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Shiba Inu (SHIB) has many battles to fight to keep up its promising outlook. Shiba Inu whales have stepped up in the ongoing fight against sell-offs from some HODLers.
Concern is being raised by Shiba Inu after a crucial on-chain metric provides an unexpected glimpse into the condition of its holders. Data shows that only 2% of SHIB holders are classified as short-term investors, which indicates that very little of SHIB's supply is being purchased and sold quickly.
According to data from Arkham Intelligence, an unknown whale took practically 12.7 billion Shiba Inu (SHIB) tokens from the largest crypto exchange in the United States, Coinbase, late yesterday. This amount of the popular meme-inspired cryptocurrency is equivalent to just over one-fifth of a million dollars and represents nothing out of the ordinary.
The second biggest meme coin, Shiba Inu, has been depending on the SHIB burn mechanism in hopes of increasing its scarcity and providing more stability in the price. Even since the introduction of token burning, Trillion of tokens have been reduced from the total supply, but there is no significant difference in the SHIB price
The price of Shiba Inu (SHIB) has fallen further above the moving average lines. The bulls and bears are trying to hold above the 21-day moving average as the cryptocurrency continues to lose ground.
The cryptocurrency market is currently grappling with bearish trends, and Shiba Inu (SHIB) is no exception. Recently, SHIB saw a 3% drop in value over 24 hours, trading at $0.0000185.
The value of Shiba Inu, the second-largest meme coin behind Dogecoin, has been fluctuating a lot recently, much like many other coins in the crypto market.
According to the Shibburn meme wallet tracker, over the past 24 hours, the SHIB community has not advanced in burning their favorite meme coin. The data source shows zero Shiba Inu coins scorched with a minus 100% reading of this metric.
At the time of writing, Shiba Inu (SHIB) has experienced significant volatility in its burn rate, with data from Shibburn revealing a dramatic -100.00% decline over the last 24 hours, indicating no SHIB tokens were burned during this period.
Shiba Inus burn rate skyrocketed by 6,750% within a single day, eliminating 27.1 million SHIB tokens, despite a 7.31% decline in price this week. The surge in burns comes alongside heightened transaction activity, indicating strong community support for the tokens supply reduction.
Shiba Inus Shibarium blockchain hit an unprecedented all-time high, with activity spiking by 1,557% in just 24 hours. This surge pushed daily transactions to an astonishing 1.76 million, marking a significant milestone for the network.
Santiments latest analysis ranks Bitcoin, Shiba Inu, and Chainlink among the top cryptos with soaring market sentiment. As analysts predict Bitcoin could hit $230K, these coins are set to be major players in the next rally.
The recent SHIB burns have surged significantly, with over 300 million tokens burned in just a week. Despite this, price has continued its downtrend.
Shiba Inu is currently hovering close to a crucial trendline support level putting, it on the verge of a major breakdown. Any decline below this trendline could be problematic for the price of SHIB, as it has been crucial to sustaining the asset's growth trajectory.
Shiba Inu (SHIB) price, a meme-based cryptocurrency, is experiencing a market correction. In recent days, a notable decrease in the SHIB's value has been observed, indicating a bearish trend.
Bitcoin's correction ignited selling in altcoins, which are slipping below critical support levels.
Pseudonymous crypto trader Hoeem outlined a three-wave trading strategy to navigate the volatile meme coin markets. What Happened: Hoeem took to X to outline his approach that categorizes trading into three distinct waves.
Shiba Inu (SHIB) is in the news again, this time with a huge spike worth 1,557% observed on Shibarium. According to data from Shibariumscan, the layer-2 blockchain designed by and for the popular meme-inspired cryptocurrency, saw a spike worth that much in the last 24 hours.
Goatseus Maximus (CRYPTO: GOAT), an AI-created meme coin, has been gaining significant momentum, with a 160% week-over-week gain and a listing on centralized exchange ByBit. What Happened: ByBit on Wednesday stated that it had listed a GOAT perpetual contract for trading with up to 12.5x leverage.
Shiba Inu (CRYPTO: SHIB) is gaining attention from traders after a dramatic rise in its burn rate and daily transactions. What Happened: According to Shibburn data, Shiba Inu's burn rate skyrocketed by 6,750.7%, led by a 27.1 million coin burn 15 hours ago.
Shiba Inu network activity shows significant growth across multiple metrics, with a 6,750% increase in token burns, 240% surge in whale transactions, and 1,300% growth in Shibarium daily transactions.
Dog-themed crypto Shiba Inu (SHIB) has underperformed lately as investors focused on new and trending meme tokens such as POPCAT and PEPE. While the 5% price dip over the past week highlights weakness, recent trends suggest a potential comeback for SHIB.
Data provided by the public Shibburn tracker shows that there has been substantial progress in removing SHIB meme coins from the circulating supply over the last day.
Traditional memecoins like Shiba Inu, Dogecoin and Bonk have a major edge according to recent listing trends on Upbit, the biggest exchange in South Korea. DeSpread claims that the South Korean exchange has been cautious when it comes to listing memecoins taking into account only those that have been traded for a minimum of two years.
