- The activity of Shiba Inu whales has dropped 79%, with significant transactions, more than a million dollars decreased considerably since December 2024.
- The community has intensified its burning efforts, removing 34.2 million parts in 24 hours, an increase of 133.66%, while weekly burns increased by 120.3%.
- Despite a drop of 22.4% in the last month, Shib holds a company above its key support level, pending the next significant market decision.
Shiba Inu (SHIB) holds a company above its crucial level of support, despite a significant price drop in last month. During the last week, SHIB decreased by 7.80% and in the last 30 days, it has decreased 22.40%. However, the meme piece remains resilient, aimed at higher price targets as market conditions are changing.
At the time of writing, Shiba Inu is negotiated at $ 0,0000,15, with a 24 -hour negotiation volume of 246.3 million dollars. The token inspired by the meme experienced a slight decrease of 2.27% during the last day, reflecting the fluctuations during the market.
Shibarium faces a 79% drop in whale activity.
Crypto analyst Ali Martinez recently common A graphic of the chain data aggregator hunting, highlighting a sharp drop in the activity of the Shibaire whales on the Shibarium network. According to data, large transactions exceeding $ 1 million has dropped since December 6, 2024, reflecting a 79% drop in whale activity.
This drop coincides with the prices correction of its sounds, which saw the token fall from $ 0.000033 to $ 0.000016 over the same period. Reduced whale transactions suggest that the main investors are cautious, potentially awaiting stronger bulls signals before entering the market.
Despite the slowdown in whale transactions, the SHIB community has increased the chip burns to reduce supply in circulation. According to Shibburn data, 34,245,582 pieces have been burned in the last 24 hours only, marking a 133.66% increase in the burning rate.
The largest burning transactions have deleted 20,423,263 and 13,046,414 parts, contributing to a wider trend of aggressive chip burn. During last week, the SHIB community managed to eliminate 128,221,396 traffic coins, resulting in a weekly increase of 120.3% of the burning rate.
Shiba Inu Golden Cross Sparks Hulish Momentum
Adding to growing optimism, the official Twitter account of Shiba Inu subject to to the possibility of an imminent gold cross training on graphics. A golden cross occurs when a short -term mobile average crosses a long -term mobile average, often signaling a potential optimistic trend.
With Ethereum (ETH) showing strength, the shib could follow the step if the wider market dynamics become positive. If confirmed, the golden cross could open the way to a strong recovery, potentially pushing the part to its previous resistance levels.
The shib remains at a critical moment. Although the activity of whales has decreased, the community -based burn initiative has taken on a significant dynamic, contributing to the deflationary story of Shib. If the formation of a golden golden cross is materialized, the Shib could see a renewed purchase pressure, preparing the land for a potential rally.
For the moment, all eyes remain on key technical indicators and the feeling of the market while Shiba Inu makes his way
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