#Shiba Inu Announces as the Lead Sponsor of #ETHToronto 2024 #Shiba Inu has officially confirmed as the lead sponsor of the #ETHToronto event, which will take place on August 13-14, 2024. This announcement underscores the project's commitment to becoming one of the cryptocurrency and blockchain industry pioneers
Shibarium Achievements and Future Improvements
Since its introduction at last year's ETHToronto, it has processed more than #Shibarium 400 million transactions and approached 4.5 million blocks. The network's scalability and strong activity demonstrate its critical role in the $SHIB Inu ecosystem. In a recent strategic move, $SHIB Inu received a $12 million venture capital investment to improve Shibarium's infrastructure. These funds will prioritize security improvements and ensuring regulatory compliance, thus solidifying Shibarium's position as a fully autonomous blockchain and digital identity ecosystem.

#Shiba Inu Burn Rate Increased by 1100%: Market Expects $SHIB to Rise to $0.00002.
#Shiba Shift to Inu's significantly increased burn rate. In the last 24 hours, the burning rate of $SHIB increased by approximately 1100%, and this increase was achieved by destroying 19.76 million SHIBs. A decrease in circulating supply could potentially increase the value of the asset. In particular, two large transactions from a single address contributed significantly to this increase, burning 6.94 million SHIB each. Over the past week, the burn rate increased by 13% and 83.37 million SHIBs were removed from circulation. This continued supply reduction is a strong bullish indicator for SHIB holders.
Historically, #Shiba Inu have performed positively in July of previous years. For example, $SHIB increased by 11.8% in July 2023 and 13.4% in July 2022. If similar trends continue, SHIB could reach the $0.00002 resistance. However, past performance does not guarantee future results, as seen by #SHIB 's 28.5% drop in July 2021. Current burn mechanisms reduce supply, potentially increasing the price if demand remains constant. The total amount of #SHIB burned reached an impressive 410.72 trillion, while the circulating supply is around 583.33 million. This significant reduction signals potential upcoming price increases.

According to IntoTheBlock's data, in the last 24 hours, #Shiba Inu has processed 1.55 trillion #SHIB transactions with a huge transaction volume of approximately $26.53 million. However, despite this impressive figure, there was a significant drop of 58.37% in major trading volume compared to the previous day. This decline marks a significant decrease in whale activity, following the seven-day high of 6.43 trillion $SHIB recorded on June 24.
However, while major trading volumes are decreasing, other $SHIB metrics are showing positive signals. The SHIB burn rate has increased by 59% in the last 24 hours, indicating increased efforts to reduce the total supply of #SHIB in circulation. According to the #SHIB burn X account, a total of 17,648,859 $SHIB tokens were burned in seven transactions in the last 24 hours. This reflects a 59% increase in the cremation rate.
Moreover, the total number of addresses of #SHIB remains strong, currently reaching 4.13 million. This figure highlights the continued interest and involvement of the Shiba Inu community despite the current uncertainty in the market. The number of fixed addresses shows that meme coin maintains a strong base of owners and supporters who believe in its long-term potential. The recent decline in major trading volumes may indicate a period of consolidation for the Shiba Inu. During such phases, market participants often re-evaluate their positions and strategies, and whales remain on the sidelines ahead of major price moves.

#Shiba Inu (SHIB) and #PEPE Whales Deposited Millions of Dollars to Binance Despite the Bear Trend.
A significant number of #Shiba Inu investors moved approximately 1 trillion $SHIB tokens, worth approximately $18 million, to the exchange. This transaction shows a profit of approximately 79% with tokens purchased in 2023.
According to Spot On Chain data, large Shiba Inu ($SHIB ) and Pepe ($PEPE ) token transactions have occurred recently. Notably, approximately $26 million worth of these tokens were deposited on the Binance exchange by large “whale” investors.
Similarly, 700 billion #PEPE tokens were deposited by another whale, for a total value of over $7.8 million. Remarkably, this whale continued to hold 800 billion tokens, worth more than $9 million, despite a loss of approximately 15%.

