Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) continue to trade sideways, but traders maintain that more upside is still to come for the underperforming meme coins. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.2538 $37.6 billion +2.9% -22.2% Shiba Inu (CRYPTO: SHIB) $0.0000154 $9.07 billion +2.6% -18% Pepe (CRYPTO: PEPE) $0.059434 $3.9 billion +1.2% -31.8% Trader Notes: Trader Tardigrade highlighted that Dogecoin's past rebounds followed over 50% corrections, with the latest dip at -58.25% mirroring previous breakout patterns.

Fartcoin (CRYPTO: FARTCOIN) is bouncing back from a severe downturn but remains over 50% down over the past seven days. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Fartcoin (CRYPTO: FARTCOIN) $0.4765 $476.3 million -0.08% -54.1% Ai16z (CRYPTO: AI16Z) $0.342 $372.2 million +18.7% -49.8% Brett (Based) (CRYPTO: BRETT) $0.04569 $452.8 million +3.2% -48.3% Trader Notes: Cold Blooded Shiller pointed out that Fartcoin has reached a critical level in its target zone, meaning it could either see a major bounce or face full-blown capitulation.

Shiba Inu (SHIB) price, a meme-based cryptocurrency, has captured the crypto community's attention due to its rapid rise in popularity. As one of the most talked-about tokens, SHIB has experienced significant price fluctuations over the years, driven by social media buzz, market sentiment, and strategic developments.

The recent turbulence in the market have significantly affected meme coins, causing their total market cap to fall below $70 billion. While some altcoins and meme coins have shown a lot of price fluctuations, Shiba Inu & Dogecoin, in particular, are having a hard time stabilizing their prices.

Less than 48 hours ago, an unknown wallet received 1.24 trillion Shiba Inu (SHIB) tokens—worth approximately $20.2 million—from the crypto exchange Kraken, according to Whale Alert data. 🚨 1,239,940,928,235 #SHIB (20,136,020 USD) transferred from #Kraken to unknown wallethttps://t.

Shiba Inu (SHIB) continues to be at the center of attention in the crypto world. Two recent developments are capturing the interest of the community: the mysterious holder of 60% of the SHIB supply and the potential price of the crypto if its market capitalization were to reach that of XRP. Both topics raise crucial questions for investors.

Amid the growing push for consolidation in the broader crypto ecosystem, an unusual Shiba Inu whale transaction was flagged on-chain. Per data from Whale Alert, 3,368,549,976,020 SHIB were shifted on-chain in just one minute.

SHIB's valuation has tanked by over 20% in the last week.

According to a recent tweet published by the Shibarium Updates account on the X social media platform, the layer-2 solution Shibarium has witnessed a major growth in three key parameters since last morning.

Open interest in Shiba Inu is sharply declining, indicating a significant change in the dynamics of the market. At approximately $155.83 million, open interest in SHIB futures has fallen 50% from its recent peak.

The amount of Shiba Inu (SHIB) in circulation has fallen again following a recent token burn event. Notably, more than 15 million SHIB tokens were wiped out.

According to Santiment's latest on-chain report, the concentration of top wallet holdings for major cryptocurrencies like Shiba Inu (SHIB), Ethereum, Chainlink and Toncoin shows potential market risks and opportunities driven by a small group of key players.

A recent transaction involving crypto exchange Kraken and the Shiba Inu token has captured the attention of the crypto community. Whale Alert, a leading whale-tracking platform, reported that Kraken moved an enormous quantity of Shiba Inu to an unmarked address, which has raised both curiosity and concern.

This collaboration highlights the growing potential of blockchain technology in public sector services. It also positions Shiba Inu as a major player in the crypto world.

Santiment warns that Shiba Inu's high whale dominance could trigger price drops if major holders decide to sell suddenly.

The altcoin industry has been solving the decentralization aspect of the blockchain trilemma for the past years. With the scalability and security aspects having been solved through layer one and layer two chains, the distribution of altcoins to achieve higher decentralization has been a work in progress in most projects.

The market for cryptocurrencies has a history of turning little investments into fortunes that change people's lives. Often taken early in a token's existence, strategic decisions can pay amazing returns.

Shiba Inu is currently one of the top meme coins, with a market cap of $9.2 billion, trailing the other “top dog-themed coin,” Dogecoin. When meme coins pump, SHIB is one of the popular tokens that surge and dominate market activity.

Though the Shiba Inu (SHIB) price may be in a sharp downtrend right now, that isn't stopping whales from scooping up the token in abundance. The post Shiba Inu Whale Moves 1.23 Trillion SHIB – Massive Rally Starting? appeared first on Cryptonews.

For what it seems, considering that these two tokens account for over half the market cap of all meme coins, the odds of a short-term reversal are high.

Cryptocurrencies remain volatile on Thursday, with tokens displaying mixed performances. Bears have dominated since the US declared the partially-delayed tariffs on China, Canada, and Mexico. Meme coins traded downward, with the meme market capitalization plunging by over 7% to $74.1 billion. Moreover, the declined 24-hour trading volume indicates fading investor interest in meme assets.

What initially appeared as a major SHIB whale transfer was later identified as an internal liquidity movement by Kraken.

