This Token Dethrones Shiba Inu To Become Biggest ETH Whale Holding

Shiba Inu (SHIB) has been the top choice of the largest Ethereum (ETH) whales for a very long time. Meanwhile, a new entry into the biggest ETH wallets has grabbed the spotlight from the SHIB token.

Timeline of Shiba-inu

Speculation is mounting that Shiba Inu founder Ryoshi is behind the new crypto project Dejitaru Tsuka, The Express reported on August 1. The post Is mysterious Shiba Inu founder Ryoshi behind new project Dejitaru Tsuka?

Industries including financial services, audits and even supply chain management could be affected by blockchain technology. The crypto industry is characterized by intense rivalry, which will only intensify as new, potential ventures emerge.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. After plunging below the $0.020mark, Shiba Inu [SHIB] expedited its bearish break into a high volatility phase.

Shiba Inu (SHIB) along with another meme coin Dogecoin (DOGE) have had the worst crashes. However, SHIB is singing a different tune as it turns green after suffering a bearish downturn for a long time.

The market has likely eliminated almost all feeble investments by this point, leaving just those who are not very sensitive to price changes. While investors will remember 2022 as one of the bloodiest years in the history of the cryptocurrency market, it also offers a fantastic chance to make money.

Shiba Inu (CRYPTO: SHIB) saw one of its largest-ever liquidation days on record on Thursday. What Happened: According to data from CoinGlass, $16.84 million SHIB short positions were liquidated on July 28.

A popular cryptocurrency exchange in the Philippines,Coins.ph, has brought Shiba Inu back to life by adding it to its top 20 cryptocurrencies listing. The so-called Dogecoin killer was struggling to compete with its Meme-coin competitor lately and things are begining to look up as of now.

The proposed release of a crypto card by Shiba Inu [SHIB] has influenced the meme coin burn rate. In the early hours of 25 July, the burn website of SHIB announced that it was working towards a crypto card for payments.

Shiba Inu's price declined by 12.5% over the past week, confirming a downtrend in the meme coin. SHIB plummeted below the 50-day EMA at $0.00001138 and the 21-day EMA at $0.000011.

While Shiba Inu (SHIB) has been moving upwards since June 18, it is trading inside a short-term corrective pattern, indicating that a breakdown could transpire. The post Shiba Inu (SHIB) Nearing From Short-Term Pattern appeared first on BeInCrypto.