Coin transfer from coin whales $SHIB and $PEPE to Binance In one of the surprising developments, major investors in Shiba Inu Coin and Pepe Coin, players often referred to as “whales”, have divested significant amounts of their assets. According to data from the on-chain analysis platform called Spot On Chain, two big whales recently transferred #SHIB and #PEPE , worth a total of $ 25.95 million, to Binance. The first whale, account 0x42a, transferred 1.088 trillion #SHIB , worth $18.12 million. This whale accumulated the coins in question in November and December 2023, that is, when the market was at the bottom. Remarkably, the whale's profits are estimated to be around $8 million, representing a 79% gain. In addition, the second whale, identified as 0x837, transferred 700 billion #PEPE worth $7.83 million. Despite this significant transfer, the whale still holds 800 billion #PEPE , worth $9.22 million. However, its loss on these assets is estimated at approximately $3.47 million, a loss of 15%.

#Shiba Inu (#SHIB ) Facing a Critical Test in the 416 Trillion Range. Data from IntoTheBlock reveals that 416.38 trillion $SHIB were collected by 19,120 addresses in the price range of $0.000017 to $0.000018. This suggests that a significant number of investors are holding $SHIB at this level and it could potentially be a strong support or a critical resistance point for the token's future price movement.
While #SHIB continues to trade at 416 trillion, different possible scenarios may emerge. One can use this range as a springboard and lead to positive price movements in the short term. Conversely, a fall below this level could lead to further declines as it pushes $SHIB towards the next support zones such as $0.000014 and $0.000017, where heavy buying activity was previously observed.

Altcoin Market is Preparing for a Parabolic Rise, According to Analyst
The altcoin market is expected to experience a parabolic rise before the current crypto cycle ends, according to a respected crypto strategist
In particular, it suggests that either a final bearish wave or a prolonged consolidation process is required for a significant altcoin rally.

2.2 Trillion #SHIBA INU (SHIB) Tokens Moved from Robinhood Sparks Market Speculation Amid 5% Price Drop Blockchain data has revealed a significant movement of 2.2 trillion #Shiba Inu (SHIB) tokens from Robinhood to an unknown destination. This move fueled speculation in the $SHIB community and the broader crypto market; It was especially noteworthy that it was simultaneous with a 5% decrease in the price of the token. This transaction is estimated at approximately $39.9 million and is one of the largest movements of $SHIB tokens seen in recent times.
The timing of the transfer raised many questions among investors and market analysts. Although no direct causality has been established between the transfer and the price drop, it has led to speculation. Withdrawals of this size from an exchange like Robinhood are often seen as a harbinger of underlying strategic moves.

A successful trader, who earned $5.4 million trading 8 altcoins, deposited the popular meme coin #Pepe ($PEPE ) into the exchange during the market decline.

According to the post shared by the on-chain data and analysis account Lookonchain on June 19, a successful trader sold a large amount of $PEPE at the breakeven price, taking precautions against a larger retreat in the market decline. 

#PEPE is notable for its $5.4 million profit from Shiba Inu (SHIB), Ethereum (ETH), The Sandbox (SAND), Decentraland (MANA), Memecoin (MEME), PancakeSwap (CAKE) and Gala (GALA). The pulling whale made a sale that made the market uneasy.
In parallel with the withdrawal in the Bitcoin and cryptocurrency markets, the whale in question deposited the entire $PEPE , worth $4.27 million, to Binance, the world's largest cryptocurrency exchange. The fact that the whale made this move in the fall and gave up its profit and left the breakeven price of #PEPE brought to mind that it was expecting a bigger retreat.

#Shiba Inu burn rate increased by 5,569% in the last 24 hours.
402.7 million $SHIB burned in 7 days, an increase of 1,098.7%.
The price of #SHIB decreased by 6.5% to $0.00001815
#Shiba Burnings on the Inu side occupy a very large place. There has been a remarkable increase in cremations at SHIB by 5,569% in the last 24 hours. Despite the burning, the price did not seem to reflect this. Considering the declines in the cryptocurrency market, it is currently unknown what caused the burns on the #SHIB side.
On the other hand, looking at the performance of the #Shiba Inu price in the last 24 hours, it is seen that it found buyers at the level of 0.00001815 dollars after a decrease of over 6.5%. The mentioned price movement is contrary to the 5,549% burn rate increase that was stated to have occurred. It should not be forgotten that $SHIB also experienced a 16.5% decrease in the weekly outlook, but the burn rate increased by over 1,000%.
While the market volume of $SHIB decreased to 10.5 billion dollars in this period, the 24-hour transaction volume increased to 602 million dollars after a 41% increase.

