Shiba Inu Meme Coin Transfers and Burn Rate Increase, SHIB Price Rises and Falls
June 19 (Cointime) - Recent data from Etherscan shows that large transfers of Shiba Inu meme coins have occurred, with a total of 27.6 billion SHIB being moved in five transactions. Anonymous wallets moved around 17 billion SHIB to addresses linked to major crypto exchanges Binance and Coinbase.
Shiba Inu (SHIB) Soars 10% in a Week, Breaks Key Resistance
June 19 (Cointime) - Shiba Inu (SHIB) experienced a surge in price in February 2023, but has since been on a downward trend with occasional upward movements. Last week, SHIB hit a new low for the year, but then unexpectedly reversed the trend and broke through a key resistance level on June 19.
Shiba Inu Emerges as #1 Coin on LunarCrush's AltRank with Skyrocketing Social and Market Activity
June 19 (Cointime) - Shiba Inu has become the top-ranked coin on LunarCrush's AltRank list due to a surge in social and market activity over the past 24 hours. The cryptocurrency has surpassed all 4,481 other coins in the market, thanks to its impressive combined social and market activity.
Shiba Inu (SHIB) Market Cap Drops $1B in 30 Days Amid Struggles
June 18 (Cointime) - Shiba Inu's market capitalization has decreased by approximately $1 billion in the past month, with the value of its SHIB token falling by over 20%.
Shiba Inu ($SHIB) Price at Crossroads as 90% of Investors Fall Into Loss Positions
Shiba Inu (SHIB) has experienced a 10% drop in price, causing concern among investors who are moving away from memecoins and altcoins due to market volatility. The decline in demand for SHIB is evident in the decrease in new wallet addresses created on the Shiba Inu Network Growth since June 11. Additionally, the rising Network Valuation to Transaction Volumes ratio suggests that SHIB may be overvalued, leading to further price retracement. Over 90% of SHIB holders are currently in a net-loss position, and the price is expected to decline to $0.000005 unless it rises above $0.000007 and breaks through significant resistance.
Shiba Inu Retests 2021 Lows Amidst Heavy Macro Headwinds and Selling Pressure
June 15 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. SHIB has retested 2021 lows, but short-term selling pressure has eased. Meme-coins like SHIB and PEPE have lost their allure due to macro headwinds in Q2.
91% of Shiba Inu Holders Currently Losing Money, Data Shows
June 15 (Cointime) - According to data from IntoTheBlock, 91% of Shiba Inu (SHIB) holders are currently experiencing losses on their positions. The blockchain data shows that only 7% of SHIB holders are making profits at the current price, while 2% are breaking even.
Whale Accumulates 1.5 Trillion Shiba Inu (SHIB) Tokens from Binance and Coinbase
The largest holder of Shiba Inu, known as "0x40B3," has accumulated an additional 1.5 trillion SHIB tokens from Binance and Coinbase, according to Lookonchain. This comes as whales and investors have been accumulating SHIB following the recent crypto market crash, causing the price to rise over 3% in the past 24 hours.
Shiba Inu Whale Adds $10 Million Worth of SHIB to Portfolio in Single Transaction, Total Balance Now at $35 Million
A top Shiba Inu whale has added $10 million worth of SHIB to their portfolio in a single transaction, bringing their total balance to 5.28 trillion SHIB valued at $35 million. The whale has been active since May 16 and has transferred a total of 20 trillion SHIB, worth $176.8 million, to a mysterious wallet through four separate transactions.
Top SHIB Holders Accumulate 1.5 Trillion SHIB (~$10M) via Binance and Coinbase
According to Lookonchain monitoring, the largest holder of SHIB has increased holdings of 1.5 trillion SHIB (approximately US$10 million) through Binance and Coinbase. This holder is the largest SHIB holder on the chain other than the exchange address. Addresses starting with 0x40B3 currently hold 5.3 trillion SHIBs (approximately $35.5 million), and previously transferred 200 trillion SHIBs (approximately $134.4 million) to addresses starting with 0x73AF on May 16.
Shiba Inu's Shibarium Hits 20 Million Transactions Despite SHIB's Price Decline
Shiba Inu (SHIB) experienced a price drop of over 24% in the past week, along with many other altcoins. Despite this, SHIB's Shibarium platform achieved a new milestone with over 20 million transactions. Daily transactions on Shibarium have been increasing since May 2023, and the number of wallet addresses and blocks created have also risen. While SHIB's price decline has led to a decrease in its popularity and negative sentiment, there are some bullish signals such as an oversold RSI and low net deposits on exchanges.
