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Gate Square | 2/5 Today's Hot Topic: #BuyTheDipOrWaitNow?
🎁 [Community Perk] Post with the topic or #BTC, 10 lucky users * $100 position Voucher.
Market volatility continues as BTC breaks below the $74,000 key support level, with altcoins pulling back in sync. Are you buying the dip in batches or waiting for a better entry point?
💬 Today’s Discussion:
1️⃣ Bottom Signals: Where do you see BTC’s bottom — $70,000 or lower?
2️⃣ Market Drivers: Which recent macroeconomic news or rumors are influencing the market?
3️⃣ Dark Horses: Are there any resilient or outperforming tokens worth watching?
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Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
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https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
 burn rate has surged by 18 million tokens over the past 48 hours, coinciding with the stabilization of the SHIB price. On Tuesday, over 12 million tokens were burned, followed by an additional 5.3 million on Wednesday.
The price of SHIB stabilized at $0.00001175 this week after previously hitting its lowest level in months. This stability contrasts with broader market trends, where many cryptocurrencies saw significant recoveries following Donald Trump's announcement to suspend tariffs on Mexican and Canadian goods.
A key factor contributing to SHIB's price stability is the increasing burn rate, which has significantly reduced the circulating supply. Recent data reveals that a single address transferred over 12.63 million SHIB tokens to the burn address, B-2, which now holds over 45.5 billion SHIB. Additionally, another address transferred 5 million tokens.
The burn rate has now led to the removal of more than 410 trillion SHIB tokens from circulation, reducing the total supply to approximately 589 trillion. This ongoing burn process strengthens the token economy and holds the potential to positively impact SHIB's price by creating scarcity over time.
#ShibaInu $SHIB ,