#BinanceTurns8 Shiba Inu (SHIB) Rally Stalls, While This Low-Cap Coin Dubbed The Next XRP Continues To Make New Highs
#TrendTradingStrategy #Write2Earn! #memecoin🚀🚀🚀 $SHIB $XRP
1. Shiba Inu (SHIB) Market Performance Triggers Sell-offs
2. Why do SHIB Investors and Other Traders Believe Remittix ($RTX) is the Best Crypto Presale of the Year?
A growing trend of insider selling pressure, a reaction to Shiba Inu rally stalling, has put the meme coin in an uncertain spotlight, raising worries over its prospects. Major token holders are calmly taking exit positions, with increasingly evident sell signals on the charts. According to market data, trillions of SHIB tokens were transferred to exchanges, a sign of increasing doubts among Shiba Inu whales.
While that continues, savvy investors and institutions are now switching to value-driven projects with real-world applications like Remittix (RTX).
Shiba Inu (SHIB) Market Performance Triggers Sell-offs
Shiba Inu’s value at the time of writing sits at roughly $0.00001187, with a recent fall following recent show of confidence losses from the crypto’s whales. Santiment reports show that more than half of SHIB’s total supply is in only ten wallets. Hence, moves by these major holders affect the token’s value directly, quickly, and intensely.
Source: CoinMarketCap
Following a significant single-day fall of more than 12% of SHIB’s value, the meme token trades at around $0.00001177. This fall came after trillions of SHIB tokens got transferred to exchanges.
According to CoinDesk, there was a particular whale transaction of 2.87 trillion SHIB valued at around $36 million, which was later reported to be a custody transfer, not a sale. Despite that, Binance and several exchanges report notable transfers involving institutional wallets, a sign of an expansive retreat.
Source: CoinMarketCap
Following a significant single-day fall of more than 12% of SHIB’s value, the meme token trades at around $0.00001177. This fall came after trillions of SHIB tokens got transferred to exchanges.
