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Shiba Inu (SHIB) is facing a sharp decline in price and whale activity. SHIB’s decline is raising doubts about the meme coin’s future in a competitive crypto market. Memeinator, a new AI crypto project, aims to dominate the meme coin market with its MMTR token. In the volatile world of cryptocurrency, Shiba Inu (SHIB) has recently faced a dramatic decline, with its price hovering near yearly lows. SHIB’s struggles have raised concerns about its future in the crypto market. The once-soaring meme coin has faced several challenges, and its latest setback comes in the form of a mass exodus of large holders, often referred to as “whales.” Shiba Inu faces whale exodus Shiba Inu has witnessed a significant drop in the number of substantial transactions on its network, with large holders reducing their activity according to data from Etherscan. In the recent past, the number of these transactions significantly dwindled, marking a perio...

As the global crypto market capitalization fell below the $1.15 trillion mark, Bone ShibaSwap (BONE) witnessed notable highs and lows over the past week.  BONE, ShibaSwap’s governance token, registered a 17% loss over the past week and plunged by 13% in the past 24 hours alone. While the downward movement continues, Bone whales have been making accumulation moves. BONE price, whale activity, active addresses, and exchange outflow – Aug. 17 | Source: Santiment According to data provided by the market intelligence platform Santiment, whale transactions consisting of at least $100,000 worth of BONE have doubled over the past two days — rising from only 19 trades on Aug. 15 to 38 transfers on Aug. 16. You might also like: BONE sees 25% weekly gains as daily addresses surge Moreover, Santiment data shows that BONE’s exchange outflow has doubled in the same timeframe — surging from 1.18 million tokens to 2.36 million over the past two days. Quite similarly, the num...

Cardano (ADA) shark and whale addresses have amassed more tokens amid the persistent downturn, accumulating $116 million worth of ADA in two months. This accumulation trend coincides with a consistent rise in on-chain volume. Santiment disclosed on Aug. 8 that whale and shark addresses holding between 100,000 and 10 million ADA have been buying the dip. As a result, the rate of ADA’s circulating supply collectively held by these addresses has surged to levels not witnessed since September 2022.  As #Cardano sits just above $0.29, whales and sharks holding between 100K-10M $ADA have accumulated back to their highest level since September, 2022. Additionally, #onchain transaction volume has been rising nearly every week for the past 6 months. https://t.co/x9mUHDIhnx pic.twitter.com/X9WphDpPvy — Santiment (@santimentfeed) August 8, 2023 Similarly, transaction volume has continued to rise over the past six months. Following the low in February, transaction volume gai...