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Shiba Inu Whales' Activity Surges, Raising Market Concerns
Oct 10, 2024
Shiba Inu, the popular meme cryptocurrency, is experiencing heightened whale activity. This comes amid increased volatility in the token's price. Large holders have more than doubled their transaction volumes in a 24-hour period. The surge in activity could have significant implications for SHIB's market value. Recent data from blockchain analytics firm IntoTheBlock reveals a notable increase in Shiba Inu whale volumes. The period of interest spans October 6 to 7. On October 6, whale volumes stood at 1.39 trillion SHIB. This equated to approximately $25.2 million across 99 transactions, each valued at $100,000 or more. The following day saw a dramatic shift. Whale transaction counts jumped 66%, from 99 to 165. This increased participation from large holders resulted in a substantial volume increase. The total SHIB tokens transacted reached 3.02 trillion, marking a 117% rise from the previous day, in dollar terms, this amounted to $52.8 million. This surge in whale activity coincided with a downturn in Shiba Inu's price. The token's value retreated to the $0.000017 range. Market analysts suggest that these large-scale movements could be contributing to the bearish pressure on SHIB's price. The correlation between increased whale activity and price decline has raised questions about market dynamics. If whale volumes continue to rise while prices fall, it could indicate ongoing selling pressure from these large holders. Conversely, a shift towards buying among whales could potentially trigger a price recovery. Despite recent market turbulence, a majority of Shiba Inu investors remain in profit. IntoTheBlock data shows that 52.86% of all SHIB wallets, or 714,190 addresses, are currently "In The Money". This contrasts with 44.10% of addresses, or 595,770, which are "Out Of The Money". A small fraction of holders, 3.04% or 41,090 addresses, are at breakeven. These "At The Money" positions were acquired at SHIB's current price level. The distribution of profitable versus unprofitable positions provides insight into the overall market sentiment surrounding the meme coin.
Shiba Inu Whale Activity Surges a Whopping 3,840% Amid Price Volatility: Bullish Trend?
Oct 04, 2024
On-chain data suggests a significant shift in Shiba Inu whale behavior. Large holder activity has spiked in the past 24 hours despite the meme coin's recent bearish correction. IntoTheBlock (ITB) reports a 45% increase in large holder netflow over the last day. The 48-hour increase is even more striking at 3,840%. This data points to conflicting dynamics among Shiba Inu whales and investors. ITB's metrics offer insights into whale sentiment towards cryptocurrencies. For Shiba Inu, the large holder netflow has surged dramatically, following an initial drop at the start of the month. On October 1, the netflow into large holder addresses reached 322.7 billion SHIB tokens. This represents a 2,944% increase from previous days. The earlier figure stood at a negative -10.96 billion SHIB netflow. This sharp reversal indicates a shift from outflows to inflows into whale addresses. Rising netflow occurs when inflows exceed outflows, analysts often view this pattern as bullish for the cryptocurrency. The whale activity continued into the last 24 hours. Netflow increased to 420.77 billion SHIB. This translates to a 45% daily increase and a 3,840% surge over 48 hours. ITB data reveals substantial whale wallet movements. Inflows totaled 3.12 trillion SHIB during the period, while outflows stood at 2.65 trillion SHIB. Shiba Inu's price recently broke out of a six-month downtrend. In September, it saw a 63% increase over ten days. The price rose from $0.00001304 on September 18 to $0.00002141 on September 28. Since then, Shiba Inu has corrected by 24%. It hit a low of $0.00001606 yesterday. However, whale accumulation has helped prevent further losses. The meme coin has since rebounded by 3%. SHIB is currently trading at $0.00001646. Bulls appear to have established support at $0.00001609. They've defended this level multiple times since October 1. Despite the correction, Shiba Inu remains positioned for potential upward movement. Some Shiba Inu whales seem to be capitalizing on price declines. They're increasing their holdings, possibly anticipating an October price run. This behavior aligns with the observed on-chain data trends. The recent whale activity presents a complex picture for Shiba Inu. Large holders are accumulating despite price volatility. This could signal confidence in the asset's future performance. However, the market's response remains to be seen. Investors should monitor these developments closely. Whale behavior can significantly impact cryptocurrency prices. For Shiba Inu, the coming days may prove crucial in determining its short-term trajectory.
Shiba Inu's Shibarium to Launch Liquid Staking: A Game-Changer?
