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Data shared by prominent blockchain tracker Etherscan has revealed that over the past few hours, almost 30 billion Shiba Inu meme coins have been transferred, including transactions between anonymous cryptocurrency wallets.
Dog-themed cryptocurrency Shiba Inu (SHIB) has marked a significant achievement, surpassing 1.5 million holders, according to data from Etherscan. The latest count shows that SHIB has 1,500,742 holders, marking a major milestone for the dog coin.
Most crypto market tokens experience continuing price declines while showing few signs of recovery. The Federal Reserve head Jerome Powell is under intense market observation regarding his upcoming decisions.
Shiba Inu (SHIB) price remains in a bear market this week, mirroring the performance of other crypto coins. It has lost 62% of its value from its November highs, making it a bargain coin with huge potential.
Shibarium has pressed the gas pedal again after recording lower-than-usual activity in the past month.
A notable rise in large-holder inflows into Shiba Inu suggests that market dynamics may be changing. New on-chain data shows that whale inflows have increased by an incredible 365% in the last seven days, suggesting that major investors are once again interested.
Shiba Inu (SHIB), the second-largest meme coin by market cap, is facing a 42% drop in its burn rate, according to Shibburn data. In the last 24 hours, only 9,700,878 SHIB were burned, bringing the total burnt from the initial supply to 410.7 trillion tokens.
After being trapped in a falling trend in the past two months, Shiba Inu (SHIB), the largest dog-themed memecoin on the Ethereum (ETH) network, has possibly reached its correction bottom. The mid-cap memecoin, with a fully diluted valuation of about $7.
Shiba Inu (SHIB) has been on a downward trend in recent weeks, with its price dropping by over 34% since February. This latest movement has drawn some attention amongst investors, mainly because the token is approaching a support level.
An uninspired, fairly directionless cryptocurrency market was draining value from a wide range of altcoins on Tuesday. This wasn't quite a rout, but still, the general gloom hanging over various types of investments shaved the prices of quite a few of the less popular cryptos.
Amid the ongoing price decline, Shiba Inu (SHIB), the popular and second-largest meme coin, has seen a rise in its token burn rate and is now gaining significant attention from crypto enthusiasts.
The impact of large holder exits on Shiba Inu's market value dates back to early 2022, Glassnode study revealed.
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are struggling despite positive on-chain metrics and technical buy signals. While SHIB's burn rate is soaring and DOGE whales are accumulating, broader market sentiment remains cautious.
The last few days on the cryptocurrency market have not been as prosperous for crypto enthusiasts as is commonly believed. Let's face it, the last few weeks have been pretty tough, full of pain, controversy, doubt and, of course, fear and greed.
The bounce back might have finished, according to CoinStats.
Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest meme cryptocurrencies (dog-coins) by market capitalization, are both in worst performer list today. Meanwhile, once-leading meme coins like Floki (FLOKI), Dogwifhat (WIF) or Murad's pick SPX6900 (SPX), are losing steam in the top 100.
With recent price action indicating that bearish momentum may intensify, Shiba Inu is at a level it cannot breakthrough. Concerns that SHIB may be on the verge of another decline have been confirmed by the token's inability to rise above the 26-day Exponential Moving Average.
Shiba Inu's layer-2 blockchain, Shibarium, has been active and continues to register significant growth in the Ethereum ecosystem. The L2 protocol is now on the verge of hitting a major milestone in the number of blocks mined.
Dog-themed cryptocurrency Shiba Inu (SHIB) is at a crucial turning point as it faces a major supply test that could determine its next big price move. Ahead of Shiba Inu is a significant price range where 549 trillion SHIB are currently held, and a breakout past this level could trigger a 50% rally, making this a critical time for SHIB holders and traders.
Ethereum cofounder Vitalik Buterin recently got rid of a bunch of meme coins, selling a mix of lesser-known and fake tokens. According to data from OnChain Lens, Buterin made 315,382 DAI and sold a bunch of meme tokens, converting them into a total of 71.69 ETH, which is about $136,684.
The downward trend is even more pronounced when analyzing historical data.
Shiba Inu (SHIB) price has gained significant attention amid market volatility. With the potential for a 500% surge before April, the meme coin future remains uncertain.
The world of cryptocurrencies continues to be characterized by strong volatility, and the price of Shiba Inu (SHIB) is no exception.
SHIB whales have been exerting significant selling pressure on the memecoin.
