Shiba Inu's burn rate skyrockets by 10,728%, Ripple releases 1 billion XRP, Bitcoin's price breaks the four-year market cycle — A Crypto Market Update
Shiba Inu's burn rate soars to new heights
Shiba Inu's 2026 journey begins with a bullish surge in burn rate, as on-chain data from Shibburn reveals a staggering 10,728.80% increase in the past 24 hours. This surge has led to the destruction of over a hundred million dollars' worth of SHIB in just one day, marking an aggressive deflationary trend.
The meme asset's burn activity is unusually high, with a single transaction involving 171.68 million SHIB sent to the burn address. Despite this, the total supply of SHIB remains at 585.29 trillion, indicating a strategic approach to scarcity.
Ripple's XRP escrow unlock and Bitcoin's price movement
Ripple, the enterprise blockchain company, unlocked 1 billion XRP at the start of January 2026, as per Whale Alert data. This release is part of a monthly schedule, with the escrow structure designed to limit Ripple's ability to sell XRP freely.
Bitcoin, the leading cryptocurrency, has broken its historical four-year cycle pattern, recording its first red candle post-halving. This shift is attributed to the introduction of ETFs and institutional capital, making Bitcoin a 'macro asset' with lower volatility.
The 'four-year cycle' theory, once reliant on post-halving supply shocks, has been disrupted. Bitcoin's all-time high was broken in March 2024, approximately one month before the halving, indicating a unique market dynamic.
