7 Crypto Facts of the Day: Shiba Inu (SHIB) Sell Wall, RLUSD Burn & NIGHT Translucent XRP/SOL
Jakarta, Pintu News – The latest report of the crypto news digest presents three important news in the cryptocurrency market on December 22, 2025, including major selling pressure on Shiba Inu (SHIB), supply reduction by stablecoin Ripple USD (RLUSD), and the performance of NIGHT token surpassing XRP and Solana , based on U.Today data and on-chain sources as well as observations of the current market ecosystem.
1. Shiba Inu (SHIB) Constrained by Sell Wall
Shiba Inu experienced price upside constraints due to a large sell wall on the exchange that held back the rally momentum despite continued token outflows from the exchange. A total of around 81.5 trillion SHIBs are in exchange wallets, creating huge selling pressure whenever the price tries to increase.
This large supply distribution explains why price increases are unsustainable, as the volume of demand is not strong enough to absorb the available supply, so price rebounds tend to be quickly halted by distribution activities.
Also Read: 7 XRP vs BNB Facts: Tight Competition for Top-3 Market-Watched Crypto Positions
2. SHIB Selling Pressure & Price Action
Whenever there is a sell-off in the SHIB market, prices tend to return to lower ranges, and the short-term rebound is not followed by strong buying volume. The high red volume data shows that selling activity is still dominant in the price movement structure.
Although reserves on the bourse have slightly decreased by around SHIB 500 billion over the past 12 months, the progress is relatively small compared to total supply and not enough to change the dominance of the sell wall.
3. Ripple USD (RLUSD) Cuts On-Chain Supply
The RLUSD stablecoin recorded an on-chain supply reduction of 500,000 tokens through a burn process sent to a null Ethereum address (0x000…), permanently removing the tokens from circulation.
This burn amount, while relatively small compared to RLUSD’s total supply of around 1.33 billion tokens, still reflects a strategic move by the project treasury to reduce supply and could have an impact on the stablecoin’s liquidity dynamics.
4. RLUSD Scalability and Activity
RLUSD trades actively with a daily on-chain volume of approximately $107.37 million and over 6,700 on-chain holders, making it one of the largest stablecoins by market capitalization.
The reduction of on-chain supply through burn confirms that some stablecoins are starting to explore supply control for dynamic response to market conditions.
5. NIGHT Token Beats XRP & SOL
The NIGHT token, part of the Midnight network built on Cardano , recorded significant 24-hour trading volumes reaching around $4 billion, surpassing XRP and SOL activity, according to CoinGecko data cited.
Charles Hoskinson, founder of Cardano and CEO of Input Output Global, stated that NIGHT’s trading performance marks the successful launch and growth potential of the Midnight network in attracting liquidity and user activity.
6. The Broader Context of Altcoin Market Activity
The action of tokens like NIGHT outperforming large assets like XRP and SOL reflects the diversification of crypto market interest beyond core assets like Bitcoin and Ethereum , where volume traffic and liquidity are moving to new projects that show rapid adoption after launch.
This provides context that the crypto market is constantly evolving with new tokens that are able to attract traders and investors based on their specific utility, as opposed to supply resistance as experienced by SHIB.
7. Technical Implications & Market Emotions
Heavy selling pressure and a sell wall-like supply resistance signal structural challenges for SHIB to sustain short-term price gains, especially without a significant increase in demand.
Meanwhile, the reduction in supply by stablecoins and the surge in the volume of new tokens show that different segments of the cryptocurrency market move with different dynamics, combining market technical factors, on-chain liquidity, and enthusiasm for new projects.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
FAQ
Why is SHIB’s sell wall holding back the price rally?
A sell wall is a large pool of SHIBs on an exchange that creates selling resistance, forcing the price back down whenever there is an increase in buying volume in the crypto market.
What effect will the RLUSD burn have on token supply?
The burn process removed 500,000 RLUSD from circulation, which permanently reduced the number of tokens available on-chain.
Who reported the high performance of the NIGHT token?
Charles Hoskinson, founder of Cardano, stated that the NIGHT token has outperformed XRP and SOL in 24-hour trading volume.
What does the high volume indicator say about the new token?
Large trading volumes such as $4 billion on NIGHT indicate strong liquidity and market participation for the token in the short term.
Does SHIB’s action mean the market is losing interest?
Heavy selling pressure does not necessarily indicate a lack of long-term interest, but rather a strong supply structure on the exchange that is holding back price increases.
Reference:
Dan Burgin/U.Today. Shiba Inu Sell Wall Stalls Price Rally, Ripple’s Stablecoin Cuts Token Supply, Cardano Founder Takes Jab at XRP and SOL – Crypto News Digest. Accessed December 24, 2025.
