$SHIB $SHIB
The cryptocurrency market is witnessing significant shifts as Shiba Inu (SHIB) experiences a decline in whale activity, Pi Network (PI) struggles to maintain its value below $0.80, and BlockDAG announces a critical investment deadline.
Shiba Inu (SHIB): Whale Activity Declines Amid Market Uncertainty
Shiba Inu, the popular meme coin, has seen a noticeable decrease in large-scale transactions. Previously, SHIB experienced a surge in whale activity, with a 40% increase in large transactions totaling 1.49 trillion SHIB. However, recent data indicates a reversal, with significant holders reducing their positions. Addresses holding between $1 million and $10 million in SHIB have decreased by 31.31%, while those with over $10 million have seen a 27.99% reduction.
This decline in whale activity has contributed to a drop in SHIB's price, which is currently trading around $0.0000125. The Fear & Greed Index has shifted into "Fear" territory, reflecting investor apprehension.
Pi Network (PI): Struggles to Sustain Value Below $0.80
Pi Network's PI token has faced significant volatility since its Open Mainnet launch on February 20, 2025. After reaching an all-time high of $2.10 on launch day, PI's price has declined sharply, currently trading at approximately $0.68.
Several factors have contributed to this downturn. A substantial token unlock is expected to introduce around 124 million PI tokens into the market, increasing supply pressures. Additionally, major exchanges like Binance have yet to list PI, limiting liquidity and investor access.
Despite these challenges, analysts predict potential recovery, with price targets ranging from $1.16 to $4.66 by the end of 2025, contingent on market developments and exchange listings.
BlockDAG: June 13 Deadline for $0.0018 Entry
BlockDAG, an emerging cryptocurrency project, has announced a critical deadline of June 13 for investors to enter at the $0.0018 price point. This deadline is part of BlockDAG's phased investment strategy, aiming to attract early adopters before potential price increases.