Shiba Inu

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Ethereum whales have always been among the top Shiba Inu supporters. They had collectively grown their SHIB holdings to more than $1 billion at one point. Mainly, these top 100 ETH wallets are bullish on the digital asset but it seems that this is about to change. It was noted recently that the holdings of these whales had begun to drop after sliding below $1 billion. It seems this trend is set to continue as holdings have declined almost 50%.
SHIB Holdings Down
Two weeks ago, it was reported that the Shiba Inu holdings of the top Ethereum whales had been declining for a while. It had reached a critical point when the value had fallen below $1 billion for the first time in months. This placed more attention on what the whales were doing regarding the meme coin and why they were seemingly reducing their holdings. 
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The weeks following this had proven that this sentiment was indeed right and that the SHIB holdings of these top wallets were actually on a decline. At the time of this writing, SHIB tokens now only make up 10.75% of all token holdings of the top 10 Ethereum whales. This is down almost 5% from what was reported in early May when SHIB made up 15.23% of token holdings.
The figure is even more depressing dollar-wise. Two weeks ago, the whale holdings had been trending around $875.8 million. Today, that number is down to $543.7 million. What this shows is that from the start of May until now, Ethereum whale holdings had declined almost 50%.

SHIB falls 87% from ATH | Source: SHIBUSD on TradingView.com
SHIB has also lost its position as the biggest token position by dollar value among the top 100 ETH whales. That title now belongs to FTX Token, one that has been battling the meme coin for dominance among ETH top wallets.
Shiba Inu Investors Take A Hit
Now, when the market decline had first begun, digital assets such as Shiba Inu had held up quite nicely even though they posted some losses themselves. However, this would prove to not last very long as they would soon begin to decline by a wider margin.
Related Reading | Shiba Inu Closes Gap With Rival, Dogecoin, As Followers Surpass 3.33 Million
For the first quarter of 2022, the majority of SHIB holders had seen themselves remain in profit. As the second quarter draws to a close, it has taken a wild turn which has seen most of the meme coin investors now wallowing in losses.
Data from IntoTheBlock shows that only 24% of all Shiba Inu investors are currently in profit. The wider majority, 73%, are all in the red, with only 2% of all investors currently in the neutral territory. Most of those in profit are those who have held the digital asset for a year or longer, and shorter-term investors are bearing the brunt of the losses.
The meme coin is currently trading at $0.000011 at the time of this writing. It’s down 87.02% from its all-time high of $0.00008 that was recorded on October 28th, 2021.
Featured image from Bitcoin News, chart from TradingView.com
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Ethereum whales have always been among the top Shiba Inu supporters. They had collectively grown their SHIB holdings to more than $1 billion at one point. Mainly, these top 100 ETH wallets are bullish on the digital asset but it seems that this is about to change. It was noted recently that the h...

bitcoinist.com

Shiba Inu Holdings Of Ethereum Whales Decline Almost 50%

A shocking amount of nearly 13 billion SHIB has already been removed from the systemic circulation supply over the past 24 hours. As tweeted by the Shiba Inu transaction tracker @Shibburn, this is because the coin is being sent to dead-end wallets. The platform also burns Shiba Inu to help keep the supply down.
Most of this massive amount of SHIB was destroyed in just one hour.
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In a tweet on May 18, Shibburn communicated that a truly astonishing 10,028,551,985 Shiba Inu tokens had been shifted to unspendable wallets in six exchanges a few hours earlier. This portion of SHIB is worth $123,551.
The tweet reads;
In the past hour, there have been a total of 10,028,551,985 $SHIB tokens burned and 6 transactions.
An anonymous crypto wallet burned 10 billion SHIB in a single transaction. This was the largest single burn transaction for Shiba Inu so far since the burn started. 
 SHIB is currently trading at $0.0000117; the price last seen in October 2021 | Source: SHIB/USD price chart from Tradingview.com
The number is staggering, but the platform has made progress in containing it. For example, before the above news, the platform tweeted that about 2,677,017,916 Shib were stuck inside unspendable wallets; these took 92 transactions.
Shibburn tweeted;
In the past 24 hours, there have been a total of 2,677,017,916 $SHIB tokens burned and 92 transactions. Visit http://shibburn.com to view the overall total of #SHIB tokens burned, circulating supply, and more.
The Shibburn project’s website reports that the burn rate of SHIB has increased by 5,189.09%.
Dead-end wallets are cryptocurrency addresses that have not had any incoming or outgoing transactions in multiple years. They always contain funds, but most of them will never have any transactions.
No Impact Of Burns On SHIB Price
According to Shibburn, as of now, the total amount of burned Shiba Inu is 410,355,298,103,517 tokens. However, the Shiba Inu’s price has not yet caught up with the all-time high from last year, which was $0.00008845 per token in October 2021.
As the circulating supply of tokens decreases, the cryptocurrency becomes inadequate, and its price is likely to rise.
Whales Buy The Dip
Some people are trying to remove SHIB tokens from circulation so the price will go up. But whales continue to buy SHIB tokens when the price is low and sell them later when the price goes up.
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In a tweet, WhaleStats announced that a prominent Ethereum investor with the moniker “BlueWhale0073” had purchased 110,654,459,259 Shib, an equivalent of $1,313,468.
On May 14, the BlueWhale0073 already made a bulk purchase an equivalent of $1,408,176 in SHIB – 109,842,128,610 meme coins.
 
