{"id":543808,"date":"2023-07-22T11:15:11","date_gmt":"2023-07-22T11:15:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=543808"},"modified":"2023-07-22T10:04:42","modified_gmt":"2023-07-22T10:04:42","slug":"how-did-shiba-inu-price-react-to-3-trillion-shib-investor-accumulation","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/how-did-shiba-inu-price-react-to-3-trillion-shib-investor-accumulation\/","title":{"rendered":"How Did Shiba Inu Price React To 3 Trillion SHIB Investor Accumulation?"},"content":{"rendered":"

Shiba Inu (SHIB) has emerged as a force to be reckoned with in the digital asset landscape despite the lack of significant bullish momentum in the past few weeks. However, recent events have catapulted this canine-inspired cryptocurrency into the spotlight, as an astonishing 3 trillion SHIB tokens were accumulated by investors.\u00a0<\/span><\/p>\n

Cryptocurrencies are renowned for their inherent volatility, and Shiba Inu is no exception. The token’s meteoric popularity and the passionate community backing it have contributed to its roller-coaster journey on the market.<\/p>\n

But with the recent accumulation of such an astronomical number of SHIB tokens, questions arise about how this development will reverberate throughout the ecosystem and influence its market value.<\/span><\/p>\n

SHIB Token Accumulation And Price Stability<\/strong><\/h2>\n

A recent <\/span>SHIB price report<\/span><\/a> highlights a notable surge in SHIB token accumulation by investors, indicating heightened interest and confidence in the cryptocurrency.<\/span><\/p>\n

Related Reading: XDC Network Dominates Weekend Top 100 Roster With 50% Rally<\/a><\/div>\n

With approximately 3 trillion SHIB tokens, amounting to a significant value of over $23 million being bought from exchanges within a two-day period, it appears that investors are actively seeking to bolster their positions in the Shiba Inu ecosystem.<\/span><\/p>\n

