{"id":530390,"date":"2023-05-08T08:09:11","date_gmt":"2023-05-08T08:09:11","guid":{"rendered":"https:\/\/wncen.com\/?p=530390"},"modified":"2024-06-11T07:51:15","modified_gmt":"2024-06-11T07:51:15","slug":"shiba-inu-whales-accumulate-price-drops","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-whales-accumulate-price-drops\/","title":{"rendered":"Shiba Inu: Whales Accumulate Yet Price Drops – What’s Going On?"},"content":{"rendered":"

The bullish activity in the market has been on the decline due to external factors that have negatively impacted investor sentiment, especially Shiba Inu.<\/p>\n

Specifically, the crypto market has suffered a significant setback following the US Federal Reserve’s decision to increase interest rates and the resurgence of concerns regarding banking crises.<\/p>\n

According to the latest data from CoinGecko<\/a>, the market has contracted by nearly 2% within the past 24 hours, indicating a clear downward trend.<\/p>\n

\"\"<\/p>\n

Source: CoinMarketCap<\/pre>\n
SHIB, one of the leading meme coins in the space, is currently flashing red in all timeframes. The latest market data reveals that SHIB is <\/span>down<\/span><\/a> nearly 5% in the current timeframe, showing investors that it is a must-avoid coin in the coming days. However, crypto whales have been accumulating SHIB according to recent <\/span>reports<\/span><\/a>.\u00a0<\/span><\/p>\n
Related Reading:  Cardano TVL Climbs By 10% In A Day \u2013 Is ADA Set To Soar Once Again?<\/a><\/div>\n
Price Down, Whales Accumulate – What\u2019s Up?<\/strong><\/h2>\n
According to crypto whale tracker <\/span>WhaleStats<\/span><\/a>, the token is still the most traded token by whales. Recent <\/span>news<\/span><\/a> regarding this recent activity reveals that this accumulation might be part of a bigger investment strategy. In late March, the same whales sold over 500 billion SHIB before accumulating once more.\u00a0<\/span><\/p>\n
Whales also hold the majority of SHIB\u2019s supply. Up to 31% of the total supply of SHIB is being controlled by 100 whales in the market. However, their accumulation was met by bearishness with SHIB going downward.\u00a0<\/span><\/p>\n
\"\"<\/p>\n
Source: WhaleStats<\/pre>\n
The token\u2019s recent price movement can be explained by the market\u2019s recent actions. Major cryptocurrencies like <\/span>Bitcoin<\/span><\/a> and <\/span>Ethereum<\/span><\/a> have been doing badly in the past few days. Despite Bitcoin <\/span>facing<\/span><\/a> a bullish break according to a Twitter analyst, SHIB\u2019s current performance might be held back by developments outside of SHIB.\u00a0<\/span><\/p>\n
\n
#Bitcoin<\/a> Inexorable Breakout \ud83d\udca5\ud83d\ude80#BTC<\/a> is about to break its monthly Bollinger Bands base line \ud83d\udd34. And when that happens 1st target \ud83c\udfaf will follow inexorably. That would bring #Bitcoin<\/a> to a solid $63,500. pic.twitter.com\/jMojWaS3eL<\/a><\/p>\n
\u2014 Titan of Crypto (@Washigorira) May 5, 2023<\/a><\/p><\/blockquote>\n
Despite this, investors should keep an eye out for SHIB as it continues to <\/span>mature<\/span><\/a>.\u00a0<\/span><\/p>\n
Shiba Inu Investors Should Watch This Level<\/strong><\/h2>\n
At the moment, the token is below the $0.0000096 resistance level. However, the price seems to stabilize below this level which may be indicative of a bullish breakout. If the bulls manage to break through $0.00000096, investors and traders could then target $0.00001098 comfortably.\u00a0<\/span><\/p>\n
However, investors and trailers should monitor how Bitcoin and Ethereum move in the coming weeks. Any bearishness within these markets can negatively affect SHIB\u2019s price movements in the future.\u00a0<\/span><\/p>\n
<\/p>\n
SHIB total market cap at $5.5 billion on the daily chart at TradingView.com<\/a><\/pre>\n
Related Reading: Ethereum (ETH) Booming Deposits: Insights On Potential Price Outcome<\/a><\/div>\n
Monitoring the macroeconomic situation will also benefit the bulls. <\/span>May 10<\/span><\/a> will be the next date investors should pay attention to as this is the date when the Consumer Price Index data will be released. If the core CPI stays high or remains stagnant, we can expect the Federal Reserve to raise the interest rates in the coming months.\u00a0<\/span><\/p>\n
In the short term, investors should be wary of short sellers temporarily taking over the market. <\/span>CoinGlass<\/span><\/a> data shows that long buyers are outnumbered by short sellers by a wide margin. Keeping these in mind should keep SHIB\u2019s profitability in the green for investors.\u00a0<\/span><\/p>\n
