Shiba Inu Burn Rate Soars 6500%— Is SHIB’s 100% Rally Next?

By: cryptosheadlines|2025/05/14 10:45:04
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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 Key Insights:Shiba Inu burn rate surged 6,519% in 24 hours.SHIB price hit $0.00001577 before pulling back below resistance.Analyst targets a 105% upside if support holds.Shiba Inu’s (SHIB) explosive 6,519% spike in daily burn rate has drawn renewed interest as bulls attempt to push the memecoin above a long-term descending resistance.SHIB traded at $0.00001523 at press time, down 3.36% from the daily high of $0.00001577, according to Binance data. The price action marked a failed breakout attempt above the descending trendline that has capped rallies since Nov. 2023.The surge in SHIB’s on-chain burn activity coincided with a sharp 20% weekly gain, suggesting speculative flows may have returned. Shibburn reported over 28.2 million tokens burned in the past 24 hours, reversing a previous 7-day drop of more than 80%.Shiba Inu Coin Price Faces Rejection at Downtrend LineSHIB’s attempt to break out of its descending triangle structure stalled at the trendline. The memecoin has struggled to hold above $0.00001550, a level that marked resistance throughout the past week.SHIB/USD 1-day price chart | Source: TradingViewTechnical charts show SHIB remains inside a long-term bearish pattern stretching back to Dec. 2023. The pattern’s upper trendline rejected the latest upside move despite momentum indicators turning bullish. The daily Relative Strength Index (RSI) hovered around 59, still below overbought territory.Failure to confirm a breakout increases the risk of a return to support near $0.00001000. That level marks the triangle’s base and has held through multiple retests in 2024 and early 2025.Analyst Predicts 105% Upside—But Only if Support HoldsCrypto analyst Javon Marks believes SHIB could rally as much as 105% from current levels—if it confirms support above $0.00001500. In a post on X, Marks cited a bullish divergence and noted that SHIB had recovered 30% recently.Source: Javon Marks/X“SHIB’s been showing some notable strength... but this could be only a beginning,” Marks wrote. He pointed to a potential breakout target of $0.000081, roughly 4x from current levels.Still, that forecast assumes bulls maintain control above the key $0.00001500 threshold. Failure to hold this level could invalidate the breakout structure and trigger another leg lower.6,500% Shiba Inu Coin Burn Rate Jump Sparks SpeculationSHIB’s sudden burn rate jump to 28.2 million tokens in 24 hours—up from near zero—has rekindled discussion around tokenomics. While deflationary mechanisms rarely impact price in isolation, rapid spikes often coincide with social interest and short-term rallies.SHIB burn rate spikes 6,500% in 24 hours | Source: Shibburn/XTotal market cap declined nearly 3.7% in 24 hours to $9.2 billion, per Shibburn data. That decline came despite the burn rate spike, suggesting broader market forces may have capped gains.Weekly burn numbers, however, dropped 80.48%, highlighting the volatility in SHIB’s deflationary metrics. Some traders view high burn surges as coordinated marketing events rather than organic supply reduction.CPI, Broader Crypto Retreat May Limit Near-Term UpsideSHIB’s recent pullback could reflect broader crypto market caution. Investors stayed on the sidelines ahead of the May 15 U.S. Consumer Price Index (CPI) report. Risk assets, including Bitcoin and Ethereum, also lost momentum as traders hedged against hawkish inflation surprises.Source: Investing.comA continued slowdown in U.S. inflation could reignite crypto upside. Conversely, hotter-than-expected CPI may prompt further risk-off positioning, with SHIB and other altcoins vulnerable to deeper corrections.SHIB’s sharp gains outpaced most large-cap tokens last week, but the memecoin’s correlation with market sentiment remains high.Despite Monday’s rejection, some community voices remain optimistic. One post by @CryptoELlTES stated, “Why not a 17x for SHIB?”—highlighting the belief that SHIB remains in a strong accumulation zone.Source: Crypto Elites/XWhile those claims remain speculative, they echo the recurring optimism seen during past SHIB rallies. Still, traders must weigh those sentiments against technical structure and macro signals.Source link

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Before using Musk's "Western WeChat" X Chat, you need to understand these three questions

The X Chat will be available for download on the App Store this Friday. The media has already covered the feature list, including self-destructing messages, screenshot prevention, 481-person group chats, Grok integration, and registration without a phone number, positioning it as the "Western WeChat." However, there are three questions that have hardly been addressed in any reports.


There is a sentence on X's official help page that is still hanging there: "If malicious insiders or X itself cause encrypted conversations to be exposed through legal processes, both the sender and receiver will be completely unaware."


Question One: Is this encryption the same as Signal's encryption?


No. The difference lies in where the keys are stored.


In Signal's end-to-end encryption, the keys never leave your device. X, the court, or any external party does not hold your keys. Signal's servers have nothing to decrypt your messages; even if they were subpoenaed, they could only provide registration timestamps and last connection times, as evidenced by past subpoena records.


