Dogecoin And Shiba Inu Whale Transactions Spike Despite Drop In Activity
Crypto whales are beginning to make moves in meme coins such as Dogecoin and Shiba Inu once again as the market retraces from its weekend surge. As a result of this, Dogecoin and Shiba Inu saw a notable spikes in their large whale transactions between Sunday and Monday, with the latter seeing a particularly large […]
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On-chain data shows that large Dogecoin transactions have seen a sharp drop recently, a sign that whales are no longer active on the network. Dogecoin Whale Activity Has Plunged Since Mid-November As pointed out by analyst Ali Martinez in a new post on X, the Whale Transaction Count has declined for Dogecoin recently. The “Whale […]
Dogecoin’s recent price action has taken an unexpected turn as on-chain data shows whale transactions collapsing to levels not seen in two months. This lack of activity from whale addresses has seen the meme coin falling to an important support area, and it raises the question about whether big players are stepping back from the meme coin. Dogecoin Whale Activity Falls To Its Lowest Level In 60 Days Data from on-chain analytics platform Santiment reveals that large transactions on the Dogecoin blockchain recently fell to as low as just 4 in a single day, marking a two-month low in whale....
The cryptocurrency market has been on edge in recent weeks, and two of its most recognized meme tokens, Dogecoin and Shiba Inu, have suffered the brunt of the sell-off. Both coins have seen significant price drops with low bullish whale activity, declining on-chain performance, and worsening market sentiment. Dogecoin’s fall is aggravated by large holders selling massive amounts of tokens, while Shiba Inu’s troubles are due to its inability to sustain liquidity and demand through its layer-2 network, Shibarium. Together, their price crashes reflect the unease among retail traders....
BlueWhale0073, an Ethereum investor, continues to invest in Shiba Inu, purchasing 219 billion meme tokens. The whale also made a purchase of 50 billion SHIB on 20th April. His most recent acquisition of the canine cryptocurrency is almost 5x bigger than the one made last week. WhaleStats has confirmed that an impressive amount of SHIB (219,332,229,787) equivalent to $5,454,792 was sent to the whale’s wallet. He had earlier added 86 billion SHIB worth $2,111,500 to his wallet on April 23. Related Reading | Dogecoin (DOGE) Jumps 30% After Elon Musk Buys Twitter The owner of the....
Popular doggy-themed meme coin, Shiba Inu, has experienced a major crash in whale net flows, signaling a shift in sentiment among large-scale investors. This sharp decline could have significant repercussions for the meme coin’s price, especially as Shiba Inu has been under severe downward pressure in the last few months. Shiba Inu Whale Net Flows […]