Shiba Inu (SHIB) has burned 3 trillion tokens, resulting in a 20% price increase to $0.000012 per token amid market volatility. This burn reduced SHIB's total supply to 399.7 trillion, reinforcing its deflationary model. Despite the price surge, analysts caution that SHIB's limited use cases may pose challenges for long-term adoption. In other market movements, Fetch.ai (FET) experienced a 7% decline due to bearish sentiment. Meanwhile, BlockDAG's presale successfully raised over $420 million, attracting 12,000 early investors, with 60% of funds sourced from certified institutions. The project, focused on scalable data processing and AI integration, saw significant whale activity, including a $20 million purchase from a Hong Kong wallet, highlighting its appeal to institutional investors.