All articles tagged with #burn rate
An asset manager warns OpenAI faces a financial squeeze as massive cash burn and rising compute costs outpace any revenue gains, with losses cited around $12 billion per quarter and $15 million per day on Sora. The piece argues the AI hype cycle may be peaking, that energy and data-center needs are exploding, and that OpenAI could run out of money within 18 months, prompting calls to avoid the stock and related plays.
Shiba Inu (SHIB) experiences a 60% price surge as its burn rate spikes over 22,000%, leading to a significant decrease in token supply. While the Shiba Army community remains enthusiastic, some caution against the volatility and speculative nature of meme coins. The long-term success of SHIB may depend on the development of Shibarium and real-world use cases to establish itself as a serious player in the cryptocurrency market.
Robinhood has announced its decision to delist Cardano, Solana, and Polygon from its platform, but Shiba Inu (SHIB) remains unaffected. SHIB's price has surged by 5.88%, and its burn rate has increased by over 3000% in the last 24 hours, potentially contributing to increased scarcity and value. The survival of SHIB from the Robinhood delisting move has provided hope for SHIB holders and enthusiasts.
The price of Shiba Inu's ($SHIB) token has surged to its highest level since March 14th, reaching an intraday high of $0.1152 on Coinbase. The burn rate for $SHIB has also increased by 1,632% in the past 24 hours, with over 207 million tokens burned. The Shiba Inu community has continued the practice of burning tokens, gradually taking $SHIB out of circulation.