Shiba Inu (SHIB) surged 37% over two days, driven by increased retail interest and social activity. However, large holders (whales) sold significant amounts near the rally peak, with 52 large transactions recorded, indicating profit-taking. The token burn rate also spiked, removing 2.19 billion SHIB in 24 hours, signaling efforts to reduce supply. Despite the rally, technical indicators show mixed signals, with resistance at $0.00000530–$0.00000540 and support near $0.00000490, while derivatives data suggest short sellers still hold an edge. Market watchers will focus on whale activity and social momentum for SHIB’s next moves.
Investors are growing cautious about new meme coins that often fail quickly, leading to renewed interest in established coins like Dogecoin and Shiba Inu, which still hold nearly half the meme coin market cap. Experts highlight Dogecoin as the benchm...
Shiba Inu (SHIB) has surged about 20% in a week, becoming one of the top 30 best-performing tokens as it nears its sixth anniversary. Despite this rise, SHIB remains down roughly 95% from its October 2021 peak. The team behind SHIB emphasizes that th...
Shiba Inu (SHIB) experienced a sudden 25% price increase over a weekend, driven by renewed interest in its Web3 projects and a significant withdrawal of tokens from exchanges to self-custodial wallets. This shift has reduced available supply, potenti...
Shiba Inu (SHIB) experienced a 37% price surge driven by retail investors' fear of missing out, but on-chain data reveals that 52 large holders (whales) cashed out during this rally. These whales sold significant amounts, capitalizing on retail enthu...
Shiba Inu (SHIB) surged 40% over the weekend, reaching an intraday high of $0.00000582 and a market cap of about $3.12 billion. This rally was driven by $5 million in net spot inflows, the largest in nine months, indicating actual buying and holding ...
