Shiba Inu (SHIB) shows 7 out of 10 key on-chain indicators as bullish, suggesting improving network activity despite its price struggling near local lows. Metrics like reduced exchange reserves, negative exchange netflow, increased active addresses, and higher exchange outflows indicate accumulation and growing user engagement. Although SHIB remains below major moving averages and faces bearish price trends, the divergence between price and on-chain data hints at a possible recovery if market conditions improve. Investors appear optimistic as large holders continue moving tokens off exchanges, potentially setting the stage for a price rebound.
Coinbase transferred 1.16 trillion Shiba Inu (SHIB) tokens, worth about $4.95 million, to three new isolated wallets, bypassing the spot market and avoiding price impact. Most of the tokens came from Coinbase Prime Custody addresses, indicating a mov...
Shiba Inu experienced a significant net outflow of 87.57 billion SHIB tokens, indicating that withdrawals from exchanges exceeded deposits by this amount. This large net outflow suggests increased buying activity as investors move tokens off exchange...
Shiba Inu (SHIB) saw a 122% surge in token burns recently, with over 13 million tokens removed from circulation in one day. Despite this, SHIB's price remains flat around $0.0000042, reflecting the challenge of reducing supply enough to impact price ...
Shibarium's testnet, Puppynet, has relaunched after a two-year pause, resuming transactions and inviting developers to test new features. This revival supports Shibarium's roadmap for scaling, token burns, and ecosystem growth, aiming to boost Shiba ...
Bitcoin's quantum discount has reached a record 30% due to delayed security upgrades against quantum computing threats, causing a significant undervaluation. XRP's 30-day MVRV indicator turned positive, signaling trader profits and a potential reboun...
