Shiba Inu Whales Trading Volume Surges 640% As SHIB Holds Critical Support

Shiba Inu whales’ trading volume skyrocketed by 640% as seen in the coin’s 24-hour trading volume. A 61% increase in whale buying and selling has been recorded.

In the 24 hours preceding, active addresses of SHIB holders were able to see large transactions which spiked up to 57.41%. SHIB value rose by 3.06%. This is Shiba Inu’s return to the critical support level of 0.001

Similar Reading: Cardano joins the Red Screen – What ADA Did to $0.45 in 24 Hours| Cardano Joins The Red Screen – How ADA Fell To $0.45 Over Last 24 Hours

SHIB trading volume down 7.48%

At press time Shiba Inu trades at $0.00001044. This is a drop of 7.48% overnight, and a plunge of 12.84% weekly. Bitcoin’s movement and other altcoins also negatively impacted the Federal Reserve regulatory issues concerning the crypto market.

Shiba Inu has been the most significant token of all ETH whales so far. There are over 1,000 top ETH whales hoarding $641,196.371 worth of SHIB.

For two weeks, SHIB’s price has been bullish but it’s now in a muddle. SHIB started July 12 with a bullish streak that gave it a 34% boost before prices plummeted.  

SHIB’s current slump is 2%. This extends yesterday’s bullish streak at 7%.

Is Shiba Inu going bullish and retracing?

SHIB’s prices surged due to news of its launch of a new metaverse collector card game called SHIBA Collectible Card Game, which it is collaborating with TREAT. The meme coin may also introduce SHI (a stablecoin).

Shiba Inu recently launched the SHIB Burn Visa Card. This card burns SHIB and allows for transactions. The announcement was posted via a video teaser on Twitter with the caption, “Make Payments, Burn SHIB.”

SHIB market capital at $5.8 Billion according to the daily chart. Source:| Source:

Suggestions for Reading: The TRON Bulls are Back to Pump some Energy into the TRX Coin| TRON Bulls Are Back To Pump Some Energy Into TRX Coin

Printful, an American printing company has begun accepting SHIB payments as well as other cryptocurrency via BitPay.

The resistance level of $0.0000125 was broken by the SHIB prices. The resistance level was breached and the price has fallen almost immediately.

Subsequently, SHIB prices have continued to dwindle and gone bearish with today’s drop of 2%. This trend suggests that the price of coins will continue to fall. SHIB price will drop further in the next trading session, according to the daily chart.

SHIB prices are expected to continue falling and eventually reach $0.0000095. SHIB could perform well if it retraces its decline and remains above $0.0000116.

Featured image by CNTraveler. Chart from

Get more Crypto News at CFX Magazine