Shiba Inu price analysis: SHIB further devalues at $0.00001079 after bearish run

Today's Shiba Inu price analysis displays a bearish movement in the market, and the market moves towards a negative direction, declining the price of SHIB significantly. After that, however, the cost of SHIB experienced a crash and decreased to $0.00001122, from $0.00001667; on May 11, 2022, SHIB/USD lost further momentum and obtained a massive decreasing.

Timeline of Shiba-inu

A blog post from Shiba Inu gives an update on ecosystem developments per ‘Riyoshi's Vision.' Riyoshi is the project's anonymous founder who claims to hold 0 $SHIB tokens, as doing so would affect his judgment and decision-making.

The top 1,000 Ethereum ($ETH) whales are currently holding nearly $900 million worth of the meme-inspired cryptocurrency Shiba Inu ($SHIB), making it their largest holding beyond Ethereum's native currency. According to data shared by whale monitoring service Whale Stats, the top 1,000 ETH whales are holding onto $989 million worth of SHIB, with FTX's $FTT

The Shiba Inu ecosystem has been experiencing regular network updates, courtesy of its developers. Just a few weeks after the conclusion of the first and second phase of land sale on the Shiba Metaverse, lead developer Shytoshi Kusama outlined developments that are expected on the network in the near future via a blogpost.

Today's Shiba Inu price analysis displays a bearish movement in the market, and the market moves towards a negative direction, declining the price of SHIB significantly. After that, however, the cost of SHIB experienced a spike and increased to $0.00001780, from $0.00001371; on May 10, 2022, SHIB/USD lost momentum and obtained a massive decreasing movement.

The pseudonymous lead developer of the meme-inspired cryptocurrency Shiba Inu ($SHIB), Shytoshi Kusama, has updated the cryptocurrency's community on a deal he has said would “break the internet,” noting many are unaware it's happening right in front of them. Earlier this year during an Ask Me Anything (AMA) session on Twitter spaces, Kusama said the

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Shiba Inu is ranked #15 on CoinMarketCap after taking a 25% hit to its value as an asset in the past week. The losses that the asset is posting on the charts are likely to

A total of 324,735,210 Shiba Inu (SHIB) tokens were destroyed in the past 24 hours in just about 27 transactions. The idea of burning SHIB simply means the tokens are being taken from the circulation supply and locked in a dead wallet, which is supposed to create somewhat scarcity for the second-largest meme cryptocurrency.

The number of Shiba Inu whale transactions have been increasing in the past 24hrs, despite the fact that the cryptocurrency market is being dragged into an extreme bearish trend this week. According to data from IntoTheBlock, the Shiba Inu whales transaction surged by 261% in terms of large transactions. These kind of large transaction surge …

Shiba Inu is criticized by a large part of market participants precisely because of its ‘meme-coin' nature and also because whales tend to dominate the SHIB market more often.  The dominance of whales makes SHIB more susceptible to dumps.

The data from CoinMarketCap suggest a spike in the meme coin holders, growing from 1,131,043 token holders on April 10 to 1,146,848 token holders as of May 10, an increase of 15,805 holders over a month. The increase in the overall number of SHIB holders may not immediately impact its price.