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Behind the price rebound of Shiba Inu Coin (SHIB): the hidden worries of a 70% drop in large transaction volume and the dawn of ecological development

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In the past 24 hours, Shiba Inu (SHIB) has risen 6% against the trend, currently trading at $0.00001449, continuing a two-week 21% upward momentum. However, on-chain data shows that large transactions over $100,000 have plummeted 69% this week, dropping from 6.04 trillion SHIB to 1.87 trillion SHIB, raising market concerns about diminishing institutional interest. Nevertheless, analysts point out that this indicator has historically been volatile, and short-term bearish conclusions should be approached cautiously. SHIB's performance this year still lags behind most competing Altcoins, with its long-term value dependent on upcoming network upgrades and ecosystem applications. Meanwhile, the MEME coin sector is experiencing an overall recovery, with Cheems rising 10.83% during the same period, and the new project Troller Cat entering its final 48-hour pre-sale sprint, maintaining high market speculative enthusiasm.

Shiba Inu Price Prediction: 3 Trillion SHIB Trading Volume Disappears - Will SHIB Go to Zero?

Shiba Inu (SHIB) has increased 6% in price over the past 24 hours, rebounding to $0.00001381, amid a generally positive trend in the cryptocurrency market. This MEME token has risen 15% in the past week and 21% over two weeks, though it remains down 26% year-to-date.

Concerningly, large transactions (transfers over $100,000) have dropped by approximately 3 trillion SHIB this week. The latest data shows a 69% plunge in large transaction volume from 6.04 trillion SHIB to 1.87 trillion SHIB within 24 hours, potentially signaling diminishing institutional interest. However, the historical volatility of this indicator calls for caution in drawing short-term bearish conclusions.

The token's long-term prospects remain speculatively optimistic, depending on ecosystem development. Market observers note that SHIB has underperformed other Altcoins in this cycle, with its fate hinging on upcoming network upgrades and adoption catalysts.

MEME Coin Frenzy Continues: Shiba Inu and Cheems Rise, Troller Cat Pre-sale Gains Momentum

MEME coins are again dominating cryptocurrency market discussions, with Shiba Inu rising 6.15% in the past 24 hours and Cheems up 10.83%. This recovery is accompanied by a rebound in trading volume and bullish sentiment in the sector.

Meanwhile, Troller Cat's pre-sale has entered its final 48-hour window, with an expected 15% price increase and having already raised over $325,000. Market observers believe the project could deliver 531% returns upon listing, with some even calling it a potential 100x opportunity.

The current pre-sale phase is themed around the "Friday phenomenon", leveraging nostalgic internet culture strategies, which is a wise move for a project relying on community-driven humor and viral appeal. Previously subdued, the MEME coin market now shows signs of renewed vitality.

Unlocking Shiboshi Characteristics and Deck Strategies in 'Shiba Eternal'

'Shiba Eternal' introduces players to Shiboshis - Shiba Inu warriors with unique characteristics that determine their battle capabilities. From hairstyles to accessories, these traits are more than decorations and dictate the available battle cards. Mastering these characteristics and constructing strategic decks is crucial for gaining an advantage in the game.

Each Shiboshi's appearance unlocks specific cards, adding depth to gameplay. For instance, a Shiboshi wearing a particular headpiece might gain powerful abilities. This mechanism encourages players to experiment with different combinations, blending strategy and surprise in every match.

Whether a novice or experienced player, understanding Shiboshi characteristics and optimizing deck construction can provide a competitive edge. The game design rewards creativity and tactical thinking, making it appealing to both cryptocurrency enthusiasts and gamers.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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