Category: Shibarium

Auto Added by WPeMatico

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.

Go to Source

Shiba Inu Surges 300% In 7 Days: Holders Reap Profits Amidst Rune’s Purchase And Justin Sun’s Sale

The recent surge in Shiba Inu has ignited excitement among its holders, with the meme coin experiencing a remarkable 300% increase in value over the past seven days.  Today alone, Shiba Inu witnessed a surge of 60%, propelling its price to $0.000043, marking a significant milestone as it approaches its all-time high of $0.000088. Amidst the fervor, on-chain reports from Lookonchain shed light on notable transactions involving prominent figures in the cryptocurrency space. Rune, known as RuneKek and the Co-founder of MakerDAO, made headlines by purchasing $SHIB. Over the course of three days, Rune invested 500,000 USDC to acquire 25.04

The post Shiba Inu Surges 300% In 7 Days: Holders Reap Profits Amidst Rune’s Purchase And Justin Sun’s Sale appeared first on The Merkle News.

Go to Source

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.

Go to Source

Whale Enthusiasm For Shiba Inu Surges Amid Meme Coin Frenzy

This week, the excitement among whales for Shiba Inu (SHIB) has reached unprecedented levels, signaling a resurgence in the meme coin frenzy. Data from IntoTheBlock reveals a staggering spike of nearly 500% in large transactions involving SHIB, indicative of heightened interest and activity within the community. In a remarkable turn of events, the total supply of SHIB tokens has witnessed an exponential surge, skyrocketing from 1.2 trillion to an astounding 6.6 trillion in just two days.  This surge in supply coincides with a notable uptick in the price of the token, which has seen impressive gains of 27% within a

The post Whale Enthusiasm For Shiba Inu Surges Amid Meme Coin Frenzy appeared first on The Merkle News.

Go to Source

Shiba Inu Faces Stagnant Growth Amidst Recent Market Activity

Recent data from Coinmarketcap reveals that Shiba Inu has seen limited growth in value over the past week, with a modest increase of just 0.5%.  However, the token has managed to gain 9% in the past month, albeit still far from its peak levels recorded in 2021. Despite this, Shiba Inu remains a topic of interest and continues to attract positive forecasts from investors and analysts. Spotonchain data sheds light on recent activity involving a notable whale, identified as 0x30e, who purportedly sold 341.57 billion SHIB tokens, amounting to approximately $3.25 million, at an average price of $0.00009526.  Whale 0x30e

The post Shiba Inu Faces Stagnant Growth Amidst Recent Market Activity appeared first on The Merkle News.

Go to Source

Elon Musk’s Influence Drives Significant Profits In Smart Money Ventures

This week, Elon Musk’s impact on Smart Money ventures reached new heights as his involvement sparked a buying frenzy for the meme coin $TROLL, resulting in substantial profits of $13.4 million for numerous addresses. 🧠💰 This week, @elonmusk made the biggest impact on Smart Money profits: 🙃 Meme coin $TROLL brought in $13.4M in profits for hundreds of addresses after Musk’s bio change on X turned into a buying spree. pic.twitter.com/fEgR7JRb95 — Scopescan (@0xScopescan) January 18, 2024 While $TROLL experienced stagnation since its introduction in April of the previous year, Musk’s notable endorsement triggered a surge in the token’s value.

The post Elon Musk’s Influence Drives Significant Profits In Smart Money Ventures appeared first on The Merkle News.

Go to Source