             Featured image from Pixabay and the chart from Tradingview.com
 


A shocking amount of nearly 13 billion SHIB has already been removed from the systemic circulation supply over the past 24 hours. As tweeted by the Shiba Inu transaction tracker @Shibburn, this is because the coin is being sent to dead-end wallets. The platform also burns Shiba Inu to help keep t...

newsbtc.com

Shib Army Burns Nearly 13 Billion SHIB In Last 24 Hours: Report

Last week, Finder.com, an industry-leading price comparison website, revised its price forecast for the Shiba Inu cryptocurrency.
Recently, Finder polled a panel of 36 fintech experts for their opinions on the future performance of shiba inu over the next decade.
According to the majority of Finder’s Shiba Inu price predictions report panel, “the meme coin’s demise is a matter of when — not if.”
In the past five months, the price of Shiba Inu (SHIB) has collapsed, and crypto experts predict it will continue to deteriorate.
Thursday’s Coingecko data show that the token’s price is currently $0.00001170, a decrease of 2.5 percent over the past week. It is presently within the same limited range it experienced in late January and early February of this year.

Crypto experts expect Shiba Inu to continue deteriorating (Currency.com).
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Shiba Inu Dealing With A Lot Of Issues
Currently, its major issues are a decrease in the frequency of transactions, a decline in the holder’s account balance, and a drop in the token’s price.
Finder noted that the price of SHIB was $0.00002029 at the time of the survey, and that the panel anticipated a decrease of 7.5% by the end of 2022, when it would fall to $0.000018750.
Many investors have been deterred by the cryptocurrency’s lackluster performance this year. However, the project’s biggest weakness is its lack of utility.
Matthew Harry, head of funds at Digitalx Asset Management, was one of the experts on the panel. As the cryptocurrency market matures, Harry anticipates that all meme coins, including SHIB, will disappear.

“This market is growing, and things like SHIB will cease to exist as capital begins to flow towards quality and value, rather than being strewn about the playing field in the hope that every participant will win. Not how things work at all. Hype dies, value rises,” he said.


SHIB total market cap at $6.39 billion on the daily chart | Source: TradingView.com
Sluggish Performance By The Meme Coin
Despite joining Robinhood in April, Shiba Inu’s price and trading volume did not increase, as the cryptocurrency had already experienced a 70 percent decline in transactions during the first three months of the year.
In March alone, the number of SHIB transactions decreased from 329,893 to 216,260, which had a negative impact on its trading value, and which has decreased by about 75 percent from its all-time high in October of last year.
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Researchers at Finder have identified a number of variables that will influence the price of the meme cryptocurrency this year.
Approximately 82% of respondents believed that meme coin hype will have the most impact on the price of SHIB. The inclusion on major trading platforms, such as Robinhood, is the second most important aspect.
In addition, the debut of Shibaswap, the destruction of SHIB tokens, and the number of entities that take Shiba Inu as payment also play a role.
Featured image from EyeEm, chart from TradingView.com


Last week, Finder.com, an industry-leading price comparison website, revised its price forecast for the Shiba Inu cryptocurrency. Recently, Finder polled a panel of 36 fintech experts for their opinions on the future performance of shiba inu over the next decade. According to the majority of Find...

