{"id":527045,"date":"2023-04-14T08:00:02","date_gmt":"2023-04-14T08:00:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=527045"},"modified":"2023-04-16T09:45:41","modified_gmt":"2023-04-16T09:45:41","slug":"shiba-inu-weathered-whale-dumping","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-weathered-whale-dumping\/","title":{"rendered":"Shiba Inu: How The Meme Coin Weathered Whale Dumping And Emerged Stronger"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Shiba Inu (SHIB) is one of the biggest meme coins in the crypto market. Boasting a 24-hour trading volume of over $1 billion and a market cap of $12.5 billion, SHIB is ranked the 9th in <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko\u2019s<\/span><\/a><span style=\"font-weight: 400\"> top 100 list.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The token has just been subjected to a massive whale push. Recently, a top whale address was revealed to have <\/span><a href=\"https:\/\/uniquehot.com\/press-releases\/meme-crypto-battle-shiba-inu-shib-vs-dogecoin-doge-this-innovative-defi-crypto-will-challenge-both-in-terms-of-market-cap-set-to-provide-25x-capital-growth-in-2023\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">dumped<\/span><\/a><span style=\"font-weight: 400\"> 538 billion SHIB in the open market. However, the memecoin\u2019s price has not changed that much. As of writing, the token is <\/span><span style=\"font-weight: 400\">down<\/span><span style=\"font-weight: 400\"> slightly in the past 24 hours at 0.3%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">But the token remains in the green in other timeframes, with the biggest gains being made back in the weekly timeframe at 9%.\u00a0<\/span><\/p>\n<h2><strong>Developments Edge Bearish Momentum For Shiba Inu<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">SHIB <\/span><a href=\"https:\/\/twitter.com\/shibburn\/status\/97747719?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E97747719%7Ctwgr%5Ef708be2924bd5b360aa5b8415fd303327cdfd9f0%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fthecryptobasic.com%2F2023%2F04%2F15%2Fmassive-burn-1-52-billion-shiba-inu-burned-in-a-day%2F\" rel=\"nofollow\"><span style=\"font-weight: 400\">experienced<\/span><\/a><span style=\"font-weight: 400\"> a 1.5 billion token burn in the past 48 hours. Koyo, a <\/span><a href=\"https:\/\/t.co\/vwIIWbX7yL\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">new<\/span><\/a><span style=\"font-weight: 400\"> and mysterious crypto project, has recently burned 1.49 billion on Friday. Collectively, the new project burned 8.75 billion SHB tokens since its inception.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This resulted in the burn rate of the token skyrocketing to 3,000%. Adding on to this is the <\/span><a href=\"https:\/\/twitter.com\/shibburn\/status\/48369938?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E48369938%7Ctwgr%5Ef708be2924bd5b360aa5b8415fd303327cdfd9f0%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fthecryptobasic.com%2F2023%2F04%2F15%2Fmassive-burn-1-52-billion-shiba-inu-burned-in-a-day%2F\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">mysterious wallet<\/span><\/a><span style=\"font-weight: 400\"> that incinerated 16.7 million SHIB. At the token\u2019s current price of $0.089854, the burnt SHIB is worth $1.5 million.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udd25 16,712,083 <a href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$SHIB<\/a> -&gt; transferred to dead wallet. <a href=\"https:\/\/t.co\/bIU9fN3ff7\" rel=\"nofollow\">https:\/\/t.co\/bIU9fN3ff7<\/a><\/p>\n<p>\u2014 Shibburn (@shibburn) <a href=\"https:\/\/twitter.com\/shibburn\/status\/48369938?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 14, 2023<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Supporting this recent on-chain development is an overall positive sentiment in the crypto market. According to analysts, the recent significant inflow of liquidity in major cryptocurrencies like Bitcoin and Ethereum will be the leading cause of the next altcoin pump.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">German crypto influencer Hoss <\/span><a href=\"https:\/\/twitter.com\/hoss_crypto\/status\/84593153?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E84593153%7Ctwgr%5Ef81c45b55eea0f1364e115b0b2bed017e1a366ed%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoinedition.com%2Fcrypto-market-sees-55b-inflow-altcoin-season-is-here-says-analyst%2F\" rel=\"nofollow\"><span style=\"font-weight: 400\">argued<\/span><\/a><span style=\"font-weight: 400\"> that the price actions of various cryptocurrencies would follow 2019\u2019s crypto price action. He added that investors should expect volatility in the market as various cryptocurrencies jump and tank at the same time.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"de\">Die Altcoin Season hat begonnen! \ud83d\ude80\ud83e\udd14<br \/>\nWorauf solltest du achten?\ud83d\udc47\ud83c\udffb<\/p>\n<p>1. Altcoins bieten riesige Chancen und einige machen unglaubliche Returns damit (+100x), der Gro\u00dfteil verliert aber eher Geld!<\/p>\n<p>2. In einem Bullenmarkt-Markt ist alles klar und vorhersehbar, Liquidit\u00e4t flie\u00dft von\u2026 <a href=\"https:\/\/t.co\/WC5vcvBXCO\" rel=\"nofollow\">pic.twitter.com\/WC5vcvBXCO<\/a><\/p>\n<p>\u2014 Hoss (@hoss_crypto) <a href=\"https:\/\/twitter.com\/hoss_crypto\/status\/84593153?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 14, 2023<\/a><\/p><\/blockquote>\n<h2><strong>SHIB Should Continue Holding On To This Level<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The token is currently supported by SHIB at $0.00001098 and should continually be defended in the next couple of days. As the bears take momentary control of the market, SHIB might continue to oscillate above and below this support level.