Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin Updates: Rising Privacy Concerns Propel Monero Ahead of Shiba Inu in Market Trends

Bitcoin Updates: Rising Privacy Concerns Propel Monero Ahead of Shiba Inu in Market Trends

Bitget-RWA2025/10/26 16:36
By:Bitget-RWA

- Monero (XMR) surpasses Shiba Inu (SHIB) in market cap as privacy demand drives 8.22% price rise to $331.52. - Shiba Inu emphasizes long-term utility amid phishing threats and 1,224.3% 24-hour token burn surge to reduce supply. - Institutional crypto ETF filings and Bitcoin's $160k 2025 forecast highlight evolving market dynamics and regulatory challenges. - SHIB faces 10% whale selling in 30 days while burn metrics volatility underscores broader crypto market fragmentation.

The

(SHIB) community is prioritizing lasting value and practical use rather than focusing on short-term price swings, as the token faces a volatile market filled with phishing scams, a surge in token burns, and a shift in investor interest toward privacy-centric cryptocurrencies. Although SHIB’s market capitalization stands at $5.87 billion—just behind Monero (XMR) at $6.11 billion—the project’s leaders are urging holders to remain patient, pointing to the project’s structural strengths amid changing industry dynamics.

Bitcoin Updates: Rising Privacy Concerns Propel Monero Ahead of Shiba Inu in Market Trends image 0

Monero recently climbed 8.22% to $331.52,

, moving it to 21st place on CoinMarketCap and overtaking Shiba Inu for the first time since its inception. This development highlights a wider trend of capital flowing into privacy coins, which provide both fungibility and confidential transactions. Monero’s daily trading volume reached $210 million, surpassing SHIB’s $181 million, indicating a rising appetite for tokens with real-world utility. Analysts such as Mert from Solana’s Helius maintain that privacy is “essential” for widespread adoption, and they foresee continued momentum for privacy-focused tokens like Monero, even in the face of regulatory scrutiny.

At the same time, Shiba Inu is dealing with its own set of issues. The project

about a phishing scheme impersonating official channels, where scammers attempt to trick users into linking their wallets to fraudulent websites. The Shiba Inu team stressed that .io is the only legitimate platform for ecosystem activities, advising the community to report any suspicious links and to revoke token permissions using services like revoke.cash.

Despite these threats, Shiba Inu’s token burn activity has soared, helping to offset market instability. According to Shibburn, there was a

in tokens burned within a single day, eliminating 920,761 SHIB from circulation. Some sources mention an , illustrating the unpredictable nature of burn statistics, which are influenced by low starting points and community-led supply reduction efforts. Over the last week, 229 million SHIB tokens have been destroyed, marking a 1,290.42% increase. These deflationary actions are intended to boost scarcity, though SHIB’s price remains under $0.000010, mirroring overall market weakness.

The larger crypto landscape is also undergoing changes. Established asset managers are entering the sector, with

for an actively managed crypto ETF that would include assets such as SHIB, , and . This initiative, from a $1.8 trillion investment firm, reflects the growing acceptance of digital assets among institutions. However, the SEC is currently facing a backlog of over 155 ETF applications—including those for XRP and Solana—due to the ongoing U.S. government shutdown.

Bitcoin’s performance continues to capture attention, with some analysts predicting that

. Bull Theory suggests that even a 0.2% shift of global assets into crypto could channel $93.8 billion into Bitcoin, using its liquidity multiplier to drive up its market cap. This positive outlook is supported by institutional investments exceeding $100 billion and reduced volatility, narrowing the gap between Bitcoin and traditional safe-haven assets like gold.

For Shiba Inu, future progress will depend on balancing community-led strategies with broader economic challenges. While increased burn rates and upgrades such as Shibarium’s plasma bridge are designed to support value, the project still faces issues like large holders selling and stagnant total value locked (TVL). In the past month, savvy investors have

in 30 days, reducing their stake to 46.8 billion tokens.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Update: The Appeal of Bitcoin Compared to Liquidity Concerns: S&P Removes Strategy from Index

- S&P Global downgraded Strategy Inc. to junk status, removing it from the S&P 500 due to heavy crypto exposure and liquidity risks. - The company holds 640,808 BTC ($74B) but faces $15B in convertible debt, risking asset liquidation if Bitcoin prices drop. - CEO Michael Saylor remains bullish, aiming for a $2T Bitcoin portfolio by 2040 despite market volatility and mixed crypto treasury results. - JPMorgan and others are adapting to crypto, allowing digital assets as loan collateral, signaling growing ins

Bitget-RWA2025/10/27 21:12
Bitcoin News Update: The Appeal of Bitcoin Compared to Liquidity Concerns: S&P Removes Strategy from Index

Uniswap News Today: MetaMask Token Buzz Highlights Drive Toward Ecosystem Decentralization

- MetaMask's potential token "MASK" speculation intensified after a password-protected claim portal emerged, raising 2025 launch odds to 35% on Polymarket. - Consensys CEO Joe Lubin hinted at a token as a "step toward decentralization," while a $30M loyalty program suggests ecosystem expansion efforts. - Co-founder Dan Finlay warned against phishing risks, emphasizing official channels for any token distribution amid past fake claim site attacks. - Market reactions highlight crypto volatility, with MetaMas

Bitget-RWA2025/10/27 21:12
Uniswap News Today: MetaMask Token Buzz Highlights Drive Toward Ecosystem Decentralization

Pudgy Penguins' Price Rally Resembles 2020 DeFi Boom with $0.026 Milestone Approaching

- Pudgy Penguins (PENGU) surged past a falling wedge pattern, targeting $0.026 as key resistance amid rising on-chain accumulation and technical strength. - High-net-worth investors accumulated 2.16M PENGU weekly, aligning with a bullish cup-and-handle breakout validated by expanding volume and RSI momentum. - Market optimism grows with Kung Fu Panda collaboration, $1.34B market cap, and $111M daily volume, though $0.018-$0.020 support remains critical for sustained gains.

Bitget-RWA2025/10/27 21:12
Pudgy Penguins' Price Rally Resembles 2020 DeFi Boom with $0.026 Milestone Approaching

Ethereum News Today: Ethereum Surpasses Bitcoin in Institutional Uptake as Companies Seek Better Returns and Enhanced Efficiency

- Ethereum's institutional adoption outpaces Bitcoin as corporate treasuries accumulate 5.98M ETH (4.94% of supply), driven by yield opportunities post-Proof-of-Stake transition. - BitMine Immersion's 77,055 ETH purchase (3.31M total) and SharpLink Gaming's $78.3M ETH buy highlight growing corporate demand amid easing trade tensions and rising ETH prices. - Market analysis notes $4,270 as critical resistance level, with $650M short positions at $4,100 reflecting cautious optimism despite record corporate E

Bitget-RWA2025/10/27 21:12
Ethereum News Today: Ethereum Surpasses Bitcoin in Institutional Uptake as Companies Seek Better Returns and Enhanced Efficiency