Features News TheBitTimes.com

The prominent meme coin Shiba Inu (SHIB) is known for its increasing utility. The community-driven project has garnered attention as it aims to move away from its “meme coin” tag. While the team behind SHIB has been building without a stop, the price of the asset was seen falling short of expectations. Amidst this, a recent report highlighted how a notable 61.3% of the meme coin’s total supply is held by the top 10 largest wallets. Also Read: What is Cryptocurrency (for Dummies)? An Imbalance In The Shiba Inu Network? Source: Watcher Guru According to recent data from Santiment, the ten largest wallets in the Shiba Inu network hold 61.3% of SHIB’s total supply. The firm further explained how this disparity could cause chaos in the market. Santiment noted that only a small number of holders will have authority over the market. In SHIB’s case, more than half of its supply is being held by ten wallets. If in case these wallets decide to sell their holdings, th...

Prominent crypto analytics platform Santiment is alerting that several altcoins may be flashing a bearish signal. In a post on the social media platform X, Santiment says that some altcoins – including Sam Altman’s digital identification platform Worldcoin (WLD) and memecoin SPX6900 (SPX) – are being sent to exchanges in relatively large volumes. Generally speaking, coins being sent to exchanges is bearish since it implies more of the supply is available to be sold off on the open market. Other coins flashing the bearish signal include the governance token of the cloud-based blockchain platform Onyxcoin (XCN), the native asset of the automated staking service Lido DAO (LDO) and the utility token of digital asset exchange Crypto.com (CRO). “Several cryptocurrencies you may not have on your radar are seeing $1 million+ levels of coins moving to exchanges. This weekend, keep an eye on: XCN FDUSD SPX LDO CRO WLD.” Source: Santiment/X Looking...

Shiba Inu is dubbed one of the most iconic coins in the cryptocurrency domain. The token’s 2021 price has left quite an impression on people, leaving them in awe and appreciation for crypto in a holistic manner. As Bitcoin claims a new high, SHIB is also surging and pacing ahead, with analysts forecasting a 1000% surge for SHIB shortly. Also Read: Cardano (ADA) & Dogecoin (Doge) Weekend Price Analysis Santiment Shares New Data On Shiba Inu Image Source: Watcher Guru According to Santiment, Shiba Inu is forging new milestones ahead. The portal took to X to share new details about SHIB, adding how Shiba Inu has surged remarkably in the past 11 days. The token has marked a 43% peak in the past nine days, with on-chain activity spiking to an all-time high. Compared to other meme coins, SHIB’s price pace remains consistent and focuses on claiming a new price peak. Shiba Inu has surged +43% in the past 9 days with on-chain activity notably surging compared to altcoin alternatives and ot...