Shiba Inu Whales Go Shopping — But Challenges Loom
Cardano’s Double-Helix — Innovation Meets Technical Struggle
Investor Takeaway
Curveball Proposal — Why You Might Want Little Neo Pepe
Neo Pepe’s Momentum & What It Means
Crypto Craze Illuminates Neo Pepe’s Potential
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Free Your Mind — Join Memetrix
Shiba Inu Whales Go Shopping — But Challenges Loom
Shiba Inu (SHIB) has recently witnessed a sharp rebound after touching a 16-month low, bouncing roughly 17% thanks to a whale-driven accumulation of over 10 trillion tokens—valued at more than $110 million—in a single day. At the same time, SHIB faces a formidable supply wall approximately $400 million (~33 trillion tokens) pooled below the $0.000012 threshold acts as a seller magnet if price approaches. Technicals tell a mixed story—while some charts show bullish crossovers from lows, others warn of a looming “death cross” & persistent bearish momentum.
Still, on-chain dynamics offer hope. Soaring burn rates—reaching a staggering 112,000% surge—have slashed circulating SHIB supply, fueling optimism among those forecasting a rebound to $0.000017 or even $0.0007 in bullish scenarios. However, absence of approval for a SHIB-based ETF in the U.S., with regulators opting instead to review a Canary PENGU ETF on Cboe BZX, continues to leave Shiba Inu on sidelines.
Cardano’s Double-Helix — Innovation Meets Technical Struggle
Cardano (ADA) has also lagged—a 2.8% drop today left it trading at roughly $0.568, dwelling below both its 50- & 200-day moving averages in a clear bearish setup. Sentiment is cautious, though not entirely bleak. Analysts label current $0.57–$0.58 range a “golden box” for potential entry, with upside targets between $0.60 & $0.66 on a breakout.
Boosting sentiment is the recent launch of cbADA—a wrapped version of ADA on Coinbase’s Base Layer-2, backed 1-for-1 & backed by proof-of-reserves. This opens access to DeFi protocols such as Uniswap, PancakeSwap, & Aerodrome, expanding ADA’s reach far beyond Cardano mainnet. Additionally, Cardano’s privacy-first sidechain “Midnight” is rolling out its NIGHT token via “Glacier Drop” airdrop—another catalyst for on-chain activity. Still, ADA faces tight technical resistance & needs to hold key support zones—losing $0.55 risks exposing a $0.52 floor.
Investor Takeaway
Shiba Inu: Whale-led rebound is generating interest, especially among traders watching burn data & supply walls. But without clear regulatory tailwinds or ETF placement, SHIB continues to dance to a volatile tune.
Cardano: Bridging into Ethereum-based DeFi with cbADA lifts ADA’s utility & long-term attractiveness, while NIGHT & Midnight lend project depth. Still, ADA remains tethered to bearish technicals that must be breached for sustained upside.
Prominent on-chain influencer Eddie Crypto Analyst recently highlighted Shiba Inu’s shrinking burn supply & Cardano’s cbADA move on X (formerly Twitter), calling it “a micro-inflection point for both meme & mainstream utility plays.