Shiba Inu Extinction: Finder Panel Predicts SHIB To Have Zero Value By 2030

A panel of specialists at Finder has predicted the death of shiba inu (SHIB) cryptocurrency. The majority believes that the price of the meme crypto will eventually fall to zero. In addition, “Our panel is overwhelmingly out on SHIB, with 73% saying that now is the time to sell.”
SHIB’s Price Prediction
Leading price comparison portal Finder.com updated its price prediction for the shiba inu cryptocurrency last week. “Finder surveyed a panel of 36 fintech specialists in April for their thoughts on how shiba inu will perform over the next decade,” the company explained.
“Things are not looking good for the meme coin shiba inu,” Finder remarked, adding that “It’s a matter of when, not if, we’ll see the death of shiba inu, according to the majority of Finder’s shiba inu price predictions report panel.”
The company explained that at the time of the survey, the price of SHIB was $0.00002029, and the panel expected it to drop 7.6% to $0.000018750 by the end of 2022. However, at the time of writing, SHIB is already trading at a lower price of $0.00001187.
Finder told Bitcoin.com News:
70% of the panel say SHIB will have no value by the end of 2030.
Specifically, “The panel expects the token’s value to continue to plummet and be worth $0.000002500 to close out 2025 and $0.000000325 by the end of 2030,” the company wrote.
The specialists came up with several factors that will impact the price of the meme cryptocurrency this year. 82% said that meme coin hype will have the most effect on the price of SHIB. The next biggest factor is inclusion on major brokerage platforms like Robinhood. Other factors include the launch of Shibaswap, the burning of SHIB tokens, and the number of businesses accepting shiba inu as payment.
One of the specialists on the panel was Matthew Harry, head of funds at Digitalx Asset Management. He expects meme coins, including SHIB, to disappear altogether as the crypto market matures, stating:
This market is maturing and things like SHIB will die as capital begins to flow to quality and value rather than being scattered across the field in the hope that every player wins a prize. That’s not how things work. Hype dies, value rises.

Another specialist on the panel was a fintech lecturer at Swinburne University of Technology, Dimitrios Salampasis, who made a similar prediction that SHIB will eventually be worthless. “I am of the opinion that all these joke-type coins will disappear and leave space for actual innovation and cryptoassets that can serve proper use cases,” he stressed.
When asked about whether it is time to buy, sell, or hold shiba inu, the specialists said:
Our panel is overwhelmingly out on SHIB, with 73% saying that now is the time to sell. Just 23% say you should hold onto your SHIB and only 3% think you should buy.
What do you think about the SHIB and meme coin predictions by Finder’s specialists? Let us know in the comments section below.



























A panel of specialists at Finder has predicted the death of shiba inu (SHIB) cryptocurrency. The majority believes that the price of the meme crypto will eventually fall to zero. In addition, &#x201C;Our panel is overwhelmingly out on SHIB, with 73% saying that now is the time to sell.&#x201D; SH...

news.bitcoin.com

Finder’s Panel Predicts Death of Shiba Inu Crypto — SHIB Expected to Have No Value by 2030

Volatility has decreased since the crash on May 12th, and the price appears to be staging a significant move soon.
Key Support level: $0.000010
Key Resistance level: $0.000014, $0.000017
SHIB has formed a large pennant (in blue in the chart below) which can break as soon as volatility returns. The current support is found at $0.000010, and the indicators suggest a bullish move might be in the cards soon, where SHIB could test the key resistance at $0.000014.
Chart by TradingView
Technical Indicators
Trading Volume: The volume has been low lately, but this is likely to change as soon as a break from the current formation takes place.
RSI: The daily RSI is making higher lows, and it is about to also make a higher high. If this move intensifies, then the bias for SHIB could flip to bullish.
MACD: The daily MACD is still bearish, but the histogram is bullish. A few days of this price action – and the key resistance may be tested.
Bias
The bias on SHIB is neutral. This can change to bullish if it breaks above the pennant.
Chart by TradingView
Short-Term Prediction for SHIB Price
A test of the key resistance at $0.000014 appears likely, but only if the price manages to break above its current levels on renewed momentum. If successful, SHIB’s next key resistance will be found at $0.000017.


Volatility has decreased since the crash on May 12th, and the price appears to be staging a significant move soon. Key Support level: $0.000010 Key Resistance level: $0.000014, $0.000017 SHIB has formed a large pennant (in blue in the chart below) which can break as soon as volatility returns. Th...

Shiba Inu price	$0.000012
Low - High 24H	$0.000012 - $0.000012
Market cap	$6.48B
Volume 24H	$255.93M
All time high	$0.000086 -86.29% October 28th 2021
All time low	$0.00 20953802.49% November 28th 2020
Genesis date	N/A

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