X Chat uses the Juicebox protocol. This solution divides the key into three parts, each stored on three servers operated by X. When recovering the key with a PIN code, the system retrieves these three shards from X's servers and recombines them. No matter how complex the PIN code is, X is the actual custodian of the key, not the user.


This is the technical background of the "help page sentence": because the key is on X's servers, X has the ability to respond to legal processes without the user's knowledge. Signal does not have this capability, not because of policy, but because it simply does not have the key.


The following illustration compares the security mechanisms of Signal, WhatsApp, Telegram, and X Chat along six dimensions. X Chat is the only one of the four where the platform holds the key and the only one without Forward Secrecy.


The significance of Forward Secrecy is that even if a key is compromised at a certain point in time, historical messages cannot be decrypted because each message has a unique key. Signal's Double Ratchet protocol automatically updates the key after each message, a mechanism lacking in X Chat.


After analyzing the X Chat architecture in June 2025, Johns Hopkins University cryptology professor Matthew Green commented, "If we judge XChat as an end-to-end encryption scheme, this seems like a pretty game-over type of vulnerability." He later added, "I would not trust this any more than I trust current unencrypted DMs."


From a September 2025 TechCrunch report to being live in April 2026, this architecture saw no changes.


In a February 9, 2026 tweet, Musk pledged to undergo rigorous security tests of X Chat before its launch on X Chat and to open source all the code.



As of the April 17 launch date, no independent third-party audit has been completed, there is no official code repository on GitHub, the App Store's privacy label reveals X Chat collects five or more categories of data including location, contact info, and search history, directly contradicting the marketing claim of "No Ads, No Trackers."


Issue 2: Does Grok know what you're messaging in private?


Not continuous monitoring, but a clear access point.


For every message on X Chat, users can long-press and select "Ask Grok." When this button is clicked, the message is delivered to Grok in plaintext, transitioning from encrypted to unencrypted at this stage.


This design is not a vulnerability but a feature. However, X Chat's privacy policy does not state whether this plaintext data will be used for Grok's model training or if Grok will store this conversation content. By actively clicking "Ask Grok," users are voluntarily removing the encryption protection of that message.


There is also a structural issue: How quickly will this button shift from an "optional feature" to a "default habit"? The higher the quality of Grok's replies, the more frequently users will rely on it, leading to an increase in the proportion of messages flowing out of encryption protection. The actual encryption strength of X Chat, in the long run, depends not only on the design of the Juicebox protocol but also on the frequency of user clicks on "Ask Grok."


Issue 3: Why is there no Android version?


X Chat's initial release only supports iOS, with the Android version simply stating "coming soon" without a timeline.


In the global smartphone market, Android holds about 73%, while iOS holds about 27% (IDC/Statista, 2025). Of WhatsApp's 3.14 billion monthly active users, 73% are on Android (according to Demand Sage). In India, WhatsApp covers 854 million users, with over 95% Android penetration. In Brazil, there are 148 million users, with 81% on Android, and in Indonesia, there are 112 million users, with 87% on Android.



WhatsApp's dominance in the global communication market is built on Android. Signal, with a monthly active user base of around 85 million, also relies mainly on privacy-conscious users in Android-dominant countries.


X Chat circumvented this battlefield, with two possible interpretations. One is technical debt; X Chat is built with Rust, and achieving cross-platform support is not easy, so prioritizing iOS may be an engineering constraint. The other is a strategic choice; with iOS holding a market share of nearly 55% in the U.S., X's core user base being in the U.S., prioritizing iOS means focusing on their core user base rather than engaging in direct competition with Android-dominated emerging markets and WhatsApp.


These two interpretations are not mutually exclusive, leading to the same result: X Chat's debut saw it willingly forfeit 73% of the global smartphone user base.


Elon Musk's "Super App"


This matter has been described by some: X Chat, along with X Money and Grok, forms a trifecta creating a closed-loop data system parallel to the existing infrastructure, similar in concept to the WeChat ecosystem. This assessment is not new, but with X Chat's launch, it's worth revisiting the schematic.



X Chat generates communication metadata, including information on who is talking to whom, for how long, and how frequently. This data flows into X's identity system. Part of the message content goes through the Ask Grok feature and enters Grok's processing chain. Financial transactions are handled by X Money: external public testing was completed in March, opening to the public in April, enabling fiat peer-to-peer transfers via Visa Direct. A senior Fireblocks executive confirmed plans for cryptocurrency payments to go live by the end of the year, holding money transmitter licenses in over 40 U.S. states currently.


Every WeChat feature operates within China's regulatory framework. Musk's system operates within Western regulatory frameworks, but he also serves as the head of the Department of Government Efficiency (DOGE). This is not a WeChat replica; it is a reenactment of the same logic under different political conditions.


The difference is that WeChat has never explicitly claimed to be "end-to-end encrypted" on its main interface, whereas X Chat does. "End-to-end encryption" in user perception means that no one, not even the platform, can see your messages. X Chat's architectural design does not meet this user expectation, but it uses this term.


X Chat consolidates the three data lines of "who this person is, who they are talking to, and where their money comes from and goes to" in one company's hands.


The help page sentence has never been just technical instructions.


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