Friday, July 11, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

Is Whale Activity Fueling the SHIB Pump?

Irene Mukiri by Irene Mukiri
July 11, 2025
in Market, News
Reading Time: 4 mins read
Is Whale Activity Fueling the SHIB Pump
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • SHIB tests 50-day MA, with breakout targets at $0.000015-$0.000025 levels.
  • Burn rate drops 75%, raising short-term scarcity concerns despite huge supply cuts.
  • Shorts face $780K losses as Binance leads liquidations, fueling SHIB price rebound.

Shiba Inu (SHIB) has recently witnessed a notable surge, raising questions about what’s driving this upswing. The token, often associated with meme culture, has grown in both trading volume and market interest. 

As of press time, SHIB is trading at $0.00001351, marking a 7.92% increase in the last 24 hours. This gain follows a 16.56% rise over the past seven days. 

Related articles

What’s Behind the $PEPE and $SUNDOG Price Jump Today

What’s Behind the $PEPE and $SUNDOG Price Jump Today?

July 11, 2025
Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence

Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence

July 11, 2025

Besides the price momentum, technical analysts like Hailey LUNC have spotted a potential breakout pattern forming on the daily charts. According to her analysis, SHIB is shaping a descending channel while consolidating above the midline support. 

The price is now testing the 50-day moving average. If SHIB breaks above this level, it could aim for targets at $0.00001500, $0.00001750, $0.00002050, and even $0.00002500.

#SHIB 🐶🐶🐶🐶

Shiba Inu is forming a descending channel pattern on the daily timeframe🔍

The price is consolidating above the midline support and is currently testing the MA 50💁‍♂️

Breaking above this MA could drive the price toward targets at $0.00001500, $0.00001750,… pic.twitter.com/j61AGC6lPH

— Hailey LUNC ✳️ (@TheMoonHailey) July 11, 2025

Burn Mechanics and Token Scarcity

The SHIB ecosystem continues its aggressive burn strategy. According to SHIBBURN, over 410.75 trillion tokens have been removed from the original supply. This massive burn has dropped the total supply from nearly 1 quadrillion to 589.24 trillion. Out of this, 584.56 trillion are currently circulating in the market, while 4.68 trillion tokens are staked in the xSHIB program.

Source: Shibburn

However, recent burn data suggests a slowdown. Over the past 24 hours, just 4.67 million SHIB tokens were burnt. That’s a 75.06% drop in burn rate compared to the previous day. This sudden decrease may raise concerns about SHIB’s short-term scarcity, although the long-term burn impact remains significant.

Market Sentiment and Liquidations

Source: Coinanalyze

Beyond burns and patterns, the market’s sentiment plays a key role. In the last 24 hours, SHIB has seen a trading volume of $373.1 million, reflecting high trader interest. Per liquidation data for 1000SHIB, roughly $1.2 million was wiped out mostly from perpetual contracts. 

Interestingly, short traders bore the brunt with $780.6k in losses, compared to $371.2k for longs. This suggests aggressive shorting met with sharp price rebounds, possibly fueled by whale buys or key market news.

Moreover, Binance accounted for the highest liquidation volume, while Bybit showed a relatively low level of activity. This distribution hints at where major positions are being placed and closed, shaping short-term volatility.

Tags: Shiba Inu (SHIB) News

Related Posts

What’s Behind the $PEPE and $SUNDOG Price Jump Today

What’s Behind the $PEPE and $SUNDOG Price Jump Today?

by Munene Timothy
July 11, 2025

PEPE jumped by 15.32% daily after a whale bought $2.68M worth, triggering a breakout with RSI at 67.54 and volume...

Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence

Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence

by Veronicah Peninah
July 11, 2025

Bitcoin’s market cap stands at $2.20 trillion, surpassing silver’s $2.007 trillion. BTC trades at $117,901, rising 6.1%, with resistance at...

Bitcoin Breaks Records Analysts Predict $250K in 2025 as Bullish Momentum Builds

Bitcoin Breaks Records: Analysts Predict $250K in 2025 as Bullish Momentum Builds

by Irene Mukiri
July 11, 2025

Bitcoin breaks key resistance at $110K, eyes $160K amid bullish market momentum Inverse Head and Shoulders pattern sets $160K target,...

Ethereum Eyes Home-Based zk-Proving with Upcoming L1 zkEVM Launch

Ethereum Eyes Home-Based zk-Proving with Upcoming L1 zkEVM Launch

by Jonathan Carls
July 11, 2025

Real-time proving enables zkEVMs on Ethereum using affordable, home-grade hardware. ZK clients will verify diverse proofs, boosting resilience and preventing...

ENA Price Prediction Stablecoin Protocol Surges After Upbit and Grayscale Boost

ENA Price Prediction: Stablecoin Protocol Surges After Upbit and Grayscale Boost

by Munene Timothy
July 11, 2025

ENA trading volume surged by 154.52% to $636M after Upbit listing, boosting price to $0.3535 and market cap to $2.23B....

Load More

Recent News

  • What’s Behind the $PEPE and $SUNDOG Price Jump Today?
  • Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence
  • Bitcoin Breaks Records: Analysts Predict $250K in 2025 as Bullish Momentum Builds
  • Ethereum Eyes Home-Based zk-Proving with Upcoming L1 zkEVM Launch
  • ENA Price Prediction: Stablecoin Protocol Surges After Upbit and Grayscale Boost

Popular News

  • JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    227 shares
    Share 91 Tweet 57
  • Will SHIB’s Utility Tokens Fuel Its Rise Over TON?

    204 shares
    Share 82 Tweet 51
  • Solana: SOL Has Just Reclaimed $7 Billion in DeFi TVL

    231 shares
    Share 92 Tweet 58
  • Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

    199 shares
    Share 80 Tweet 50
  • Aptos and Filecoin Lead the Next Layer 1 Push — Will They Sustain the Rally?

    195 shares
    Share 78 Tweet 49

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

What’s Behind the $PEPE and $SUNDOG Price Jump Today
What’s Behind the $PEPE and $SUNDOG Price Jump Today?
July 11, 2025
Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence
Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence
July 11, 2025
Bitcoin Breaks Records Analysts Predict $250K in 2025 as Bullish Momentum Builds
Bitcoin Breaks Records: Analysts Predict $250K in 2025 as Bullish Momentum Builds
July 11, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact