Shiba Inu Exchange Supply Drops Toward New Lows, What This Means For Price
The Shiba Inu price rallied to as high as $0.00001413 in the past 24 hours, after breaking above a symmetrical triangle pattern in technical analysis of its daily candlestick timeframe chart. An important factor in this move is the massive drop in SHIB exchange reserves, which fell from 122.54 trillion on July 31 to 121.31 […]
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Shiba Inu’s layer-2 network, Shibarium, has suffered a significant decline in its daily transaction metric, providing a bearish outlook for the top meme coin. This comes as the SHIB price looks to stage a rebound alongside the broader crypto market. Shiba Inu’s Shibarium Suffers Crash In Daily Transactions Shibariumscan data shows that daily transactions on Shiba Inu’s layer-2 network crashed from just over 4 million on August 23 to 1.09 million on August 24. The crash further extended on August 25 as the network recorded 624,140 transactions on the day, which represented a 2-month low....
The future of SHIB’s price has been caught in a whirlwind of uncertainty in recent times, even as the updates continue to spring regarding the Shiba Inu community. Crypto exchanges witnessed a recent inflow of SHIB tokens this week, indicating a significant price action could be on the horizon for the popular meme coin. Shiba […]
On-chain data shows Shiba Inu has a high concentration of supply on its largest holders. Here’s how Ethereum and other altcoins compare. Top 10 Shiba Inu Wallets Control The Majority Of Supply In a new post on X, the on-chain analytics firm Santiment has talked about how the total holdings of the ten largest whales compares for four altcoins: Ethereum (ETH), Shiba Inu (SHIB), Chainlink (LINK), and Toncoin (TON). Related Reading: Bitcoin Still In Bull Market, On-Chain Indicator Confirms Below is the chart shared by the analytics firm that shows the trend in this metric for these....
The Shiba Inu development team has officially rolled out LEASH v2, a new version of the ecosystem’s exclusive token designed to correct a long-standing supply controversy. Over the past week, LEASH holders expressed growing concerns after a hidden rebase path in the original contract unexpectedly increased supply, resulting in a 20%+ dilution from the 107,646 […]
On-chain data shows that the percentage of Ethereum supply present on exchanges has set new lows of around 14%. Ethereum Supply On Exchanges Continues To Go Down As pointed out by an analyst in a CryptoQuant post, the ETH supply present on exchanges has been going down since a while now. It has now hit new lows of about 14%. The “percentage supply on exchanges” is an indicator that shows the share of the total Ethereum supply stored in wallets of all exchanges. Usually, this supply present on exchanges is said to be the selling supply of ETH, and so if the indicator’s....