The price of Shiba Inu faces huge resistance from a massive selling wall, with a circulating supply of about 81.5 trillion SHIB in the exchanges creating ongoing supply pressure. Although about 500 billion SHIB are released each year, this reduction is negligible relative to the total supply, making it difficult to maintain a sustained upward momentum. Meanwhile, Ripple USD (RLUSD) has taken proactive measures to reduce holdings by burning 500,000 tokens worth $500,000 to an empty address on Ethereum. This on-chain token burning has decreased the circulating supply of this stablecoin, which has a market capitalization close to $1.33 billion. Additionally, it has been reported that the NIGHT token debut on the Midnight network based on Cardano performed spectacularly, with a 24-hour trading volume reaching $4 billion, surpassing XRP and.