Shiba Inu Whale Abruptly Moves Trillions of SHIB Tokens in Massive Transaction
A large amount of Shiba Inu (SHIB) tokens worth $31.7 million were moved from Shiba Staking to Binance by an unknown crypto whale as the memecoin experienced a dip. The value of SHIB was $0.00000792 during the transaction, which was lower than its seven-day high of $0.00000872. According to IntoTheBlock, 89% of SHIB holders are currently experiencing losses. Shibarium, a new layer-2 project built on top of Ethereum, is gaining popularity as more users experiment with its testnet and currently has 16.7 million wallet addresses using it.
Shiba Inu (SHIB) Survives Robinhood's Delisting of Cryptocurrencies
Robinhood, the American trading platform, has announced that it will delist Cardano, Solana, and Polygon from its platform by June 27, 2023. However, Shiba Inu (SHIB), the popular canine-themed cryptocurrency, will remain unaffected by this decision. The burn rate of SHIB tokens has increased significantly, potentially contributing to increased scarcity and value. The delisting decision may have been influenced by recent lawsuits involving major exchanges like Binance and Coinbase initiated by the United States Securities and Exchange Commission (SEC).
Shiba Inu [SHIB] Drops to 2022 December's Low Amid Ongoing Bearish Sentiment: Analysis and Price Prediction
Shiba Inu's price has dropped significantly since mid-February and has cleared all gains made in 2023. The futures market is slightly bearish and SHIB is firmly bearish with a downtrend momentum on the daily chart.
Over 1,200 Shiba Inu Addresses Hold at Least $1 Million Worth of Asset Amid Market Downturn
Over 1,200 Shiba Inu (SHIB) addresses now hold at least $1 million worth of the asset, despite recent market downturns. However, SHIB's value has dropped below $0.000008 for four consecutive days, causing a significant depreciation in the value of SHIB held by investors. The number of addresses holding SHIB worth between $1 million and $10 million has decreased to 1.15K, while only 57 addresses hold SHIB worth $10 million or more.
Shiba Inu Ecosystem Official Shares Updates on Metaverse and Shibarium Beta
LucieSHIB, an official of the Shiba ecosystem, has provided updates on the upcoming developments for Shiba Inu. She expects the rocket pond reveal for the Shiba Inu metaverse to happen soon. Lucie also mentioned that extensive work is being done on Shibarium beta, "Puppynet." She predicts positive price action for SHIB and hints at a dream coming true for Shiba Inu, without providing further details. The Shiba Inu community eagerly awaits any big announcements that may come in the near future.
Shibarium Mainnet Launch Expected in June, Shiba Inu Price Could See Positive Reaction
The launch of Shibarium mainnet is expected to happen in June, which could lead to a positive reaction in the price of Shiba Inu. The Shiba Inu community is discussing the future and long-term growth of the network, with many anticipating a boost in performance. While the launch date is uncertain, rumors suggest it could be sooner than later. A popular Shiba Inu influencer has shared a message indicating that the launch is approaching and could happen between now and August. The benefits of Shibarium mainnet could include a rise in demand for Shiba Inu, potentially leading to an increase in price value over time. As of now, Shiba Inu is making a slow recovery with gains in the past 24 hours and 7 days.
Shiba Inu Hits New Milestones Ahead of Shibarium Launch
Shiba Inu has achieved several milestones, including the addition of thousands of new addresses and reaching approximately 14 million people. The network has seen unprecedented expansion with over 2,500 new SHIB addresses onboarded in one day. The number of long-term holders has also reached an all-time high, with 70% of SHIB holders holding their tokens for over a year. The launch of Shibarium is expected soon, with beta testing already showing impressive results. Despite a recent price decline, the growth in long-term holders indicates continued belief in the token.
Gate.io Holds Trillions of Shiba Inu Tokens Amid Bankruptcy Rumors
Gate.io, a popular crypto exchange platform, holds trillions of Shiba Inu (SHIB) tokens valued at approximately $52 million. This comes amid rumors of the exchange's financial instability, which has raised concerns among its users and the broader crypto community. Gate.io's significant holdings of SHIB have also raised questions about the potential impact on the token's value. Other leading exchanges, such as Binance and Crypto.com, also hold substantial amounts of SHIB due to the sheer magnitude of Shiba Inu investors on their platforms.
ShibaSwap's TVL Decreases as Investors Overlook Contributing, SHIB's Volume Remains Unimpressive
Shiba Inu's native Decentralized Exchange (DEX), ShibaSwap, has experienced a significant decrease in its Total Value Locked (TVL) from $1.75 billion to $25.16 million, indicating a lack of interest from investors. This has led to a decrease in revenue and fees generated, as well as speculation about a liquidity squeeze. On-chain data shows that while retail investors are increasing their SHIB token holdings, larger holders are cutting their balances, possibly due to profit-taking and a lack of confidence in SHIB's future performance. Additionally, SHIB's trading volume has been consistently low, and there has been frequent movement of long-term held tokens, possibly indicating a shift in investor sentiment.
