Shiba Inu Whales Snap Up 10T SHIB, Prices Chalk Out Descending Triangle Pattern
Shiba inu (SHIB) whales went bargain hunting early this week after prices dropped to a 16-month low of $0.00001005.
According to CoinDesk's AI research, whales purchased 10.4 trillion SHIB tokens, worth over $110 million, on Monday, marking the largest daily accumulation in five months.
The whale action has likely contributed to the cryptocurrency's 17% price bounce from the 16-month low reached Sunday. Note that the broader crypto market has stabilized following the initial knee-jerk reaction to the tensions in the Middle East. BTC, which fell below $100K over the weekend, last changed hands near $106,000.
Market data indicate that SHIB is maintaining a generally constructive posture, with higher lows forming a subtle uptrend channel. The token found significant volume support at the $0.00001158 level during the 24 hours from June 24, 09:00 to June 25, 08:00, with trading volume surging to 439 billion, well above the daily average.
This accumulation at support levels suggests the potential for continued upside momentum if the $0.00001175 resistance can be decisively cleared. As of writing, SHIB traded at around $0.00001162 on major exchanges, according to CoinDesk data.
Higher lows formed a subtle uptrend channel, suggesting accumulation at support levels and potential for continued upside momentum if $0.00001175 resistance is cleared.
During the 60 minutes from 25 June 07:06 to 08:05, SHIB climbed from $0.00001169 to $0.00001171, representing a 0.2% gain.
A significant price surge occurred between 07:25-07:27, with volume peaking at 12.36 billion SHIB as prices reached the session high of $0.00001175.
Price action formed an ascending channel with higher lows, though a sharp correction at 08:03 tested the $0.00001171 support level, suggesting consolidation after the earlier rally.
SHIB's recovery has stalled since Tuesday, with prices trading in what appears to be a descending triangle, characterized by a falling trendline and a horizontal support line.
A price move through the descending trendline would signal a continuation of the recovery rally, exposing the June 16 resistance above $0.00001230. Conversely, a breakdown of the triangle would signal a bearish reversal lower.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time Business News
2 hours ago
- Time Business News
Best XRP Wallet: What Makes Cwallet Your Best XRP Wallet?
The cryptocurrency environment is changing very fast, and XRP has become one of the most competitive cryptocurrencies in the market. Since this world needs and desires more secure and efficient wallets to handle XRP, more newcomers and even experienced cryptocurrency users will require the best platform to store their digital assets safely. Cwallet is a professional wallet that can be used to handle XRP, and this can be seen as a good choice when you are in search of a reliable wallet to handle XRP. In this guide, we will get to understand why Cwallet is the best wallet to use in handling XRP and how it compares with other wallets in the market. Even if you have recently come across the cryptocurrency and you want to choose the nearly perfect system because of your lack of awareness, this article can lead you toward the correct decision. Cwallet is a decentralized and universal cryptocurrency wallet that aims to provide its users with secure, quick, and simple access to the management of their digital assets. Cwallet, similar to XRP, supports a great number of other cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH). This implies that you will have everything to do with your crypto assets at a single location without switching between several wallets. Suppose you are a beginner in the sphere of crypto or want to have a more convenient solution. In that case, you will find an intuitive interface, a great user experience, and the most sophisticated security level to guarantee the safety of your money with Cwallet. Users have given it rave reviews with regard to usability and reliability; hence, it is an ideal wallet to store and manage XRP. TIME BUSINESS NEWS
Yahoo
3 hours ago
- Yahoo
5 Macro Trends Likely to Send Bitcoin and XRP Skyrocketing in 2026
Macroeconomic factors have big implications for Bitcoin and XRP. Five such factors are currently becoming tailwinds for these two coins. Most of these trends will take a couple of years to play out in full. 10 stocks we like better than Bitcoin › Water seeks its own level, and so does money. When cash becomes plentiful in the financial system, scarce digital assets such as Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) often move sharply higher. Looking toward 2026, there are five macroeconomic forces that appear ready to remove several roadblocks that have held crypto back during the past two years. XRP and Bitcoin are likely to go higher as a result. Here's why each matters. Think of liquidity as the total pool of spendable cash in the global economy. When central banks add money to their respective national financial systems, usually by enlarging their balance sheets, investors have more capital to deploy, and riskier assets like major cryptocurrencies benefit first. And since mid-2024, the total combined assets of the U.S. Federal Reserve, the European Central Bank, and the Bank of Japan have ticked higher for multiple quarters in a row. During the last comparable upswing, from March 2020 to April 2021, Bitcoin leapt 500%, while XRP surged 483%. So if major central banks keep refilling the punch bowl, history suggests another party for crypto prices, assuming nothing spoils the fun. Interest rates set the cost of borrowing money from central banks. Lower borrowing costs make cash cheaper and thus push investors to seek higher-return alternatives to government bonds, including leading digital assets like Bitcoin and XRP. The Fed is now widely anticipated to trim its benchmark interest rate by mid-2026, which