Shiba Inu (SHIB) saw a 121% increase in its seven-day average exchange outflow, indicating more tokens are leaving exchanges, which could reduce immediate sell pressure. However, exchange inflows rose even more sharply by 182%, resulting in a positive net inflow and increased exchange reserves. The token is trading near a critical support level at $0.00000500, with bearish momentum growing but not yet oversold. Holding this support is key for a potential recovery, while a breakdown could lead to lower support zones around $0.00000480 and $0.00000440. The rise in outflows may ease short-term supply pressure but is unlikely to reverse the current downtrend alone due to stronger inflows.
Coinbase has introduced regulated crypto futures trading to eligible Canadian clients through its CFTC-registered futures arm, marking a first for a major crypto-native exchange in Canada. The offering includes 23 crypto futures contracts, among them...
Shiba Inu (SHIB) has shown some recovery from its August lows, currently trading around $0.00000535 and holding above a key support zone near $0.00000500. However, the token faces significant resistance at $0.00000540 and $0.00000568, limiting its up...
Shibarium, the Layer-2 network for Shiba Inu (SHIB), has deployed Safe v1.4.1 smart contracts to enhance security with multisignature wallet functionality. This upgrade, verified on ShibariumScan, adds an extra layer of protection for users and suppo...
Shiba Inu (SHIB) experienced a sharp 75.55% decrease in average exchange outflows, indicating reduced accumulation and potential bearish pressure. Meanwhile, exchange inflows rose by 24.13%, shifting the short-term balance toward deposits rather than...
A Shiba Inu whale transferred 600 billion SHIB tokens valued at about $3.09 million, adding to years of gradual sales from a wallet that originally bought 1.03 quadrillion SHIB in 2020 for roughly $13,700. Despite selling over 10 trillion SHIB and ge...
