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More than eight trillion SHIB left centralized exchanges in a 24-hour period, making it one of the biggest single-day exchange outflow events in months. When that volume of liquidity leaves exchanges, it typically indicates one of two things: either large holders' strategic repositioning, or accumul…
Shiba Inu is certainly painting a double bottom formation on its chart, which can be seen on TradingView, which is one of the market's traditional reversal structures. Bulls will seize any structural foothold they can because of how severe the recent decline has been. SHIB has now bounced twice, wit…
Shiba Inu edged higher on Friday, reaching a high of $0.0000091, bringing it closer to an ambition of returning to $0.00001 and, hence, erasing a zero from its price tag.Shiba Inu has quietly rallied from a low of $0.00000756 on Nov. 22, marking four out of five days in the green.So far, Shiba Inu i…
The Shiba Inu community has received a crucial warning about a compromised X (formerly Twitter) account that tends to put SHIB holders at risk of losing their funds.On Friday, November 21, the Shiba Inu-focused X account dedicated to protecting the SHIB community, Subarium/Shibarium Trustwatch, unco…
The SHIB chart painfully shows that its recent price action is a combination of short-term relief and long-term structural weakness. Following a string of lower lows, the recent candles around the $0.0000079-$0.0000081 range indicate that SHIB is attempting to stabilize, or at the very least, slow d…
It is becoming more difficult to defend Shiba Inu's on-chain picture, not because of a sudden collapse, but rather because a number of important metrics now show how little effect the project’s long-promoted mechanisms actually have, according to CryptoQuant and Shibburn.No point in burningThe burn …
After weeks of consistent declines, Shiba Inu is now exhibiting the first indications of slowing down. Although the price has been steadily declining toward the $0.000008 zone, the decline’s momentum is obviously waning this time.Shiba Inu sell-offSharp liquidation, a flattening of volatility and a …
Shiba Inu Layer 2 Shibarium suddenly saw a drop on its network, amounting to about 54%.According to Shibariumscan, Shibarium saw a drop in transactions from 7,620 to 3,490 in the previous day, marking a 54% drop. Following a significant drop in October, Shibarium has seen low daily transactions.The …
Shiba Inu has seen 812,840,391 SHIB tokens removed from its circulating supply in days, with the burn rate soaring 2,405% as a result.According to Shibburn, in the last seven days, 812,840,391 SHIB tokens were burned, resulting in a 2,405.09% rise in weekly burn rate. In the last 24 hours, 4,251,221…
Shibarium, the layer-2 scaling solution of the Shiba Inu blockchain, experienced a sharp spike in its daily transaction count. Despite the Shibarium transaction spike, SHIB is still trading low amid a broader market downturn.Shibarium transactions surgeRecent data from Shibariumscan shows a notable…
Every time the chart dips beneath another support cluster, the notion that Shiba Inu is headed straight for zero reappears. However, that prediction is not supported by even the most basic examination of the current structure. Indeed, SHIB is weak. Buyers are hardly resisting, momentum is flat, and …
The Shiba Inu derivatives market is again heating up, providing a bullish outlook for the SHIB price. This comes as the crypto market rebounds, with SHIB also recording notable gains in the past few days. Shiba Inu Derivatives Market Heats Up With Rising Open InterestCoinGlass data shows that the Sh…