The crypto world continues to astonish with its twists and turns. This article discusses Saylor's Bitcoin investment proposal to Bezos, a decline in new XRP investors, and a significant increase in SHIB's burn rate.
Saylor Proposes Bitcoin Investment to Bezos
The Daily Mail recently reported that Amazon founder Jeff Bezos is planning to marry his fiancée Lauren Sanchez in a $600 million ceremony. Bezos denied these claims on social media, calling the story completely false. Nevertheless, MicroStrategy cofounder Michael Saylor suggested Bezos consider investing that amount in Bitcoin, noting the substantial amount of cryptocurrency that could be purchased.
XRP Faces Decline in New Investors
Recent on-chain metrics indicate a concerning trend for XRP. According to data from XRP Scan, the number of new accounts has sharply declined, dropping to 1,756 on December 22, 2024. This significant reduction suggests that XRP is losing its appeal to new investors. Current activity on the Ledger is also reduced, reflecting waning interest from both retail and institutional users. The price of XRP stands at $2.30, and despite a negative outlook, potential partnerships or network upgrades might change the situation.
SHIB Burn Rate Surge and Its Effects
Data from Shibburn shows that 6,690,287 SHIB were burned on December 23, leading to an impressive 936.52% increase in the daily burn rate. However, despite this surge, the weekly figures remain negative, showing nearly a 60% decline, with 62,381,241 SHIB coins locked in unspendable wallets. At the time of writing, SHIB is trading at $0.00002303, up 8.05% from the previous day.
The crypto landscape is dynamic: from Bitcoin investment suggestions to declining interest in XRP and increased SHIB burn activity. Staying abreast of these changes and trends is crucial as they may alter the market landscape.