$PEPE has experienced a price increase of over 2% in the last 24 hours. According to the latest data collected from CoinMarketCap, $PEPE experienced a 6% price drop last week, falling to $0.0000106. However, it showed its resilience by trading at $0.00001194, an increase of 2% in the last 24 hours. This increase made #PEPE the 23rd largest cryptocurrency with a market cap of an impressive $5.02 billion. The recent price increase allowed #PEPE to temporarily surpass a critical resistance level. According to COINOTAG's 12-hour chart, memecoin briefly surpassed the $0.000012 level. Although it has fallen slightly below this level, this break is considered a positive indicator for a potential recovery. If $PEPE can maintain its momentum and retest the $0.000012 level, it could pave the way for future all-time highs.

Future Price Speculations and Risks
Data from Hyblock Capital predicts that #PEPE could reach $0.0000139 as increased liquidations cause a rise at this level. Often increased liquidations can lead to short-term price corrections.
If #PEPE can successfully break this level, it can reach new price records. However, if the pressure from the bears increases, memecoin could drop to $0.000009.

#Shiba The Fall in Inu Price Worries Investors. The price of #Shiba Inu (SHIB) lost a major support level in the last 24 hours. This could lead to significant uncertainty in the market. #Shiba The price of Inu fell below the consolidation zone and settled at a three-month low.
#Shiba Inu had been consolidated between $0.00002835-0.00002093 for about two months. While investors were waiting for an exit from this region, $SHIB fell below this region. This altcoin is currently trading at $0.00002084.
These conditions indicate further declines and the price of #Shiba Inu could decline towards $0.00001600 or $0.00001473. If the $0.00002093 support level is regained, the consolidation may continue. This could enable investors to take back their profits and invalidate the downtrend.

#Tether 1 Billion USDT Minted
It was reported by Whale Alert that Tether minted 1 billion USDT. This news came after $BTC dropped to $65,000 and increased concerns. Investors were already upset about the loss of value of Bitcoin and altcoins, this new development has created even more anxiety for tomorrow.
While investors were already feeling demoralized due to the declines, their concerns deepened even more with this move of Tether. It seems difficult to expect anything positive in the markets at the moment.

#Tether CEO Paolo Ardoino Made a Statement
Tether CEO Paolo Ardoino made a statement to alleviate investors' sadness and concerns. Ardoino stated that the USDT minted is a stock replenishment in the Tron Network and this amount will be used as inventory for future issuance requests and chain swaps. Thus, he tried to calm the concerns in the market to some extent.
Although Ardoino's statement clarified the situation to some extent, it is still a matter of curiosity what the effects of the printing will be. At the time of writing, the Bitcoin price was at $66,236. All eyes are on how this development will affect the Bitcoin price.

Whale Transfers 357.2 Billion $PEPE Tokens to Binance Amid Major Price Drop On-chain data shows that the famous meme cryptocurrency #PEPE has lost more than 10% in value in the past week. A significant owner, identified by address 0xf22…a685c, $PEPE has significantly reduced their holdings. First, it withdrew approximately 548 billion #PEPE tokens from a central exchange at an average price of $0.00001341, making the transaction worth approximately $7.35 million. However, in the last 16 hours this whale transferred 357.2 billion #PEPE tokens back to Binance, and these two separate transactions were executed at the lower price of $0.00001157. In the first transaction, 170.3 billion tokens were transferred, followed by 186.95 billion tokens, making the total value of these transactions approximately $4.14 million.
Current market sentiment indicates that #PEPE is trading around $0.00001208 with 24-hour trading volume exceeding $954 million. Despite this activity, the price of #PEPE lost 0.35% in the last 24 hours and 7.08% in the last week. Considering the 420 trillion $PEPE tokens in circulation, the total market cap is approximately $5.09 billion. PEPE's price fluctuations vary between 0.00001217 and 0.00001137 dollars.

$SHIB Burn Rate Skyrockets 800% According to data from Shibburn Tracker, #Shiba Inu burned more than 100 million tokens, an increase of over 800% in the last 24 hours. This increased market optimism for the meme coin as supply tightened. Additionally, several bullish factors further strengthen the optimism of a potential bull run for $SHIB .
The data of #Shibburn showed that there was an 859.83% increase in the burning rate as a result of the burning of 107.08 million #SHIB tokens in the past day. It has been recorded that a total of 410.72 trillion #SHIB has been removed from the supply to date. However, despite the significant number of coins burned, $SHIB has traded sluggishly over the past 24 hours, sparking inferences surrounding its future movements.