-Featured image from IT Business<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
The bullish activity in the market has been on the decline due to external factors that have negatively impacted investor sentiment, especially Shiba Inu. Specifically, the crypto market has suffered a significant setback following the US Federal Reserve’s decision to increase interest rates and the resurgence of concerns regarding banking crises. According to the latest data from CoinGecko, the market has contracted by nearly 2% within the past 24 hours, indicating a clear downward trend. Source: CoinMarketCap SHIB, one of the leading meme coins in the space, is currently flashing red in all timeframes. The latest market data reveals that SHIB is down nearly 5% in the current timeframe, showing investors that it is a must-avoid coin in the coming days. However, crypto whales have been accumulating SHIB according to recent reports.\u00a0 Related Reading: Cardano TVL Climbs By 10% In A Day \u2013 Is ADA Set To Soar Once Again? Price Down, Whales Accumulate – What\u2019s Up? According to crypto whale tracker WhaleStats, the token is still the most traded token by whales. Recent news regarding this recent activity reveals that this accumulation might be part of a bigger investment strategy. In late March, the same whales sold over 500 billion SHIB before accumulating once more.\u00a0 Whales also hold the majority of SHIB\u2019s supply. Up to 31% of the total supply of SHIB is being controlled by 100 whales in the market. However, their accumulation was met by bearishness with SHIB going downward.\u00a0 Source: WhaleStats The token\u2019s recent price movement can be explained by the market\u2019s recent actions. Major cryptocurrencies like Bitcoin and Ethereum have been doing badly in the past few days. Despite Bitcoin facing a bullish break according to a Twitter analyst, SHIB\u2019s current performance might be held back by developments outside of SHIB.\u00a0 #Bitcoin Inexorable Breakout \ud83d\udca5\ud83d\ude80#BTC is about to break its monthly Bollinger Bands base line \ud83d\udd34. And when that happens 1st target \ud83c\udfaf will follow inexorably. That would bring #Bitcoin to a solid $63,500. pic.twitter.com\/jMojWaS3eL \u2014 Titan of Crypto (@Washigorira) May 5, 2023 Despite this, investors should keep an eye out for SHIB as it continues to mature.\u00a0 Shiba Inu Investors Should Watch This Level At the moment, the token is below the $0.0000096 resistance level. However, the price seems to stabilize below this level which may be indicative of a bullish breakout. If the bulls manage to break through $0.00000096, investors and traders could then target $0.00001098 comfortably.\u00a0 However, investors and trailers should monitor how Bitcoin and Ethereum move in the coming weeks. Any bearishness within these markets can negatively affect SHIB\u2019s price movements in the future.\u00a0 SHIB total market cap at $5.5 billion on the daily chart at TradingView.com Related Reading: Ethereum (ETH) Booming Deposits: Insights On Potential Price Outcome Monitoring the macroeconomic situation will also benefit the bulls. May 10 will be the next date investors should pay attention to as this is the date when the Consumer Price Index data will be released. If the core CPI stays high or remains stagnant, we can expect the Federal Reserve to raise the interest rates in the coming months.\u00a0 In the short term, investors should be wary of short sellers temporarily taking over the market. CoinGlass data shows that long buyers are outnumbered by short sellers by a wide margin. Keeping these in mind should keep SHIB\u2019s profitability in the green for investors.\u00a0 -Featured image from IT Business<\/p>\n","protected":false},"author":557,"featured_media":530397,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83767,83668,83667,14781],"class_list":["post-530390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-meme-coins","tag-shib","tag-shiba-inu","tag-whales"],"acf":[],"yoast_head":"\nShiba Inu: Whales Accumulate Yet Price Drops - What's Going On?<\/title>\n<meta name=\"description\" content=\"The bullish activity in the market has been on the decline due to external factors that have negatively impacted investor sentiment, especially Shiba Inu.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-whales-accumulate-price-drops\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu: Whales Accumulate Yet Price Drops - 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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