Category: SHIBA

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Shiba Inu (SHIB) Faces Price Decline Amidst Investor Sales Concerns

Shiba Inu (SHIB), a cryptocurrency that experienced a remarkable surge of over 250% in recent weeks, is now facing a notable price decline, with a 7% decrease today and a 20% drop over the week, ultimately closing below the $0.00003 mark.  This downturn has raised concerns among investors about potential sell-offs, particularly as it coincides with a significant increase in SHIB transfers to exchanges, facilitated by a whale wallet. According to data from spotonchain, a savvy trader recently deposited a substantial amount of SHIB, totaling 1.24 trillion tokens, equivalent to $35.16 million, onto platforms like Binance and Gate.io. If indeed

The post Shiba Inu (SHIB) Faces Price Decline Amidst Investor Sales Concerns appeared first on The Merkle News.

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Meme Coins See Remarkable Surge Amidst Profit-Taking Trends, WIF Sets Distinct Highs

In recent days, the cryptocurrency market has witnessed a remarkable surge in the prices of meme coins, including Dogecoin (DOGE), Pepe (PEPE), Shiba Inu (SHIB), and dogwifhat (WIF). The values of these digital assets have experienced astounding levels of increase, reflecting the growing interest and enthusiasm among investors. However, amidst the continued surge among meme coins, one notable player, Dogwifhat ($WIF), has seen its bullish momentum stall today, experiencing a slight decline of 3% in its value. This deviation from the upward trend suggests a potential shift in market dynamics, as traders begin to take profits from the recent price

The post Meme Coins See Remarkable Surge Amidst Profit-Taking Trends, WIF Sets Distinct Highs appeared first on The Merkle News.

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