The post SHIB Holders Move Funds to New Low Cap Altcoin Dogeverse for 2000% Returns Post Exchange Listing appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) holders are shifting investments to new, low market cap altcoins like Dogeverse, aiming for substantial returns post-exchange listing, amidst notable changes in SHIB’s whale activity and a decline in Shibarium transactions. The cryptocurrency market is witnessing a notable shift as Shiba Inu (SHIB) holders move their investments to new, low market cap altcoins like Dogeverse, aiming for substantial returns following exchange listings. This trend is emerging amid significant changes in SHIB’s whale activity and a notable decline in transactions on the Shibarium network. Massive SHIB Transfers Amid Decline in Shibarium Transactions Shiba Inu, a prominent dog-themed cryptocurrency, has recently experienced a dramatic change in market dynamics. Data from IntoTheBlock reveals a remarkable 3,015% increase in large-holder NetFlow for SHIB. This metric, which follows the net movement of tokens by large holders, suggests significant changes in whale positions. Typically, a positive NetFlow indicates accumulation by whales, while a negative NetFlow can signal reduced stakes or selling activities. Despite the impressive surge in NetFlow, the Shibarium network, associated with SHIB, has seen a sharp decline in transactions. This combination of heightened whale activity and a negative NetFlow raises questions about the future stability of SHIB’s market. Market analysts are speculating whether these whales are preparing for a major sell-off or simply adjusting their positions in response to volatile market conditions. This shift is critical for SHIB, which recently encountered significant resistance after a brief rally. On May 15, SHIB’s price increased from $0.00002286 to a high of $0.00002558 but was met with strong resistance at this level. The price has struggled to maintain its upward trajectory, leaving investors uncertain about its future performance. Dogeverse: The Emerging Contender in the Meme Coin Market While SHIB faces these challenges, new contenders in the meme coin market, such as Dogeverse, are capturing…

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Filed under: News - @ May 25, 2024 9:24 am