Aug 16, 2024
Shiba Inu, the meme-turned-crypto-powerhouse, is upping its game. The project's marketing lead, Lucie, spilled the beans on Thursday. Liquid staking is coming to Shibarium, their layer-2 solution. Mark your calendars for September 18th. This isn't just another crypto gimmick. It's a big deal for SHIB holders. Shibarium aims to tackle the scalability issues plaguing many blockchain networks. It's all about faster, cheaper transactions. K9 Finance is the brains behind this operation. They're Shibarium's go-to for Liquid Staking Derivatives (LSD). Don't get it twisted – we're not talking about the psychedelic kind. Here's the lowdown: users can stake their BONE tokens through K9 Finance. In return, they get knBONE. It's like a tradable IOU for your stake. You can use it, trade it, or even use it as collateral elsewhere. The big dogs got first dibs on testing. Whales with at least 400 million KNINE DAO tokens were invited to the party in late July. They've been staking BONE, earning knBONE, and raking in extra rewards. Now, the gates are open to everyone. The testnet is live, and anyone can give it a shot. It's a chance to kick the tires before the main event. September 18th marks phase two of the project. They're calling it 'Boro'. It's named after some extinct bone-crushing dogs. Fitting, right? This is when the real action starts on Shibarium. But wait, there's more. Phase three, 'Caninae', is slated for Q4 2024. It'll bring a V2 launch and promises to be the "modern expectation of a fully decentralized liquid-staking derivative product". Whatever that means. Let's not forget about KNINE. It's K9 Finance's governance token, launched back in March. You could only grab it on Uniswap initially. Talk about exclusive. So, what's the big picture? Shiba Inu is trying to shake off its meme coin image. They're diving headfirst into DeFi. Will it work? Who knows. But one thing's for sure – the crypto world is watching.
SHIB Bounces Back: Whales Snap Up 9 Trillion Tokens
Aug 06, 2024
Shiba Inu (SHIB) has staged a dramatic comeback. The meme token surged 19% in 24 hours. Its price hit $0.00001337. This follows a broader crypto market recovery of 6%. The bounce comes after a brutal week. SHIB is still down 20% over seven days. Yesterday was one of the worst days for crypto in years. The token has lost 18% in a month. But it's not all doom and gloom. SHIB boasts a 39% gain year-on-year. The recent dip triggered a frenzy of whale activity. Big players seem to be gobbling up discounted tokens. The numbers are eye-popping. Whale activity shot up 588%. A whopping 9 trillion SHIB changed hands. These are transactions worth $100,000 or more. Technical indicators suggest SHIB is finding its footing. The RSI bounced from 20 to over 50. It's losing steam but still looks promising. The 30-day moving average is creeping up towards the 200-day line. Some traders couldn't resist the fire sale. Large transaction volume skyrocketed from 1.53 trillion SHIB to 9 trillion. Not all of this is buying, but it's a massive uptick. This whale action could fuel SHIB's recovery. But don't get too excited. We need the broader economy to play ball for sustained growth. Right now, the US job market is giving everyone the jitters. But here's the twist: bad news might be good news. It could push the Fed to cut rates sooner. SHIB isn't just another meme coin. It's got an ecosystem. There's ShibaSwap, its own DEX. It's got a layer-two network. And let's not forget Shiba Eternity, the addictive P2E card game. Looking ahead, SHIB could hit $0.00002 by Q4. By year-end, $0.00004 isn't out of the question. But in crypto, nothing's certain. Buckle up, it's gonna be a wild ride.
Hackers Stole 5 Trillion SHIB, What Will Happen When They Dump Their Loot?
Jul 18, 2024
Shiba Inu's price took a nosedive. It dropped 11% in 24 hours. The cause? A massive hack of Indian exchange WazirX. Criminals made off with 5.4 trillion SHIB. That's part of a $234 million heist. SHIB now sits at $0.00001707. It's down 2% in an hour. But it's not all doom and gloom. The meme coin is still up 2% for the week. And it's gained 11% in a fortnight. The big question: Will the hackers dump their loot? If they do, SHIB could take another hit. But so far, they're playing it cool. They've been selling bit by bit. The damage might not be as bad as feared. SHIB's chart looks like a rollercoaster. There's been a mad rush to sell. The hackers have already shifted about $20 million worth. Ouch. More pain could be on the horizon. But here's the thing: SHIB looks oversold. A comeback could be on the cards. The relative strength index has plummeted to 20. That's screaming "rebound" in technical analysis speak. But hold your horses. We might need to wait for the 30-day moving average to dip below the 200-day. That's usually when coins hit rock bottom. Some folks are freaking out. They think the hackers will dump everything at once. But crypto watchers aren't so sure. One observer, VIKTOR, tweeted: "If the hacker really wants to optimize his execution, he would have to sell VERY slowly. I don't think he will be that patient." Here's the kicker: The hackers might struggle to sell at all. Security analysts and the law are watching the Ethereum blockchain like hawks. SHIB operates on this very public ledger. So, maybe it's not game over for SHIB. The worst might already be behind us. Looking ahead, SHIB could bounce back strong. Ethereum ETFs are set to launch next week. That could boost the whole crypto scene. And rate cuts in the fall? That's more good news. SHIB's still a top dog in the meme token world. It could hit $0.00002 and then $0.00003 in Q4. Woof! But SHIB isn't the only game in town. New tokens are popping up, looking to beat the market. Take Shiba Shootout (SHIBASHOOT). It's raised $700,000 in its presale. Not too shabby. Why are investors biting? SHIBASHOOT mixes Shiba Inu memes with Wild West vibes. It's all about community. They're planning mini-games, poker tournaments, and treasure hunts. Sounds like a hoot. SHIBASHOOT has a max supply of 2.2 billion tokens. 35% goes to the presale, 20% to staking. Holders get to vote on stuff too. That could keep people hodling, pushing the price up. Want in? Head to their website. One SHIBASHOOT token costs $0.0196 right now. But that'll go up as the sale progresses. When it lists later this year, who knows how high it could go?
