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Shiba Inus (SHIB) whale activity skyrocketed 258%, with 6.42 trillion SHIB worth $175 million moved in 24 hours. Market watchers are speculating on whether this signals accumulation or a looming price breakout.

Dog-themed cryptocurrency Shiba Inu (SHIB) is seeing a significant increase in whale moves, with large transaction volumes up 258% in the last 24 hours, according to data from IntoTheBlock.

XRP is getting closer to breaking through its descending resistance line, which could signal a recovery. The asset has been battling within a declining trend for the past few weeks, but if momentum keeps building, its recent price movement suggests a potential recovery.

Shiba Inu price, a popular meme-based altcoin, has shown strong upward momentum following Bitcoin's recent all-time high of $107k. Over the past 30 days, SHIB recorded a notable 10% price gain, signaling growing investor interest.

Prominent crypto tracker Shibburn has published data showing that the SHIB community has remained dedicated to removing meme coins from the circulating supply.

Most of the coins have returned to the green zone, according to CoinStats.

Check out which users will be eligible for the token distribution.

In the last two days, over 1.78 trillion SHIB has been moved to exchanges.

Shiba Inu (SHIB -0.30%) entered the cryptocurrency scene with a bang. It generated a return of 45,278,000% in 2021, which remains one of the best annual gains in the history of financial markets -- it would have been enough to turn an investment of just $3 into more than $1 million!

The Shiba Inu ecosystem on Tuesday announced an exclusive airdrop of its new meme coin, Shifu (SHIFU). SHIFU has a total supply of 100,000,000,000 tokens, and it will be launched on both the Ethereum and Shibarium blockchains. The announcement was made in an official post on the social media website X (formerly Twitter).

Bitcoin and Ethereum have led top crypto asset gainers following the last price rebound. Most traders expect a positive run based on both assets, citing growing institutional demand and the decentralized finance (DeFi) ecosystem.

Shiba Inus burn rate skyrocketed by 3,600% in 24 hours, erasing 35.6 million tokens. As SHIB battles critical resistance levels, bullish sentiment builds for a potential price rally.

Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) are gaining momentum as Bitcoin reaches a new all-time high above $107,000. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.4118 $60.6 billion +1.9% -5.5% Shiba Inu (CRYPTO: SHIB) $0.00002784 $16.4 billion +0.4% -6.5% Trader Notes: Benzinga's technical analysis shows that SHIB's Relative Strength Index (RSI) stands at 42.85.

Year-to-date (YTD), Shiba Inu (SHIB) price has rallied by 150%, amassing billions in volume as fresh capital flowed into the cryptocurrency at some point. However, between December 10 and the time of this writing, the Shiba Inu coin volume has decreased by $2.80 billion.

SHIB's burn rate has skyrocketed in the last 24 hours, with millions of coins burnt. This presents a bullish outlook for the Shiba Inu price, which has maintained a tepid price movement for a while despite other top meme coins witnessing significant rallies.

The last few days have been the worst for Shiba Inu (SHIB). After a series of large-scale liquidations of long positions, the price of the popular meme-inspired cryptocurrency failed to return to the key support level around $0.0000283 per SHIB, and after fixing below this mark first by a daily and then by a weekly candlestick, it continued to fall in today's trading session.

The crucial 13 trillion SHIB support level is drawing near for Shiba Inu, which could dictate its course in the near future. This level acts as a crucial obstacle for sellers and a possible lifeline for bulls looking to spark a rally.

The cryptocurrency market has been anything but stable in recent weeks, with several major tokens grappling with resistance levels, shifting trends, and uncertain investor sentiment. XRP, Shiba Inu (SHIB), and Solana (SOL) are facing critical points in their price movements.

Data shared by the Shibburn tracking platform regarding the recent SHIB movements has revealed that a substantial amount of meme coins has been forever lost to the market during the last 24 hours.

Shiba Inu sees a 41% spike in large transactions, amid price consolidation at $0.00002759. Whale activity signals renewed market interest.

The meme coin market is gaining momentum again as SHIB and DOGE indicate a potential bull run. Meanwhile, Rexas Finance (RXS) is also generating news for its aggressive growth targets and quick presale development. Here is what to expect from these coins. Rexas Finance at $0.

Technical analysis suggests Shiba Inu (SHIB) could experience a 189% price increase to $0.0000702, supported by ecosystem development and token burning mechanisms, while currently trading at $0.00002755 after an 11.20% weekly correction.

Shiba Inu price has had a great run recently after Bitcoin price blasted through a record high of $105,000. While the market occasionally retests the high, the overall crypto market boom has lifted the price of SHIB past various technical resistance regions.

Whale activity in Shiba Inu has surged, with 2.79 trillion SHIB worth $76.48 million traded in a 24-hour period. This 41.39% spike suggests large holders may be reentering the market, potentially gearing up for key price movements amid broader crypto market fluctuations.