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‘Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) is cheering the significant whale movements in the meme coin leading to an upbeat momentum in Shibarium statistics. What Happened: Lookonchain data revealed that a major Shiba Inu investor spending 4,849 Ethereum (CRYPTO: ETH), equivalent to $18.44 million, to acquire 715.9 billion SHIB over the past day.
Jeo Boden, a meme coin parodying President Joe Biden , has been listen by cryptocurrency exchange Kraken, prompting its price to surge by over 40%. What Happened: The exchange announced the listing of BODEN (CRYPTO: BODEN) and TREMP (CRYPTO: TREMP), a meme coin parodying former President Donald Trump, on its X profile.
In a surprising move that has caught the attention of the cryptocurrency community, a dormant Shiba Inu whale has awakened after several years of inactivity to purchase a staggering 323 billion SHIB tokens, valued at $8 million. This acquisition highlights the renewed investor interest and confidence in the memecoin amid favorable market conditions.
Spot On Chain's recent findings highlight significant activity on the Shiba Inu (SHIB) token market, as early investors acquired a substantial amount of SHIB again. This sudden influx into old wallets, nearing one trillion SHIB, raised speculation about a potential pump in the Shiba Inu token price similar to the 2021 bull run.
As the majority of assets in the cryptocurrency market start to make significant advances, Shiba Inu (SHIB) is no exception, having already gained close to 9% to its price in just the past 24 hours, and artificial intelligence (AI) and machine learning algorithms predict more gains.
65% of all SHIB holders are currently sitting on paper profits following the latest price increase.
Shiba Inu Coin has gained notable traction with SHIB price rising nearly 10% today amid significant whale accumulation. Notably, a recent report reveals that an early buyer, who previously made $145 million from SHIB, is once again amassing the meme coin.
Crypto enthusiasts and traders are excited about rumors that Algotech (ALGT) may list on major exchanges by the third quarter of this year. Industry experts predict this could spark a huge price rally, just as witnessed with popular meme coins like Shiba Inu (SHIB) and Pepe (PEPE).
Shiba Inu (SHIB) has also joined other altcoins in the recent run-up within the broader cryptocurrency market. As a result, the SHIB price has surged by 10% in the last 24 hours, as an early Shiba Inu whale reawakens after nearly three years of inactivity, buying a massive 323 billion SHIB coins within hours.
Shiba Inu's blockchain platform, Shibarium, has seen a significant increase in activity, with the number of new accounts rising by 3,436% in just 24 hours. Data from Shibariumscan shows that new accounts on the network jumped from 30 to 1,031 overnight, indicating a substantial rise in user engagement.
With the bull run taking shape in the crypto market, the meme coins are spearheading the massive jumps. The BONK, SHIB, and FLOKI coins perform overnight jumps and sustain the momentum today. With FLOKI trading at all-time high levels, the upside potential in SHIB and BONK attracts additional demand.
Shytoshi Kusama, the mysterious lead developer and co-founder of the Shiba Inu (CRYPTO: SHIB) project, shared intriguing updates from his Middle East trip, sparking curiosity among the memecoin's fanbase. What Happened: On Tuesday, Kusama posted about his experiences in the Middle East, expressing his admiration for the culture and his connections there.
Dog-themed cryptocurrency Floki (CRYPTO: FLOKI) exhibited another stellar performance Tuesday, emerging as the hottest memecoin in the market. What Happened: The coin named after Tesla CEO Elon Musk's Shiba Inu dog, was the fourth-best performing cryptocurrency, and the biggest memecoin gainer in the last 24 hours.
Despite having a good year in 2024, the Shiba Inu price has yet to beat its previous all-time high price of $0.00008. This has sparked speculations of whether the meme coin would be able to reach new milestones such as $0.0001.
Shiba Inu plunged below the 50 EMA mark, which is considered a crucial support level for the asset. Unfortunately, with the price below that important level, some possibilities for Shiba Inu are closed.
Analysis of the token shows that it will take more than bullish sentiment for the price to surpass its all-time high.
The Shiba Inu daily active addresses were relatively stable over the past two months, but weighted sentiment was negative.
The Shiba Inu (SHIB) community is preparing for a mega price explosion as the crypto asset demonstrates strong bullish signals following a major breakout.
A notable Shibarium team member stressed that while the token cannot be taken down from exchanges, traders should exercise best practices.
Shiba Inu (SHIB), the dog-themed memecoin bagged a notable win as it got recognized by CF Benchmarks, one of the world's leading digital asset index providers. Shiba Inu making it into CF Benchmarks' Large Cap Asset Index signals growth on the part of the token.
In the last 24 hours, dog-themed cryptocurrency Shiba Inu (SHIB) has seen a nearly 3% drop in its value. At the time of writing, SHIB was down 2.47% in the last 24 hours to $0.000024, after reaching intraday lows of $0.00002284.
Shiba Inu (SHIB) was subjected to a major downtrend as market investors failed to hang onto the hype within the ecosystem on updates from lead developer Shytoshi Kusama. At the time of writing, Shiba Inu is changing hands for $0.00002401, down by 4.89% in the past 24 hours.
Traders are increasingly bullish on Bonk (CRYPTO: BONK) following its listing on the CF Index. What Happened: Bonk has been included in the CF Broad Cap Index alongside cryptocurrencies like Pepe, Fetch.ai and Sei.
The mysterious leader of the Shiba Inu team known within the SHIB community as Shytoshi Kusama has emerged on the X social media platform after a period of low activity.
