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Shiba Inu whales are making waves after moving 2.1 trillion SHIB in just 24 hours. The sudden increase in whale activity has triggered speculation on whether a major price shift for SHIB is on the horizon.
Recent analysis shows that Shiba Inu's (SHIB) recovery prospects are closely tied to the broader altcoin market, which has seen prices plunge for months.
An analysis by the on-chain analytics platform Santiment recently revealed the current sentiment in the Dogecoin (DOGE) and Shiba Inu (SHIB) ecosystems. This has also provided insights into the future trajectory of these meme coins, as a rebound could be imminent.
9B Shiba Inu tokens go missing from the largest Indonesian crypto exchange: should SHIB holders be worried?
Shiba Inu, the popular dog-themed cryptocurrency, has recently experienced a significant drop in whale net flows, plummeting by over 30,000%. According to data from IntoTheBlock, the meme token's whale net flows—often used to track large investor activity—have declined by 30,045%.
A leading crypto analyst has utility-centered meme coins in his crosshairs. Austin Hilton says it's just a matter of time until Shiba Inu's next parabolic breakout. The analyst also expects huge gains for the new ICO token Crypto All-Stars. The Crypto All-Stars ($STARS) presale is ongoing, and it has just surpassed the $1.
Popular meme coin Shiba Inu (SHIB) has experienced a relatively calm period of on-chain activity in recent weeks. This calm pace has been mirrored in the token's price action, which has remained largely stable without any major fluctuations.
Dog-themed cryptocurrency Shiba Inu (SHIB) has recently experienced negative 30,045% growth in whale net flows.
The prices of Dogecoin, Shiba Inu, and PEPE have been on the come-up as the Bitcoin price has recovered. However, at this time, all of their profitability levels remain different, meaning investors in these meme coins are seeing varying levels of profit and losses.
The Shiba Inu price has risen by 1% in the past 24 hours, climbing to $0.00001336 after the WazirX hacker moved $23.3m in Ethereum this week.
Projects like DTX Exchange are gaining attention as potential disruptors of the traditional finance ecosystem. With traditional platforms facing high fees and complicated processes, investors and traders are shifting their focus to innovative solutions that offer higher leverage, lower fees, and no KYC requirements.
According to data shared by the Shibburn tracking platform, over the last 24 hours, the SHIB burn rate has gone deep down into the red zone, with just a tiny amount of meme coins extracted from the circulating supply.
There has been a notable increase in Shiba Inu on-chain activity recently. In a single day, a whopping 2.1 trillion SHIB transactions were recorded.
Here's what on-chain data reveals regarding the profitability of the different segments of the Dogecoin, Shiba Inu, and Pepe investors. Dogecoin, Shiba Inu, & Pepe Compared In Terms Of Investor Profits In a new insight post, the on-chain analytics firm Santiment has discussed how the three biggest memecoins in the sector, DOGE, SHIB, and PEPE, have been doing in terms of different indicators.
Popular dog-themed meme coin Shiba Inu has taken a hit as its small wallet holdings have witnessed a significant decline in the midst of general market uncertainty, which has triggered heightened fear among cryptocurrency investors.
The trading volume of Shiba Inu has been exhibiting an ascending dynamic, which suggests a critical reversal. This spike in volume suggests a growing interest in the asset, potentially signaling a change in market sentiment based on data from recent price charts.
In a disturbing turn of events, the attacker behind the WazirX cryptocurrency breach, who made off with $100 million in Shiba Inu, continues to launder stolen Ethereum (ETH). According to Spot On Chain, a leading on-chain intelligence and analytics platform, the WazirX attacker recently initiated the transfer of 10,000 ETH, valued at approximately $23.
Shiba Inu (SHIB) is enduring a wave of FUD, with data showing rising whale dominance and declining social media interest. Despite the negativity, some analysts see a potential recovery if Bitcoin rebounds.
The Shiba Inu (SHIB) ecosystem witnessed an 8,193% surge in its burn rate, temporarily lifting the price before broader market pressures caused a dip. Investors are watching closely for further signs of a deflationary impact.
Bitcoin recovered sharply from its intraday low, but holding these gains will determine whether bulls and dip buyers are ready to fight for a stronger trend reversal.
Is the Japanese rescue dog-themed coin finally gathering power to crack its almost three-year old all-time high?
"Shiba Inu is seeing its retail traders showing tremendous relief," Santiment stated.
According to a recent report released by analytics platform Santiment, meme Shiba Inu (SHIB) is currently experiencing "tremendous" levels of fear, uncertainty and doubt (FUD).
The bulls do not seem powerful enough to keep the growth going, according to CoinStats.
