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Shiba Inu’s biggest one‑day burn in six months (117 M SHIB), Dogecoin consolidates near short‑term averages, Remittix’s PayFi presale tops $31 M – key metrics
Shiba Inu burned more than 117 million SHIB in a single day on July 8, its largest one‑day reduction in six months, while Dogecoin hovered around short‑term moving averages and Remittix’s PayFi presale crossed $31 million, reigniting debate over the next crypto watchlist leader.
| At a glance | |
|---|---|
| SHIB burn | 117 M tokens (July 8) |
| DOGE price | Consolidating near short‑term MA |
| Remittix presale | $31 M raised |
| Catalyst | SHIB burn, DOGE momentum, Remittix utility rollout |
The July 8 burn event put Shiba Inu back in the spotlight, as the 117 million‑token reduction marks the project’s biggest one‑day burn since early 2023. Community members see burns as a supply‑reduction lever that could bolster sentiment, but price action has remained mixed, with traders waiting to see if the attention translates into higher volume or sustained price gains.
Dogecoin’s price has been largely flat, trading around its short‑term moving averages. Analysts note that DOGE’s movements often signal wider meme‑coin health, but its current stability appears tied to overall market confidence, Bitcoin’s direction, and risk‑on sentiment among traders.
Remittix’s PayFi platform, a crypto‑to‑fiat service that lets users send crypto with fiat payouts to bank accounts, is fully developed and already tested by community members. The project also launched Remittix Markets, a perpetual futures layer, expanding the RTX ecosystem. Its presale has now exceeded $31 million, edging toward a $32 million threshold that the team has said will trigger the official launch date announcement, and an airdrop registration is live for RTX holders.
The juxtaposition of a sizable SHIB burn, a steady DOGE, and Remittix’s utility‑focused growth highlights a split narrative: meme‑coin sentiment versus functional crypto services. Which storyline will dominate the next watchlist depends on whether burn‑driven hype can convert into price strength or if utility projects like Remittix can capture trader attention.
Coverage is mostly measured — 108 of 113 reports stay neutral.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 22, 2026 · How we report
More than 117 million SHIB tokens were destroyed in a single day on July 8, the largest one‑day burn in six months.
The report indicates that price action has remained mixed, with no clear sustained movement following the burn.
Shiba Inu is referenced as a historical example of viral hype that drove significant price gains after its Binance listing in 2021, serving as a benchmark for Pepeto's marketing narrative.