Zinger Key Points
- Shiba Inu daily transactions spiked to 4.67 million, fueling a sharp increase in active addresses.
- A trader notes that a break above the $0.0000175 sell wall could trigger a smooth rally toward $0.000028.
- Tim Melvin’s system has spotted 10X winners like NVIDIA and Matador—see his next 6 picks and the options strategies to multiply gains at a free July 23 event. Register Here.
Shiba Inu SHIB/USD has gained over 37% in the past month, driven by soaring transaction volume, increased network activity, and a series of aggressive token burns.
Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
Shiba Inu | SHIB/USD | $0.00001559 | $9.2 billion | +14% |
Dogecoin | DOGE/USD | $0.2716 | $40.8 billion | +32.8% |
Pepe | PEPE/USD | $0.00001408 | $5.9 billion | +12.6% |
Trader Notes: Crypto trader CW predicts a smooth rally toward $0.000028 if Shiba Inu decisively breaks through the $0.0000175 resistance, a key supply zone currently acting as a sell wall.
Friedrich, another prominent trader, said SHIB looks "primed for breakout," especially as Ethereum gains momentum. He expects a retest of all-time highs and advises spot accumulation, warning against excessive leverage.
Statistics: Shibburn data shows 1.19 million SHIB were burned in the past 24 hours.
Shibarium data shows daily transactions increasing from 4.58 million to 4.67 million in a single day.
While large transaction volume dropped 43.86%, daily active addresses climbed 11.9%. 46% of SHIB holders are in profit, and another 4% are at breakeven, an improved ratio thanks to the 37% monthly price surge.
Coinglass data shows Shiba Inu open interest spiked 12.3% to $326.7 million, the highest since early Febuary. Derivatives trading volume expanded 75.6% in a single day.
Community News: Lead developer Shytoshi Kusama's latest AI whitepaper paints a vision of an AI-dominated future, warning that humans may not be the winners.
He asserts SHIB is strategically positioned across multiple sectors, making it a "resilient asset" in an AI-controlled world. Kusama also classifies six types of AI domination in the paper.
Read Next:
Image: Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.