What’s up, buddies! Look, Shiba Inu (SHIB), the little dog crypto, is causing quite a stir! It turns out some investor whales (that’s what we call investors with a ton of money) have gone fishing and scooped up a whopping 10.4 trillion SHIB tokens, which is like 110 million dollars! 💰 This has turned the market upside down and triggered all alarms that something big is brewing. It seems the little dog wants to run to the moon! 🐕🌕
After SHIB had been somewhat down, with people losing faith, these whales came to the rescue! They started accumulating billions of SHIB, and that, my friends, has injected a short-term boost of optimism into the price and the market in general. From being somewhat dim, it’s now sparking! ✨
Although SHIB has been in a "consolidation" phase (which is like saying it was stagnant for a while), suddenly, the activity on its chain skyrocketed! For example, the transaction volume of Shiba Inu soared to an impressive 24 trillion SHIB in early June. And whale activity increased by 600%! Now that's insane! 📈
This unexpected surge in activity is what’s igniting the fuse for a bullish momentum. In fact, in the last 24 hours, SHIB has jumped 4.3%, hovering around $0.00001182. Slowly but surely! 💪
The Golden Cross smiles at SHIB! ✨🐶
And as if that weren't enough, market analyst Kryll has given us another piece of good news: Shiba Inu is showing a golden cross! 🌟 What does this mean? Well, in the world of finance, a golden cross occurs when the 50-day moving average (MA) crosses above the 200-day MA. In short, it’s a clear signal that the trend is changing from bearish to bullish! It’s like the little dog woke up from a nap and decided to run at full speed! 🏃♂️💨
This means that the short-term price momentum of SHIB is gaining strength, and this could spark positive vibes in the market. People are starting to believe, and that is key! As technical analyst Tom Tucker said, "SHIB is trading just above its accumulated low, with a double bottom pattern forming." Additionally, the amount of SHIB available is decreasing, interest in futures is rising, and if Bitcoin (BTC) rebounds, SHIB could soar like foam! 🚀
Meanwhile, the Shibarium team (the blockchain of Shiba Inu) is not falling behind. They just released an important update to make the network more decentralized, more private, and more resistant to censorship. They will soon impose speed limits on public nodes, which is a giant step toward making the Shiba Inu network more secure and robust. They are working hard to make the little dog an unstoppable guard dog! 🛡️
So, folks, let’s stay alert with SHIB! It seems this little dog hasn’t said its last word and could surprise us tremendously. Let’s keep an eye on it! 👀$BTC $SHIB