— $PEPE could enter a potential uptrend supported by technical indicators.
– The target price of #PEPE is predicted to be $0.000020.
– $BONK exhibits a rising channel formation, but should be watched carefully.
– The potential price target of $BONK could be $0.00003756.
– Traders are advised to keep a close eye on both #PEPE and #BONK .

$PEPE showed resilience in the face of market decline. Over the past four days the price has moved sideways with no decisive direction, however, a 5.41 percent price rise overnight and a 1.04 percent intraday rise today indicate a potential reversal. Technical indicators also point to a bullish outlook for #PEPE . The Moving Average Convergence Divergence (MACD) and signal lines are approaching a bullish crossover in positive territory. This technical outlook shows that with the market-wide recovery following the FOMC meeting, the price of $PEPE could rise and possibly reach all-time highs.
On an optimistic note, #PEPE could break the $0.000018 level and target the psychological level at $0.000020.

#Shiba Inu Coin Burn Rate Increased by 3010%
#Shiba Inu coin has recently experienced a dramatic 3010% increase in token burn rate in 24 hours. This increase occurred as the price of $SHIB fell below $0.000022. By reducing the circulating supply, the community aims to put upward pressure on the token's value.
According to Shibburn, which tracks #SHIB token burns, more than 232 million #SHIB tokens were burned in a single day, significantly reducing the supply. Specifically, a single wallet with address 0xd9a… burned 225.63 million $SHIB tokens in a single transaction. Other wallets also made meaningful contributions, demonstrating the collective effort of the community
Despite these aggressive burn efforts, the price of #SHIB fell 2.36% to $0.00002196. While the market capitalization was $12.96 billion, the 24-hour trading volume increased by 30.12% and reached $816.98 million. This increase reflects increased sales and liquidations worth $1.34 million in the last 24 hours.
In order for $SHIB to recover and surpass the all-time high of $0.00008845, it must first rise above the critical resistance level of $0.000025. Reaching and holding this level could provide an impetus towards $0.00005 and potentially $0.0001. However, current market sentiment and trends are bearish, highlighting the need for sustainable burn activities and positive developments to instill investor confidence.

$SHIB Why Did Its Price Drop?
#Shiba Inu's price declined in line with Bitcoin and the general market decline.
He considers the reasons for the price drop in #SHIB to be the increase in token supply on crypto exchanges.
The downtrend at #SHIB may deepen with the breakout of certain support levels.
The increase in selling transactions at #SHIB caused the price to decrease.
The total supply of tokens on cryptocurrency exchanges increased sharply, driven by sales by long-term holders.
Maintaining the $0.00002093 support level could help the recovery of #SHIB . If the support level is broken, the price could drop to $0.00002000.

#Shiba Inu Burn Rate Skyrockets Over 68,000% in 24 Hours, Community Leads Massive $SHIB Burns Latest data from Shibburn reveals an unprecedented increase in #Shiba Inu (SHIB) token burn rates, thanks to the coordinated efforts of the Shiba Inu community. In just 24 hours, seven different wallet addresses burned 7.6 million #SHIB tokens, increasing the burn rate by a massive 68,316%.
Upon further inspection, a wallet identified as '0x60' burned approximately 4.3 million $SHIB tokens in a single transaction. The total burning contribution of this wallet in the last day exceeded 5 million SHIB and it stood out as an important player in this increase.
Another significant contribution came from a wallet identified as '0xc6'; This wallet burned 1.5 million #SHIB tokens an hour before the reported data, but a smaller amount than the first wallet.
As a result of these combined efforts, approximately 410.7 trillion #SHIB tokens have been removed from circulation, with 589.2 trillion SHIBs still remaining in circulation. This ongoing reduction is intended to create scarcity, which has the potential to increase the token's price in the long term, but immediate market impacts remain minimal.
Interestingly, despite significant burning activities, the market price of $SHIB did not show a corresponding increase. Over the last 24 hours, the price of SHIB decreased by 0.5% to $0.00002325. This decline is part of a broader ongoing downward trend, with SHIB's value falling by around 6% over the past week.