Cryptocurrency traders hope Shiba Inu (CRYPTO: SHIB) may be poised for a comeback off the back of a partnership announcement with the government of the United Arab Emirates. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001504 $8.9 billion -6.3% -20.4% Dogecoin (CRYPTO: DOGE) $0.2468 $36.51 billion -5.3% -26.2% Pepe (CRYPTO: PEPE) $0.059381 $3.94 billion -7.9% -29.4% Trader Notes: Crypto trader Scofield highlighted that meme coins are evolving beyond hype, pointing to projects like Floki Inu (CRYPTO: FLOKI), Dogwifhat (CRYPTO: WIF) and SHIB.

While Pepe Coin (PEPE) and Shiba Inu (SHIB) have had their moments as meme coin darlings, a new contender is quickly gaining traction in the cryptocurrency world – Lightchain AI.

Shiba Inu could soar by 25% to reach $0.000021 if it holds itself above the $0.000015 level.

Another day, another massive crypto transfer. This time, it is Shiba Inu (SHIB) grabbing attention with a jaw-dropping 1.24 trillion SHIB - worth around $20.14 million - suddenly moving out of Kraken, one of the biggest U.S.-based exchanges.

Shiba Inu price remains in a bear market and could see additional downside after forming a death cross pattern while a key metric declines. Shiba Inu (SHIB), the second-largest meme coin in crypto, dropped to a low of $0.

The Shiba Inu cryptocurrency's recent predictions of huge returns have surprised the digital asset community. The meme-based coin is currently trading at $0.0000162, and analysts are forecasting returns of between 858% and over 6,000%.

The networks partnered with the ministry to use its blockchain activities.

After a brutal sell-off, Shiba Inu is at a turning point and exhibiting signs of a possible recovery, but any attempts at recovery could be hampered by an impending death cross. Following a recent decline below important support levels, the asset has experienced a modest recovery and is currently trading at $0.000016.

Recent market turbulence has impacted Shiba Inu (SHIB) and Dogecoin (DOGE), with both memecoins experiencing significant price declines over the past few days. This setback comes amid a broader downturn in the crypto market, yet some analysts remain optimistic about the potential trajectories for these popular memecoins.

The United Arab Emirates Ministry of Energy and Infrastructure has partnered with Shiba Inu to implement Web3 solutions for energy, infrastructure, and other areas. Public Service Efficiency Gets a Web3 Makeover The United Arab Emirates (UAE) Ministry Energy and Infrastructure (MOEI) announced on Feb.

XRP has suffered a staggering 43% drop, wiping out weeks of gains. The latest price action saw a sharp 30% intraday decline, signaling panic selling and extreme volatility.

This surge in large holder netflows marks the highest single-day accumulation by whales in nearly one month.

Amid ongoing market uncertainty, Shiba Inu (SHIB), the popular and second-largest crypto meme coin, has gained attention from crypto enthusiasts and made a big move. Today, February 6, 2024, blockchain-based transaction tracker Whale Alert posted on X (formerly Twitter) that a crypto whale transferred 1.239 trillion SHIB tokens, worth $20.

Trump replaced SEC Chair Gary Gensler with former SEC Commissioner Paul Atkins, which resulted in the withdrawal of SAB 121. Later, before his inauguration, he launched $TRUMP, which broke the internet.

Bitcoin's current consolidation could last till late February.

Shiba Inu (SHIB) shows bullish reversal signals after rebounding from the 0.786 Fibonacci support, with wave (v) potentially targeting above 0.00002826 amid strengthening RSI momentum.

The SHIB burn rate has jumped by 18 million in the last 48 hours as the Shiba Inu price stabilized. Over 12 million tokens were incinerated on Tuesday and another 5.3 million on Wednesday.

It seems that a massive Shiba Inu (SHIB) purchase took place in the last 24 hours. As revealed thanks to on-chain data from Arkham Intelligence, an unknown massive investor withdrew 107,071 billion SHIB from one of the largest crypto exchanges, ByBit.

Popular cryptocurrency tracker Shibburn has spread the word about a large number of SHIB meme coins that have been pushed out of circulation over the past day.

Shiba Inu (SHIB) is currently worth $0.00001644, up 5.09% in the last 24 hours thanks to big news from the United Arab Emirates (UAE). The country recently announced its plan to use blockchain technology, which has given SHIB a short-term boost.

Shiba Inu has been experiencing a sharp decline, as shown by the market being shaken by an astounding 7.5 trillion outflow of tokens. This enormous token movement indicates significant changes in investor sentiment, which will increase selling pressure and cause a significant decline in price.

The latest SHIB burn data propelled a massive tide of optimism among crypto traders and investors as it soared over 500% intraday. Following the recent Shiba Inu and UAE partnership announcement, this surge has pushed market watchers to be highly optimistic.

The Shiba Inu (SHIB) ecosystem announced a strategic partnership with the United Arab Emirates (UAE), suggesting blockchain integration at a federal level.

Shiba Inu (SHIB) has recently shown notable upward movement, briefly surpassing the $0.000016 price point, igniting discussions about the potential for its market capitalization to hit $150 billion. This speculation follows a turbulent period in the broader cryptocurrency market, where SHIB experienced significant losses only to stage a sharp recovery.

SHIB is among the best-performing top 20 cryptocurrencies today (February 5).