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The SHIB token has dropped 9.5% in 24 hours, adding another zero to its price as roughly 138 billion tokens were moved to exchanges. At the time of writing, the price sits at $0.000009351 with trading volume declining 9.31% to $5.51 billion. The selloff triggered ecosystem marketing lead Lucie to address the community and counter claims of a “dead ecosystem.” Her message focuses on transformation rather than simple recovery, and whale activity continues pressuring prices across the sector. SHIB Whale Moves Signal Turbulence but Shiba Inu Recovery Looms Source: Watcher.Guru 138 Billion Tokens Transferred as Shiba Inu Crashes The recent drop gained momentum as it was estimated that around 138 billion SHIB was transferred to other exchanges by the holders. This was an indication that the token is ready to be dumped as it faced technical weakness. With this giant transfer, selling pressure was created since SHIB was below crucial support levels that it had been in during the oth...

Once hailed as the “Dogecoin (DOGE) killer,” Shiba Inu (SHIB) is struggling to keep up with the competition as it posts one of the weakest performances year-over-year.  Although the token is among the top 25 cryptocurrencies by market cap, Shiba Inu is one of only three that are in the red on the yearly chart, together with Toncoin (TON) and Polkadot (DOT). By comparison, Dogecoin, its meme coin rival, has surged nearly 100% over the same period. The question for traders is thus whether Shiba Inu is dead or whether it can reinvigorate some of the demand it previously enjoyed. Can Shiba Inu recover? At the time of writing, SHIB was trading at a fraction of a cent, at $0.00001187, down nearly 21% the past year. Although hype once allowed it to top Dogecoin in terms of market cap, its capitalization now sits at only $6.97 billion, compared to DOGE’s $34.89 billion, which is almost seven times as much. Shiba inu price. Source: CoinMarketCap Nonetheless,...

The non-fungible token market continues to showcase a strong resilience amid the recent general crypto market meltdown, which has left the flagship crypto “Bitcoin” below $115,000. In the past seven days, the global NFT market has raised a trading sales volume of $106 million. Nonetheless, the non-fungible token trading sales volume has reduced by 2.25% during this time. NFT Sales Plunge By 2.25% This Week Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible tokens explorer tracking non-fungible token collections from +20 blockchain networks, shows that the global non-fungible token market has slightly plunged in trading sales volume this week. From September 15 to September 21, the global NFT market has recorded a trading sales volume of $106 million, down 2.25% from the past week. Despite the recent short plunge, the number of crypto traders buying the non-fungible token dip has sharply increased this week. From S...

The cryptocurrency market has taken a sharp hit, shedding over $150 billion in value, with major assets like Bitcoin (BTC) leading the downturn. As of press time, the total market capitalization stood at $3.23 trillion, down from $3.39 trillion just 24 hours earlier, reflecting a $160 billion loss.  Total cryptocurrency market cap 30-day chart. Source: CoinMarketCap The drop appears to be driven by escalating geopolitical tensions in the Middle East, which have rattled global markets. At the center of the sell-off, Bitcoin fell below the crucial $104,000 level. At the time of reporting, it was trading at $103,895, down nearly 4% on the day and 2% over the past week. Bitcoin seven-day price chart. Source: Finbold Just days earlier, Bitcoin had been pushing to reclaim the $105,000 resistance zone, a key level that could have paved the way toward a new all-time high above $110,000.  However, a wave of profit-taking appears to have added downward p...