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/arbitrum-up-28-in-single-day\/\" target=\"_blank\" rel=\"noopener \">Arbitrum (ARB) Leads Top 50 Cryptos With Double-Digit Gain In Weekly Rankings<\/a><\/div>\n<div><\/div>\n<div class=\"related-reading-shortcode\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/L0vq9s4M\/\" width=\"2047\" height=\"979\"><\/div>\n<pre style=\"text-align: center\">SHIB total market cap now at $6.9 billion on the weekend chart at <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/injective-posts-46-rally\/\" target=\"_blank\" rel=\"noopener \">Injective Posts 46% Rally In Last 7 Days \u2013 Will INJ Keep Rising Next Week?<\/a><\/div>\n<p><span style=\"font-weight: 400\">However, this support has been the crucial level that stabilized SHIB\u2019s price since the start of April. Because of this, investors and traders can target $0.00001219 in the medium to long term as the current price level is reliable support.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">For now, monitoring the current market situation will be very beneficial. Although <\/span><a href=\"https:\/\/www.coinglass.com\/LongShortRatio\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGlass data <\/span><\/a><span style=\"font-weight: 400\">shows that short sellers outnumber long buyers at the moment, this might only be a temporary bearish control as the market experienced a significant influx of bullish sentiment.\u00a0<\/span><\/p>\n<p><em>-Featured image from Healthline<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB) is one of the biggest meme coins in the crypto market. Boasting a 24-hour trading volume of over $1 billion and a market cap of $12.5 billion, SHIB is ranked the 9th in CoinGecko\u2019s top 100 list.\u00a0 The token has just been subjected to a massive whale push. Recently, a top whale address was revealed to have dumped 538 billion SHIB in the open market. However, the memecoin\u2019s price has not changed that much. As of writing, the token is down slightly in the past 24 hours at 0.3%.\u00a0 But the token remains in the green in other timeframes, with the biggest gains being made back in the weekly timeframe at 9%.\u00a0 Developments Edge Bearish Momentum For Shiba Inu SHIB experienced a 1.5 billion token burn in the past 48 hours. Koyo, a new and mysterious crypto project, has recently burned 1.49 billion on Friday. Collectively, the new project burned 8.75 billion SHB tokens since its inception.\u00a0 This resulted in the burn rate of the token skyrocketing to 3,000%. Adding on to this is the mysterious wallet that incinerated 16.7 million SHIB. At the token\u2019s current price of $0.089854, the burnt SHIB is worth $1.5 million.\u00a0 \ud83d\udd25 16,712,083 $SHIB -&gt; transferred to dead wallet. https:\/\/t.co\/bIU9fN3ff7 \u2014 Shibburn (@shibburn) April 14, 2023 Supporting this recent on-chain development is an overall positive sentiment in the crypto market. According to analysts, the recent significant inflow of liquidity in major cryptocurrencies like Bitcoin and Ethereum will be the leading cause of the next altcoin pump.\u00a0 German crypto influencer Hoss argued that the price actions of various cryptocurrencies would follow 2019\u2019s crypto price action. He added that investors should expect volatility in the market as various cryptocurrencies jump and tank at the same time.\u00a0 Die Altcoin Season hat begonnen! \ud83d\ude80\ud83e\udd14 Worauf solltest du achten?\ud83d\udc47\ud83c\udffb 1. Altcoins bieten riesige Chancen und einige machen unglaubliche Returns damit (+100x), der Gro\u00dfteil verliert aber eher Geld! 2. In einem Bullenmarkt-Markt ist alles klar und vorhersehbar, Liquidit\u00e4t flie\u00dft von\u2026 pic.twitter.com\/WC5vcvBXCO \u2014 Hoss (@hoss_crypto) April 14, 2023 SHIB Should Continue Holding On To This Level The token is currently supported by SHIB at $0.00001098 and should continually be defended in the next couple of days. As the bears take momentary control of the market, SHIB might continue to oscillate above and below this support level. Related Reading: Arbitrum (ARB) Leads Top 50 Cryptos With Double-Digit Gain In Weekly Rankings SHIB total market cap now at $6.9 billion on the weekend chart at TradingView.com Related Reading: Injective Posts 46% Rally In Last 7 Days \u2013 Will INJ Keep Rising Next Week? However, this support has been the crucial level that stabilized SHIB\u2019s price since the start of April. Because of this, investors and traders can target $0.00001219 in the medium to long term as the current price level is reliable support.\u00a0 For now, monitoring the current market situation will be very beneficial. Although CoinGlass data shows that short sellers outnumber long buyers at the moment, this might only be a temporary bearish control as the market experienced a significant influx of bullish sentiment.\u00a0 -Featured image from Healthline<\/p>\n","protected":false},"author":557,"featured_media":527068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1557,85699,3505,83668,88130],"class_list":["post-527045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cryptocurrencies","tag-memecoin","tag-price-analysis","tag-shib","tag-shibburn"],"acf":[],"yoast_head":"\n<title>Shiba Inu: How The Meme Coin Weathered Whale Dumping<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) is one of the biggest meme coins in the crypto market. 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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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