\"\"<\/p>\n

Within two days, exchanges sold 3 trillion SHIB coins worth $23 million. Source: Santiment<\/a><\/pre>\n
Despite the substantial increase in token accumulation, the Shiba Inu price has not witnessed any significant change, leaving investors somewhat disconcerted. <\/span><\/p>\n
A lack of price movement often results in a scenario where investors adopt a “wait-and-see” approach, keeping their holdings static rather than engaging in active trades. This phenomenon, commonly known as “sitting ducks,” can hinder the overall liquidity and dynamism of the SHIB market.<\/span><\/p>\n
\"\"<\/p>\n
SHIB feeling the pain on the weekly timeframe. Source: Coingecko<\/a><\/pre>\n
Based on the latest data from crypto market tracker <\/span>Coingecko<\/span><\/a>, the current price of SHIB stands at $0.00000785. Over the past 24 hours, the token has experienced a modest 1.2% rally, which indicates some level of short-term market activity. However, over the last seven days, SHIB has faced a decline of 5.8%, hinting at potential challenges in sustaining positive price momentum.<\/span><\/p>\n
Shibarium\u2019s Potential<\/strong><\/h2>\n
Meanwhile, Shiba Inu is gearing up to introduce an innovative layer-2 solution known as Shibarium, aiming to revolutionize the process of purchasing SHIB tokens by enhancing cost-effectiveness, efficiency, and speed. <\/span><\/p>\n
<\/p>\n
Shiba Inu market cap currently at $4.5 billion on the weekend chart: TradingView.com<\/a><\/pre>\n
This highly anticipated L2 network has garnered immense excitement within the Shiba Inu community, with investors hailing it as the potential catalyst for propelling SHIB’s price to unprecedented heights, even setting the <\/span>ambitious target of reaching $0.01<\/span><\/a>.<\/span><\/p>\n
\n
Related Reading: Chainlink Holds Strong With 19% Rally \u2013 More Gains In The Pipeline?<\/a><\/div>\n<\/div>\n
The impending launch of Shibarium has ignited a surge of optimism among SHIB enthusiasts, as it promises to address the inherent limitations of the current token acquisition process. <\/span><\/p>\n
By leveraging the power of layer-2 technology, the network intends to streamline transactions and reduce fees, making the buying experience more accessible and seamless for users.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from <\/span>The Currency Analytics<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) has emerged as a force to be reckoned with in the digital asset landscape despite the lack of significant bullish momentum in the past few weeks. However, recent events have catapulted this canine-inspired cryptocurrency into the spotlight, as an astonishing 3 trillion SHIB tokens were accumulated by investors.\u00a0 Cryptocurrencies are renowned for their inherent volatility, and Shiba Inu is no exception. The token’s meteoric popularity and the passionate community backing it have contributed to its roller-coaster journey on the market. But with the recent accumulation of such an astronomical number of SHIB tokens, questions arise about how this development will reverberate throughout the ecosystem and influence its market value. SHIB Token Accumulation And Price Stability A recent SHIB price report highlights a notable surge in SHIB token accumulation by investors, indicating heightened interest and confidence in the cryptocurrency. Related Reading: XDC Network Dominates Weekend Top 100 Roster With 50% Rally With approximately 3 trillion SHIB tokens, amounting to a significant value of over $23 million being bought from exchanges within a two-day period, it appears that investors are actively seeking to bolster their positions in the Shiba Inu ecosystem. Within two days, exchanges sold 3 trillion SHIB coins worth $23 million. Source: Santiment Despite the substantial increase in token accumulation, the Shiba Inu price has not witnessed any significant change, leaving investors somewhat disconcerted. A lack of price movement often results in a scenario where investors adopt a “wait-and-see” approach, keeping their holdings static rather than engaging in active trades. This phenomenon, commonly known as “sitting ducks,” can hinder the overall liquidity and dynamism of the SHIB market. SHIB feeling the pain on the weekly timeframe. Source: Coingecko Based on the latest data from crypto market tracker Coingecko, the current price of SHIB stands at $0.00000785. Over the past 24 hours, the token has experienced a modest 1.2% rally, which indicates some level of short-term market activity. However, over the last seven days, SHIB has faced a decline of 5.8%, hinting at potential challenges in sustaining positive price momentum. Shibarium\u2019s Potential Meanwhile, Shiba Inu is gearing up to introduce an innovative layer-2 solution known as Shibarium, aiming to revolutionize the process of purchasing SHIB tokens by enhancing cost-effectiveness, efficiency, and speed. Shiba Inu market cap currently at $4.5 billion on the weekend chart: TradingView.com This highly anticipated L2 network has garnered immense excitement within the Shiba Inu community, with investors hailing it as the potential catalyst for propelling SHIB’s price to unprecedented heights, even setting the ambitious target of reaching $0.01. Related Reading: Chainlink Holds Strong With 19% Rally \u2013 More Gains In The Pipeline? The impending launch of Shibarium has ignited a surge of optimism among SHIB enthusiasts, as it promises to address the inherent limitations of the current token acquisition process. By leveraging the power of layer-2 technology, the network intends to streamline transactions and reduce fees, making the buying experience more accessible and seamless for users. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from The Currency Analytics<\/p>\n","protected":false},"author":557,"featured_media":543819,"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":[1144,8686,83767,4735,84473,83667],"class_list":["post-543808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-price-action","tag-shib-price","tag-shiba-inu"],"acf":[],"yoast_head":"\nHow Did Shiba Inu Price React To 3 Trillion SHIB Accumulation?<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) has emerged as a force to be reckoned with in the digital asset landscape despite the lack of significant bullish momentum in the past\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. 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. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"How Did Shiba Inu Price React To 3 Trillion SHIB Investor Accumulation?","url":"http:\/\/uniquehot.com\/news\/how-did-shiba-inu-price-react-to-3-trillion-shib-investor-accumulation\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/how-did-shiba-inu-price-react-to-3-trillion-shib-investor-accumulation\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-140.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-140.png?fit=993%2C583"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","meme coins","price action","shib price","shiba inu"],"dateCreated":"2023-07-22T11:15:11Z","datePublished":"2023-07-22T11:15:11Z","dateModified":"2023-07-22T11:15:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"How Did Shiba Inu Price React To 3 Trillion SHIB Investor Accumulation?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/how-did-shiba-inu-price-react-to-3-trillion-shib-investor-accumulation\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/how-did-shiba-inu-price-react-to-3-trillion-shib-investor-accumulation\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-140.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-140.png?fit=993%2C583\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"meme coins\",\"price action\",\"shib price\",\"shiba inu\"],\"dateCreated\":\"2023-07-22T11:15:11Z\",\"datePublished\":\"2023-07-22T11:15:11Z\",\"dateModified\":\"2023-07-22T11:15:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-140.png?fit=993%2C583","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/543808"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=543808"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/543808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/543819"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=543808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=543808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=543808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}