a single day, thanks to the community torching nearly 19 million SHIB.These burns contribute to a broader trend of supply reduction. Of the original one-quadrillion Shiba Inu tokens, 410.7 trillion have been burned, including 500 trillion famously sent to dead wallets by Ethereum co-founder Vitalik Buterin in May 2021. As of now, approximately 584.4 trillion SHIB remain in circulation.Burning tokens reduces supply, potentially boosting scarcity and, by extension, price. And SHIB’s historical performance in May gives further reason for optimism. Data from Cryptorank reveals an average May return of 61% over the last four years. The standout month was May 2021, when SHIB skyrocketed by 355.4%, while May 2024 saw a modest but encouraging 13% gain.Despite the bullish sentiment, the SHIB team is urging caution. Lucie, the project’s official marketing lead, recently warned the community about an uptick in cryptocurrency scams targeting SHIB holders. She emphasized the importance of adhering to basic security practices and the crypto mantra “DYOR” (Do Your Own Research), especially when interacting with new projects or giveaways related to the SHIB ecosystem.While current momentum alone may not be enough to erase a zero, the confluence of an aggressive burn strategy, favorable historical trends, and a growing community could set the stage for a significant rally. If SHIB manages to build on its recent gains and sustain buying pressure through the rest of May, the long-discussed milestone of trimming a zero from its price might not be far off.Source link

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.