Main navigation

Shiba Inu Triggers 627% On-Chain Spike as SHIB Price Jumps

Sat, 11/11/2023 - 11:54
Shiba Inu Triggers 627% On-Chain Spike as SHIB Price Jumps
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Shiba Inu experienced a significant surge in early Saturday trading, reaching intraday highs of $0.00000966 at the time of writing.


The rally consolidated on the prior day's advance by bulls, which saw Shiba Inu gain a foothold above the daily MA 200 barrier at $0.00000805, which constituted an impediment to Shiba Inu's price rise in the past week.

As Shiba Inu seeks to flip this touted barrier into support, its price might be on course to erase a zero as bulls' next target remains $0.00001134.

Inflows for Shiba Inu have been strong this week, particularly from whales or large holders. According to IntoTheBlock data, Shiba Inu is demonstrating a 627% surge in large holder inflows in this regard and time frame.

Shiba Inu at Brink of 250 Trillion SHIB Barrier, Here's What Bulls Might Do

Large Holders Inflow tracks funds flowing into whales' addresses and may indicate significant buying activity. Spikes in large-holder inflows can indicate price bottoms, because whales prefer to buy in bulk after significant corrections.

SHIB's price was reacting positively to the large holder inflow spike and was up 13.39% in the last 24 hours to $0.00000947 at the time of writing.

Shiba Inu marked new achievements this week

Shiba Inu revealed the first edition of The Shib Magazine to its community this week, as well as a wonderful treat for early subscribers: 1,000 free NFTs of the first edition cover.

The Shib Magazinе, which is published weekly, would serve as users' gateway to groundbrеaking idеas, thе latеst innovations and fascinating updates within the Shibarium ecosystem and beyond.

Shiba Inu Burn Rate Jumps 535% With Quarter Billion SHIB Burned

The Shiba Inu team also shared exciting news about the SHIB wallet, which has added a new and unique feature that helps users recover their wallets even if they have forgotten their seed phrases.

The Shib platform has also seen the integration of Web3Auth, which streamlines the user onboarding process to make it simple and easy.


Latest Press Releases

Cardano Praised by Dan Gambardello As Strong Chain While Avalanche Hit By Outage
Shiba Budz (BUDZ) Novel Meme Coin Pre-Sale Gaining Steam in Late February as Majors Dogecoin (DOGE), Shiba Inu (SHIB) Remain in Tops
Ripple Cofounder Celebrates Major Stellar Success, Polkadot Secures Spot on Coinbase Futures, Shiba Inu Burn Rate Surges 8,511%: Crypto News Digest by U.Today
Ethereum Dencun Upgrade Date Confirmed by Devs
Millions of XRP Shifted by Whales as Price Hits Key Support
Binance Web3 Wallet Announces Massive Crypto Giveaway to Celebrate ERC-404 Integration
Legendary Trader John Bollinger Issues Bullish Wake-Up Call as Bitcoin Price Turns Red
Spot Bitcoin ETFs Break Record With $50 Billion Trading Volume
Ethereum (ETH) Price Prediction for February 23
Solana (SOL) Price Prediction for February 23
BlockDAG Network (BDAG) Pre-Sale Might be Gaining Steam in February since Retik Finance (RETIK), and eTuk Tuk (ETUKTUK) Communities Show Interest
Shiba Inu Developer Excites SHIB Community With Tweet, What It Pertains To
SHIB Army Receives Crucial Warning From Shiba Inu Team
MetaClip (MCLP) Cryptocurrency Sale Campaign Invites Investors as XRP Price Growing
DeeStream (DST) Asset Release Campaign On-Boards Investors as Blur (BLUR), Cosmos (ATOM) Keep Surging
XRP Makes Crucial Price Move, But Massive Roadblock Is Ahead
DeeStream (DST) Crypto Coin Sale Campaign Might be in Spotlight since Shiba Inu (SHIB), Polkadot (DOT) Supporters Waiting for Upgrades
Cardano Founder Hails Elon Musk's X for Crushing ECB's Bitcoin Diss
First ERC404 Token Pandora Shows Explosive Performance as Whales Turn to Buying
Avalanche Faces Downtime, AVAX Price in Red
Our social media
There's a lot to see there, too

Popular articles