Shiba Inu (SHIB) has experienced a significant 33.77% increase in token withdrawals from centralized exchanges, with net outflows reaching nearly 134 billion SHIB and total outflows surpassing 442 billion tokens. This trend suggests that investors are accumulating SHIB by moving tokens off exchanges to hold long-term rather than sell. The price chart shows SHIB forming an ascending channel and attempting to break short-term resistance, although it remains below the 200 EMA, a key bearish barrier. The market could either see a breakout rally if broader crypto momentum strengthens or continue consolidating as whales build positions. Overall, SHIB appears more stable compared to its previous decline phase, with accumulation favored over distribution.
Shiba Inu (SHIB) has underperformed Dogecoin (DOGE) over the past month, dropping 4.4% while DOGE gained 3%. A recent spike in SHIB's burn rate by over 1,000% was driven by a single transaction burning 25 million SHIB tokens, with 198 million tokens ...
Shiba Inu's daily token burn rate surged by 1,034% in the last 24 hours, with 27,137,162 SHIB tokens removed from circulation. This significant increase followed a rise from just over 2 million SHIB burned the previous day to more than 25 million in ...
Shiba Inu (SHIB) has seen a dramatic 1,034% increase in its daily token burn rate, with over 27 million SHIB tokens burned in the last 24 hours. This surge in burning activity is part of a broader supply reduction effort, as exchange reserves hit yea...
Shiba Inu (SHIB) has seen its exchange netflows turn negative for the first time in seven days, with more tokens leaving exchanges than entering. This shift suggests reduced selling pressure and potential for a market recovery. Technically, SHIB is b...
Bitcoin remains bullish but faces resistance near $82,000, with potential for a breakout or brief pullback. XRP is breaking out of consolidation, aiming to surpass $1.50 and possibly reach $1.70. Shiba Inu is building a steady recovery, challenging k...
