Shiba Inu rebounds 40% despite major selling by SHIB whales
The sharp upside retracement surfaces as retail frenzy around Shiba Inu hints at testing May peak levels. Shiba Inu (SHIB) kickstarted its new weekly session in the green as it continued its bullish retracement move from the last week's low of $0.00002058.The SHIB price logged an intraday high of $0.00002907 on Oct. 11, netting over 40% returns from its ongoing rebound trend. In doing so, the Dogecoin-inspired meme cryptocurrency eyed an extended runup toward its technical resistance level near $0.00002978, as shown in the chart below.SHIB/USDT 4H price chart. Source:....
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Shiba Inu whales’ trading volume skyrocketed by 640% as seen in the coin’s 24-hour trading volume. An increased buying or selling activity among whales has peaked by 61%. Large transactions that spiked to 57.41% were noted in active addresses of SHIB holders as seen in the past 24 hours. SHIB value surged by 3.06% which comes with Shiba Inu reverting to the key support level of 0.00001. Related Reading | Cardano Joins The Red Screen – How ADA Fell To $0.45 Over Last 24 Hours SHIB Trading Volume Down 7.48% As of press time, Shiba Inu is trading at $0.00001044 which has dropped by....
Following three consecutive days of declines, shiba inu rebounded on Saturday, as the meme coin appears to have found a support point. Cosmos was also higher, in what has mostly been a bearish start to the weekend. As of writing, the global crypto market cap is down 1.31%. Shiba Inu (SHIB) Shiba inu (SHIB) was back in the green on Saturday, as the token rallied following three straight days of declines. The world’s twelfth-largest cryptocurrency rose to an intraday peak of $0.00001397 to start the weekend. This came less than a day after prices of the meme coin were at a low of....
Shiba Inu (SHIB) currently has the largest dollar holding compared to the rest of 100 ETH whales. In fact, CoinMarketCap has SHIB on their top 20 coins in the market cap category. Although SHIB seems to be gaining traction, this was quite the opposite a few days ago. Shiba Inu has suffered a major dip at only 216,260 transactions even though it has been listed by (HOOD) or Robinhood Markets Inc. The total burn rate so far is at 31.71% or coming from the initial burned supply of 410,339,763,887,291 from SHIB’s total supply of 889.660.236, 112,708. Suggested Reading | Bitcoin Carnage....
Over the past week, Shiba Inu (SHIB) surged by 8%. In fact, even though the bearish market prevails, Shiba Inu is still performing at its peak. SHIB’s social metrics up by 1.43% Despite Shiba Inu’s social dominance, ROI is down SHIB whales on a shopping frenzy Social media chatter provides that much needed oomph for Shiba Inu (SHIB), triggering a pump in prices. The amplified whale interest plus metaverse updates certainly gave SHIB that push. The increased hype around SHIB could be because of the Whalestats announcement via a tweet stating that SHIB was able to outperform other meme coins....
After a 10,000% profit over the past year, Shiba Inu (SHIB) trends to the downside with the rest of the crypto market. The meme coin had a surge driven by retail investors looking to ride the rally but has been unable to recover after a long period of persistent selling pressure. Related Reading | Can Shiba Inu Break Past The $1 Mark? Here’s How It Can At the time of writing, Shiba Inu (SHIB) trades at $0.000022 with a 6% and 30% loss in 24 hours. However, data provided by several monitors seems to suggest a change of dynamic in SHIB holders. Retail investors and speculators appear to....