Shibaqua priceSHIB

SHIB is trading at close to the support level of $0.057754, where it has fallen by 4.3 percent in a day, which continues price movement that is highly within a range. The at times resistance at $0.058215 still suppresses upside movements and limits short term recovery between the 24-hour range. SHIB is stronger in comparison to ETH and BTC during the time of dollar weakness. Shiba Inu (SHIB) continues to widen its recent withdrawal in the recent session, with the price moves remaining strained in major trading blocs. SHIB was trading at $0.057841 at the moment of reporting, which is equivalent to a 4.3% daily loss. This shift brought the token close to its short term support level thus creating a narrow and tightly followed trading formation. Consequently, the players in the market followed the aspect of whether price stability would arise within the set range. Performance of the session was also reflective of the changes toward both Bitcoin and Ethereum, thus contributing additional background to the current adjustment. SHIB Stuck in Tight Range as Key Levels Hold Firm Notably, SHIB’s decline brought the price close to the identified support at $0.057754. This area marked the lower boundary of recent trading activity. Price action remained compressed, with the 24-hour range extending between support and resistance. This positioning indicated limited directional expansion during the session. However, the proximity to support placed added focus on near-term price behavior. Any movement below this zone would alter the short-term structure. Meanwhile, holding above support maintained the existing range-bound setup. On the upper side, SHIB faced resistance at $0.058215, which defined the session’s recovery ceiling. Price action failed to reclaim this level during the observed period. As a result, upward attempts remained constrained. The resistance zone also aligned with the upper end of the daily range, reinforcing its technical relevance. However, the price continued oscillating below this threshold. This structure kept SHIB positioned between clearly defined levels, limiting volatility expansion. Consequently, traders monitored reactions near resistance for any directional confirmation. SHIB Shows Mixed Strength vs BTC and ETH Amid Dollar Weakness In addition to the dollar pricing, SHIB recorded uneven performance in major crypto pairs. Compared to Bitcoin, SHIB went at 0.0109075 BTC, which is an increment of 0.5%. Conversely, the token increased by 3.4 per cent over Ethereum at 0.082676 ETH. These relative gains gave further hints on the short-term positioning. However, dollar-based weakness remained the dominant factor. Together, these metrics highlighted a market phase focused on consolidation rather than expansion. As price hovered between support and resistance, the data suggested continued sensitivity to nearby technical levels, shaping expectations for the next session’s direction. Tags: cryptocurrency SHIB Shiba Inu

Until now, around 410 trillion SHIB tokens have been permanently removed from circulation, Shibburn data shows. Burns have often been used to support price by slowly reducing supply. However, with no tokens burned in the past day, that factor has become neutral in the short term. --> Meanwhile, SHIB price action is no longer reacting to social hype or market mood. Current movement is driven mainly by leverage and liquidation pressure and is more sensitive to forced liquidations. Leverage Levels Now Control SHIB Price Direction According to CoinGlass data, the level that causes the most damage to long traders sits near $0.00777. On the other side, short sellers face pressure closer to $0.0086. With SHIB trading around $0.00816, the downside liquidation zone is much closer. In meme coins which have thin markets, even small moves can trigger chains of liquidations. For SHIB, a decline of less than 5% is enough to start liquidating long positions. SHIB Price Analysis: Risk Before Recovery The weekly chart shows SHIB trading near a long-term support zone. A clear downward trend line has guided prices lower for months, and price is now sitting at the base of this structure. The RSI near oversold levels and MACD still below the neutral line indicate that the momentum is weak for a recovery rally. Source: TradingView If support fails, the chart shows room for a roughly 20% drop from current levels before any primary demand appears. This aligns with the liquidation zone near $0.00777. On the other hand, a recovery would first need to reclaim the red resistance zone on the chart, which could eventually lead to a re-test of the $0.00005 region. Another Dog-Themed Meme Coin Project Is Generating Actual Hype While SHIB has failed to impress with utility and token burns, a new meme coin is rapidly climbing up the popularity ladder, attracting attention in a hurry. Maxi Doge ($MAXI), a meme coin project on the Ethereum [NC] blockchain, has raised a monumental $4.3 million in its ongoing presale. Combining fun with the high-energy sentiment of trading, Maxi Doge taps into the same energy that the early days of Dogecoin [NC] brought, and continues its 1000x rally in a matter of months. Maxi Doge is not all memes and risky trading but is actually providing utility as well! The meme coin project creates a community for sharing trading setups, alpha leaks, and early opportunities. It also provides a massive 71% per annum staking reward for early $MAXI buyers. To buy $MAXI before prices increase in 37 hours, visit the official Maxi Doge website and then connect a supported wallet (like Best Wallet). After following the instructions, you can easily complete the $MAXI purchase by swapping crypto in your wallet or using a debit/credit card. next A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books. Parth Dubey on LinkedIn Share:

