New data from Santiment has revealed that the top 10 Shiba Inu (SHIB) addresses control over 62% of the entire token supply. The crypto analytics platform shared the update on Tuesday, posting percentages of supply held by the top blockchain wallets of popular Ethereum-based tokens on X. Santiment Data Reveals Top 10 Wallets Hold Over…
Crypto analyst Jonathan Carter has alluded to a technical pattern for Shiba Inu, which points to a breakout to the upside. Based on this, he predicted that the meme coin could soon break above the psychological $0.00002 level, which could pave the way for higher prices. Shiba Inu Confirms Descending Channel Breakout In an X…
Among the top performers from the past cycle, Shiba Inu has struggled to hold its own as its price has tumbled by more than 85%. As a result, the meme coin has been pushed out of the top 20 cryptocurrencies by market cap as the price continues to struggle. However, there could be a turn…
Shiba Inu’s active addresses have crashed over 50% in three months, providing a bearish outlook for the top meme coin. This development has also coincided with the SHIB price crash during this period. Shiba Inu’s Active Addresses Crash Over 50% Santiment data shows that Shiba Inu’s active addresses have crashed by over 50% since they…
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 the layer-2 network. Meanwhile, Shiba Inu’s Shibarium…
The crypto market moved quickly after Jerome Powell hinted that interest rate cuts may finally come. Many assets moved immediately, and the Shiba Inu price was among the top gainers. According to this post on X, more than just a price chart, this moment reminded many that SHIB’s strength lies in market timing and its…
Shiba Inu has been showing signs of preparing for a significant price move, and technical analysis is pointing to a bullish breakout on the macro timeframe. Although Shiba Inu is down by 2.8% in the past 24 hours, a chart pattern that has been forming over the past several months suggests that the token could…
Shiba Inu has introduced a major change to its community decision-making system through Shib Doggy DAO, bringing new voting options that move beyond the old reliance on token staking. Now, community members can use ERC-20 token balances to take part in governance, or choose quadratic voting to prevent large holders from dominating the process. With…
The Shiba Inu community is in its most defining moments as it kicks off its first election that will decide an interim president and set the course for the $7 billion token ecosystem’s future. With the fifth “Shib Year” now underway, some community members see the election as a significant step toward decentralization, with debates…
In the face of growing market uncertainty, a Shiba Inu developer, Kaal Dhairya, has spoken out on X about the project’s internal problem and the team’s top priorities. As SHIB begins August with a market dip, slipping further down the crypto rankings, and facing growing competition, Dhairya is drawing attention to the internal struggles holding…
