Shiba Inu's weekly burn rate increased by 491%, with 37.52 million SHIB tokens burned over the past week. This rise in token burning coincides with a broader crypto market selloff, where major cryptocurrencies hit multi-month lows, pushing Shiba Inu to a new low of $0.0000044. Despite the heavy selling pressure and price decline, significant token burns and exchange outflows suggest some accumulation activity. However, momentum indicators show oversold conditions without clear signs of a sustained price reversal, indicating that the downward trend may continue until stronger support levels are regained.
FARTCOIN's price dropped over 16% in 24 hours, extending a 34% weekly and 58% monthly decline amid a broader memecoin market downturn. Despite increased trading volume, the surge reflects heavy selling pressure rather than buying interest. Open Inter...
Shiba Inu (SHIB) is experiencing intense selling pressure as traders rapidly unwind leveraged futures positions, causing a 1,418% drop in futures flow over eight hours. Over 488 billion SHIB tokens moved out of exchanges in 24 hours, signaling a bear...
Shiba Inu (SHIB) dropped 7.5%, breaking below its September 2021 low and a major support level, signaling continued downward pressure. Despite the price decline, trading volume rose 12% to $146 million, showing active investor interest. Market data i...
Dogecoin and Shiba Inu each dropped about 8%, breaking important support levels on heavy volume, signaling strong selling pressure. Dogecoin fell to $0.0830, hitting a key support at $0.080, while Shiba Inu broke below $0.000004780 with no clear supp...
Major cryptocurrencies experienced significant price declines, with Bitcoin falling 4.25% to $60,761 and Ethereum dropping 9.86% to $1,592. Other notable losses include Binance Coin down 4.74% and Cardano plunging nearly 15%. This broad sell-off refl...