Is Shiba Inu Dead?
Shiba Inu
Jun 12, 2024
Shiba Inu, a cryptocurrency born from internet memes, is dead. Or maybe not. Some analysts go as far as to say Shiba Inu is dead in 2024. As in not worth investing and even discussing. Is there a chance they are wrong? Let's find out. According to a bunch of analysts, Shiba Inu is losing ground due to a tough competition and sluggish development. Other still think Shiba Inu has enormous potential fueled by its enthusiastic community. Who is right and who is wrong here? And should you invest in Shiba Inu in 2024 or is the legendary meme coin dead? Let's start with a brief history of Shiba Inu. And then we'll take a look at what's going on with it now. The Detailed History of Shiba Inu: From Joke to Reality It all began in August 2020 when an anonymous individual or group known as Ryoshi launched the Shiba Inu token (SHIB). The guys were Inspired by the Shiba Inu dog breed. Their intention was to replicate and surpass the success of Dogecoin, another phenomenal cryptocurrency that started as a joke. Shiba Inu's journey kicked off on the Ethereum blockchain. That seemed pretty logical. Ethereum was the most advanced blockchain at that time. Nobody expected that, but Shiba Inu quickly gained traction. It appeared in the right place and the right time to be on the verge of the growing interest in meme coins. It got listed on Binance, then on Coinbase and KuCoin. Then the Shib Army appeared. That's the name the passionate community around the meme coin chose for itself. Then the large caliber PR gun arrived. That was the Ethereum co-founder Vitalik Buterin. In May 2021 he suddenly donated a significant portion of his SHIB holdings to charity. This move fueled interest to Shiba Inu. The coin grew in popularity. Even despite the pretty evil criticism from fans of more established cryptocurrencies. Bitcoin maximalists, for example, said that Shiba Inu is basically a scam. They pointed that the token lacks intrinsic value and utility. The community kept ignoring those attacks. In July 2021 the ShibaSwap was launched. It is a decentralized exchange that provides users with additional functionalities such as staking and swapping various tokens within the Shiba Inu ecosystem. Additional tokens were launched at that point, namely LEASH and BONE. Then things started to go a bit awry. Shiba Inu was unable to separate itself from the global crypto market. it reached its historical peak together with Bitcoin in autumn 2021. And then went into bearish sentiments together with the market. The dreadful volatility of Shiba Inu became its curse. In 2022 and 2023 Shiba Inu lost a significant portion of its popularity. That's a fair price to pay for bearish cycle. right? And that brings us to where we stand now - to the question, whether Shiba Inu is dead in 2024 or there is something more to it? Shiba Inu in 2024: What's Going On? Today we see SHIB is a top 15 cryptocurrency by market cap. Since the start of 2024 to the current date, the value of SHIB has increased by more than 300%. That's a phenomenal growth, far bigger than most of the well established cryptocurrencies out there. However, we all know Shiba Inu can do better. Today SHIB is still around 60% lower than its all-time high in 2021. Reasons Why Shiba Inu May Go Up The crypto market is unpredictable. But some factors can - and must! - be taken into account. Let's take a look at things that point to SHIB's inevitable growth. Shiba Inu boasts a dedicated and passionate community of supporters, known as the “Shib Army.” These guys actively promote and advocate for the project. They fueled the project in the past. Nothing says they won't to it in the future. Shiba Inu’s tokenomics is its strength. Its deflationary token model and burn mechanism are uncanny. Regular token burns gradually reduce the overall supply. And increasing scarcity, as we all know, is driving value appreciation. Shiba Inu has some surprises on its roadmap. That includes L2 blockchain and upgrades for Shiba Eternity and ShibaSwap. Reasons Why Shiba Inu May Go Down Now let's talk about things that might mean ultimate demise for Shiba Inu. Critics say that Shiba Inu’s vast token supply is simply killing it. There are literally trillions of tokens in circulation. That challenges market stability, even with the aforementioned token burns. There are so many newly born meme coins and DeFi projects, you can easily lose count of them. Shiba Inu faces stiff competition. Investor's attention is a finite resource. Like many other cryptocurrencies, Shiba Inu faces the regulatory uncertainty. Meme coins are so much weaker than the well established tokens like BTC. And legal hurdles pose so much more danger to them. Same goes to price volatility. It is almost impossible to asset the real value SHIB possesses because it's basically a meme coin, in case you forgot. Investor sentiments, market trends, FOMO, global politics - there are so many factors that can diminish the community support. Is Shiba Inu Dead in 2024 - Takeaways Short answer is "No." There are lots of troubles, legal hurdles and all kinds of uncertanties. Yet, there is a mighty community and some promising developments ahead. That is enough to be optimistic. Shiba Inu was - and still is - a leading meme coin and one of the driving forces of the DeFi as we know it.

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