According to Binance market data, DOGS opened at 0.0018 USDT and is currently trading at 0.0011809 USDT.

According to CryptoPotato, the Shiba Inu team burned nearly 380 million tokens last month as part of its ongoing burning program. This initiative aims to reduce the circulating supply of SHIB tokens, potentially boosting prices if demand remains strong. The burning process involved 178 transactions, with the most significant burns occurring on July 11 and July 22, when over 70 million and 60 million SHIB tokens were destroyed, respectively. Despite these efforts, the USD equivalent of the burned tokens is relatively insignificant, and the burn rate in July represents a 58.5% decrease compared to June. Continuous token burns could positively impact SHIB's price, but this will largely depend on maintaining or increasing demand.

The price of SHIB has recently dropped by 4% over a 24-hour period, currently trading at around $0.00001583, according to CoinGecko. This decline aligns with a broader market downturn, where Bitcoin briefly fell below $64,000 and Ethereum dropped to around $3,100. However, there are indicators that suggest a potential resurgence for Shiba Inu. The Relative Strength Index (RSI), which measures the speed and change of price movements, is currently around 30, indicating that SHIB may be oversold and a correction could be imminent.

Additionally, advancements in the Shibarium network, a layer-2 blockchain solution designed to enhance the Shiba Inu ecosystem, could also contribute to a future SHIB rally. Shibarium aims to lower transaction costs, improve scalability, and increase transaction speed. Recently, the network surpassed a significant milestone, processing over 6 million blocks. These developments could provide the necessary momentum for a SHIB price recovery.

According to Cointelegraph: Hamster Kombat, the popular Telegram-based clicker game, has hit a staggering 300 million players in just under five months since its March 2024 launch. This impressive growth has positioned it as a standout in the realm of Telegram games and tap-to-earn games. The game's creators are now preparing for what they promise to be the "largest airdrop in crypto history," focusing on their native Hamster Kombat token (HMSTR).Rapid Growth and Potential RecordsHamster Kombat's meteoric rise, previously setting a record by hitting 100 million users within two months, could potentially earn it a Guinness World Record. The team recently announced an upcoming HMSTR token airdrop, which they claim will be the biggest ever in the Web3 industry.Airdrop Details and TokenomicsAccording to the announcement, 60% of the airdrop's volume will be distributed directly to players, while the remaining tokens will support market liquidity, ecosystem partnerships, grants, and squad rewards. The Hamster Foundation, the team behind the project, highlighted that there are no venture capital or early investments involved, ensuring that the token's value will be driven purely by organic demand and community engagement.Competing for the Title of Largest AirdropTo achieve the title of the largest airdrop in crypto history, Hamster Kombat's token distribution will need to surpass events like Uniswap's UNI airdrop, which had a valuation of over $6.43 billion. Whether they can reach this milestone remains to be seen.Future Developments and Ecosystem ExpansionBeyond the airdrop, the team has ambitious plans to expand the Hamster Kombat ecosystem. They aim to develop a comprehensive gaming ecosystem that includes PC and console games, intending to introduce the next billion players to the crypto world. Additionally, the Hamster Foundation plans to implement various revenue streams to sustain the ecosystem without depending on the sale of HMSTR tokens. This includes launching ecosystem grant programs for third-party developers, with funding denominated in fiat currency to minimize any selling pressure on the HMSTR token.Hamster Kombat is rapidly establishing itself as a major player in the Web3 gaming space, offering innovative experiences and opportunities for its fast-growing community.

According to Odaily, Whale Alert has reported that approximately ten minutes ago, three addresses on the Tron network were frozen, containing a total of over 140 million USDT.

The freezing of these addresses has raised concerns within the cryptocurrency community, as such actions can have significant implications for the affected users and the broader market. The reasons behind the freezing of these addresses have not been disclosed, leading to speculation about potential security issues or regulatory interventions.

This incident highlights the ongoing challenges and complexities within the cryptocurrency ecosystem, where the balance between security, regulation, and user autonomy continues to be a topic of intense debate. The Tron network, known for its high transaction speeds and low fees, has been a popular choice for many users and developers in the blockchain space.

As the situation develops, further details are expected to emerge, shedding light on the circumstances that led to the freezing of these addresses. The cryptocurrency community will be closely monitoring the developments to understand the broader implications for the market and the future of decentralized finance.