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Shiba Inu (SHIB) whales are showing initial signs of awakening, according to on-chain data. According to IntoTheBlock data, Shiba Inu's large transaction volume, an indicator that signals whales' activity, has increased by 72.48% in the last 24 hours, reaching $20.85 million, or 1.63 trillion SHIB.
The cryptocurrency market has continued to consolidate over the past couple of days. Despite this development, traders, particularly meme coin holders, remain optimistic about the future.
Shiba Inu's lead ambassador, Shytoshi Kusama, has been silent on social media since early March, leaving netizens to ponder over what the pseudonymous marketer and the decentralized crypto's developers are up to.
Shiba Inu price garnered significant investor attention on Saturday, surging against the backdrop of a weekly SHIB burn saga. The latest burn metrics by the coin's community indicated a staggering 535 million tokens destroyed in the past 7 days.
Shytoshi Kusama, the enigmatic Shiba Inu lead, has remained silent on X, bringing his social media presence almost down to zero.
The Shibburn data tracker, popular within the Shiba Inu community, has spread the word about a large spike in the weekly SHIB burn rate when half a billion meme coins have been moved to unspendable wallets.
While Shiba Inu Price is showing early signs of recovery, a massive rally would be needed to hit this milestone.
After hitting recent lows, XRP has recovered, significantly rising by about 20%. After striking important support levels, the asset quickly recovered, giving investors new hope.
Shiba Inu (SHIB 5.64%) is among the leading so-called meme tokens in the market. This is a token that tends to rise and fall on the basis of animal spirits, with speculators and traders largely driving outsize moves in this particular cryptocurrency utilizing (in many cases) leverage to place bets on the direction this token will head over short periods of time.
Shiba Inu's price has crashed into a bear market this year, wiping out $12 billion as its market cap dropped to $7.4 billion.
Check out what suggests that SHIB's valuation might head north soon.
Floki (CRYPTO: FLOKI) is gaining momentum as speculation of problems with trading the meme coin on Coinbase has been disspelled. What Happened: In an X post on Friday, Floki dismissed rumors of a Coinbase delisting, confirming that the platform is only halting trading in New York—a region that accounts for just 2-5% of FLOKI's volume on Coinbase.
The Shiba Inu (SHIB) community has been put on high alert following a crucial warning from Susbarium Shibarium Trustwatch, a Shiba Inu-focused X account dedicated to uncovering scams and protecting the Shiba Inu community.
There are times when price moves on the crypto market seem to follow a predictable path, respecting key levels and playing within the boundaries of well-established indicators. Then there are moments when a coin like Shiba Inu (SHIB) appears to be winding up for something bigger, something that could potentially shift its trajectory big time.
The SHIB burn rate skyrocketed by 27,660% in the past 24 hours, with 503,305,764 SHIB permanently removed from circulation, according to Shibburn. This dramatic increase was primarily driven by a single massive burn of 459,294,504 SHIB, with the remaining amount burned through smaller transactions.
Shiba Inu bulls have staged a mild comeback for the digital currency after more than a week-long SHIB sell-off. While still not out of the woods yet, the price of Shiba Inu was changing hands for $0.00000125, up by 2.87% in the past 24 hours, per CoinMarketCap data.
Popular blockchain tracker Shibburn has published a tweet, notifying the community about a mammoth amount of SHIB has been burned since last morning.
Since the first week of December 2024, the Shibarmy has experienced a choppy market for Shiba Inu (SHIB) akin to Ethereum (ETH). The mid-cap dog-themed memecoin, with a fully diluted valuation of about $7.
The total cryptocurrency market cap has lost more than $1 trillion in the past three months, causing intensified panic selling.
Shiba Inu is not only seeing a decline in price, but also a falling Open Interest. A technical outlook reveals a potential reversal.
Shiba Inu (SHIB) price has gained attention recently, but it is struggling to maintain momentum. Currently, SHIB is hovering near the $0.000011 support level, showing difficulty in recovering.
Shiba Inu (SHIB) whales are waking up again, as showcased by the significant on-chain activities. In the last 24 hours, SHIB whales have engaged in large transactions, which have jumped by 67%.
According to data from Shibburn, only 1,813,008 SHIB tokens were burned in the past 24 hours. Despite the relatively small amount, the daily burn rate has surged by a surprising 112%.
Wall Street analysts have raised their recession predictions, a move that may affect Bitcoin and other popular altcoins like Shiba Inu, Dogecoin, Ripple, and Cardano.
