Smart Money Moves Behind SHIB's Burn Surge and Rollblock's iGaming Rise

The Shiba Inu (SHIB) price has shown signs of a potential bullish reversal following a sharp increase in its burn rate, which surged 1,661% in a single day to 1.24 million tokens burned. This has brought the total burned SHIB to over 410 trillion, leaving approximately 584.6 trillion in circulation. While the market cap of SHIB stands at $7.2 billion, the value of tokens burned on the day was only around $15 million, a modest figure but one that underscores the growing deflationary pressure on the token. Analysts have noted that this increase in the burn rate, combined with strong on-chain activity and positive momentum in the Shibarium Layer-2 network, could signal a potential bull run for SHIB.

Additionally, SHIB has experienced a significant shift in its on-chain dynamics. Open interest has increased to around $179 million, and the 20-day EMA has trended upward. The RSI is currently at overbought levels, suggesting that buyers hold a slight edge. Short sellers have also suffered losses, with $115,000 worth of SHIB positions liquidated in the past 24 hours. Smart money wallets have seen a 62% increase in SHIB holdings, now holding 9.89 billion tokens, and exchange reserves have dropped to their lowest level since June. These developments point to a growing confidence among institutional and high-net-worth investors in SHIB’s long-term potential.

Meanwhile, Pepe Coin (PEPE) has struggled to maintain the momentum seen in earlier 2022. Despite its historical gains, PEPE has not replicated that success in recent months, with analysts suggesting that it faces challenges in sustaining strong demand. While Pepe Coin has a vibrant community and a unique meme-based appeal, its price has failed to break out of a consolidating pattern. This has led to comparisons with other altcoins, particularly Rollblock, which is gaining attention for its structured growth strategy and real-world utility in the iGaming sector.

Rollblock (RBLK) is rapidly emerging as a strong contender in the crypto space, with a presale that has already raised $11.6 million and a live iGaming platform processing over $15 million in wagers. Unlike many altcoins that are still in development, Rollblock is already operational, offering over 12,000 AI-powered games, including poker, blackjack, and sports prediction leagues. The project has also secured an Anjouan Gaming license and has been fully audited by SolidProof, providing a level of credibility and transparency that is rare in the early stages of crypto projects. Weekly buybacks and token burns further contribute to a deflationary model that analysts believe could support a 40x growth in the long term.

XRP has also faced mixed market sentiment, with its price consolidating below the $3.00 level. While it has recorded a 445% gain over the previous year, the token has dropped by more than 10% in the past month, reflecting a cautious outlook among traders. Analysts have noted that XRP remains range-bound, with volume still low relative to past booms. A breakout above $3.20 is seen as a critical milestone, but the bearish outlook remains strong if the price fails to maintain above $2.70. In contrast, Rollblock is being tipped as a stronger long-term growth candidate, with its deflationary mechanics and expanding iGaming reach positioning it to outpace XRP’s muted performance.