OKB Faces Profit-Taking Pressure; Shiba Inu’s Burn Rate Soars Amidst Cold Wallet’s Quiet Rise

The crypto market is buzzing with activity, but not every breakout holds up to scrutiny. While OKB saw a dramatic 160% surge following buzz about a burn and potential IPO whispers, this rally was followed by a massive $58 million sell wall as coins moved onto exchanges. Meanwhile, Shiba Inu shocked the market with an astonishing 48,244% jump in its burn rate, eliminating over 87 million SHIB in a single day. However, past cycles show that supply cuts alone don’t always translate to sustained price growth.