A seismic shift just rocked the Shiba Inu ecosystem. A single, anonymous cryptocurrency whale, controlling a staggering portion of the total SHIB supply, has made a multi-million dollar move to a major exchange. This SHIB whale activity instantly sends ripples through the market, prompting urgent questions about future price action and the concentration of wealth in meme coins. Who Is This Mysterious SHIB Whale? According to on-chain analytics from AmberCN, the address ‘fd6fa872…’ executed this significant transaction. This entity is no ordinary investor. They originally purchased a colossal 103 trillion SHIB tokens back in 2020 for just 37.8 ETH, equivalent to roughly $137,000 at the time. This early bet has ballooned into a fortune, making them one of the most influential figures in the SHIB universe. Their latest move? Depositing 464.3 billion SHIB, valued at approximately $3.48 million, to the OKX exchange within a single hour. This action reduces their direct wallet holdings but maintains their titanic influence. What Does This Whale Move Mean for SHIB? When a SHIB whale of this magnitude moves funds to an exchange, the market pays close attention. Typically, such a deposit signals a potential intent to sell, which can create immediate selling pressure. However, it’s crucial to analyze the context before jumping to conclusions. Remaining Holdings: Even after this deposit, the whale retains 96.22 trillion SHIB, worth about $718 million. This still represents 16.3% of the entire SHIB supply. Profit Realization: The original investment of $137k has grown exponentially. Moving $3.48M could simply be a minor profit-taking step from a vast portfolio. Market Sentiment: Large moves often trigger fear or uncertainty among smaller holders, potentially leading to increased volatility. Could This SHIB Whale Activity Impact Price? The direct impact on SHIB’s price hinges on what happens next. A deposit to an exchange provides liquidity but doesn’t guarantee an immediate sell-off. The market will watch for subsequent transactions from the receiving exchange wallets. Therefore, this event serves as a critical watchpoint for traders. Historically, significant SHIB whale movements have preceded periods of heightened volatility. The concentration of supply with a few large holders remains a double-edged sword for decentralized meme coins—it can mean stability from committed holders or vulnerability to large-scale exits. Actionable Insights for SHIB Investors For the everyday SHIB investor, navigating whale-driven markets requires a strategic approach. Do not panic based on a single data point. Instead, consider this part of the broader on-chain narrative. Monitor Exchange Flows: Use blockchain explorers to track if the deposited SHIB is moved to sell orders or simply held on OKX. Assess Volume: Watch trading volume. A large sell order from this deposit would be absorbed by high volume with less price impact. Context is Key: Remember this whale has held through massive rallies. A $3.48M move is a tiny fraction of their total $718M position. The Bottom Line on the SHIB Whale Movement In conclusion, the recent deposit by a major SHIB whale is a powerful reminder of the forces that shape the cryptocurrency landscape. While the move is significant, the whale’s continued massive holding suggests a long-term belief in the asset rather than a full-scale exit. For the SHIB community, transparency and monitoring of such large holders are essential for understanding market dynamics. The true test will be how the market digests this liquidity and whether it marks a turning point or just a routine portfolio adjustment by a crypto giant. Frequently Asked Questions (FAQs) What is a crypto whale? A crypto whale is an individual or entity that holds a large enough amount of a specific cryptocurrency that their trades can potentially influence the market price. Why would a SHIB whale deposit tokens to an exchange? Common reasons include preparing to sell, moving funds for security, participating in exchange-specific services like staking, or simply reorganizing their portfolio. A deposit alone does not confirm a sale. How much SHIB does this whale still own? After the $3.48M deposit, the whale’s address still holds 96.22 trillion SHIB, valued at approximately $718 million, which is 16.3% of the total supply. Should I sell my SHIB because of this whale move? Investment decisions should not be based on a single transaction. Consider your own investment strategy, risk tolerance, and the broader market context. Whale movements are one data point among many. How can I track whale activity myself? You can use blockchain explorers like Etherscan for Ethereum-based tokens like SHIB. Look for large transactions and monitor known whale addresses. Several analytics platforms also provide whale-tracking dashboards. What does this mean for SHIB’s decentralization? A single entity holding over 16% of the supply highlights a challenge for meme coins striving for decentralization. It creates a point of centralization that can impact price and community governance. Join the Conversation Whale movements always spark intense discussion. What’s your take on this major SHIB whale transaction? Do you see it as a warning sign or a non-event? Share this article on X (Twitter) or your favorite social media platform to debate with other crypto enthusiasts and see where the community stands on this pivotal market event. To learn more about the latest cryptocurrency market trends, explore our article on key developments shaping Shiba Inu price action and institutional adoption. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

BlockBeats News, December 18th, according to ChainInfo, in 2020, a whale spent only 37.8 ETH (about $13,700) to buy 1.03 quadrillion SHIB tokens, accounting for 17.4% of the total supply. 45 minutes ago, they continued to transfer 464.3 billion SHIB tokens (about $3.48 million) to OKX. They still hold 962.2 trillion SHIB tokens (about $718 million), accounting for 16.3% of the total SHIB supply.