implies at least a couple of interest rate cuts in the very near future. In 2019, when the Fed cut rates by almost 1 percentage point, Bitcoin rose 120% in five months, and XRP climbed 17%. That exact performance probably won't be replicated this time around, assuming things proceed as expected. But it will still likely be bullish for these coins. The U.S. Dollar Index is down roughly 8% so far in 2025 as worries over trade tensions and federal deficits mount. A weaker dollar means that global investors need fewer units of their local currency to buy dollar-denominated Bitcoin or XRP, which could have the effect of juicing demand. In 2017, a similar dollar slide that lasted through the start of 2018 preceded a jump in Bitcoin's market cap by a multiple of 13.5, and pushed XRP to rise by a shocking multiple of 34.6. As long as tariffs remain a topic of conversation for the U.S. economy, there could be a tailwind in play here. Government bond yields represent the safest return for investors. The 10-year U.S. Treasury yield has fallen from 4.7% in January 2025 to near 4.3% today. When safe yields drop, the gap between bonds and non-yielding assets such as crypto narrows, making coins more appealing in comparison. After yields slid in late 2018 until shortly after the start of their rapid climb back up in October 2021, Bitcoin's price rose by 572%, and XRP's followed, climbing 84% in the tail end of the period. When people have more disposable income, they invest more, and when they have invested in safe assets sufficiently, they move on to investing in riskier ones like Bitcoin or XRP. Paychecks are stretching a bit further after accounting for inflation recently; average hourly earnings in the U.S. rose 1.4% from March 2024 to March 2025. During the economic stimulus of the 2020 to 2021 period, fresh cash on the sidelines helped power Bitcoin's rise. There's no similarly strong stimulus this time around, but that doesn't change the fact that investors with deeper pockets are more likely to devote some of their money to cryptocurrencies like Bitcoin or XRP. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Alex Carchidi has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and XRP. The Motley Fool has a disclosure policy. 5 Macro Trends Likely to Send Bitcoin and XRP Skyrocketing in 2026 was originally published by The Motley Fool
Yahoo
3 hours ago
- Yahoo
Which Cryptocurrency Is More Likely to Be a Millionaire Maker? XRP vs. Shiba Inu
It's tempting to pile all your money into investments that claim to offer huge returns. The ones that don't make those claims tend to be the better bets. XRP and Shiba Inu embody this clash very precisely. 10 stocks we like better than XRP › Most investors know the lure of a lottery ticket. In crypto, that ticket often takes the form of a meme coin promising overnight riches -- and, in very rare cases, buying the ticket does pay off. Yet wealth is far more commonly built the unglamorous way, not in a single moonshot, and more than one investor has lost it all betting on a speculative asset when a less flashy one held for the long term would have made them much richer. With global liquidity thawing and a fresh crop of crypto exchange-traded funds (ETFs) inching toward approval, chatter about millionaire makers is back. Two fan favorites are quite popular in the conversation: XRP (CRYPTO: XRP), a utility fintech coin aimed at capturing institutional money flows, and Shiba Inu (CRYPTO: SHIB), a meme coin powered almost entirely by vibes. Let's dig in and determine which of the two is more likely to make investors a lot wealthier. One of XRP's biggest assets in the matchup against Shiba Inu is that its issuer, Ripple, is actively developing the XRP Ledger (XRPL) to appeal to a specific group of institutional investors. Ripple's ledger is built for banks, currency exchange houses, and those seeking payment rails. In April, Ripple agreed to buy prime broker Hidden Road for $1.2 billion, bringing with it a client base that clears roughly $3 trillion in trades each year into XRP's orbit. Now, Hidden Road's volume will be cleared in the back end using the coin, which supports its price by increasing demand. Furthermore, offering institutional plumbing matters because it turns a token from a speculative chip into working capital. Momentum is building on the market-access side, too. Cash-settled XRP futures trading just launched in May, pulling in $19 million on day one. Analysts now assign roughly 90% odds of an XRP ETF getting the green light within months, which could only happen if futures trading were proceeding smoothly. The current set of macro conditions will also help buoy XRP's price. Central banks from Europe to Canada have recently pivoted to cutting interest rates, reducing the cost of borrowing money, and the Federal Reserve in the U.S. is widely expected to cut rates before the end of 2025, turning liquidity from headwind to tailwind for risk assets like XRP. Could these factors drive up XRP 100-fold and mint millionaires overnight? Probably not. That would require a $12.9 trillion market cap --from $126 billion today -- which is not happening anytime soon. But a realistic scenario of steady regulatory wins, ETF inflows (assuming the ETFs get approved), and continued banking adoption could still deliver a respectable and consistent return over the next decade. Shiba Inu's elevator pitch is simple. What if there were a coin that could repeat Dogecoin's magic, but with trillions more tokens, and a mascot dripping with internet culture? Well, that coin might just go to the moon -- or so buyers are perpetually hoping. To mint a single new millionaire from a very large $10,000 stake, this coin must climb 100-fold, lifting its valuation to roughly $680 billion from about $6.8 billion today, which is to say it would need to be a bit bigger than some of the world's largest companies creating real value every day, like Visa, which has a market cap of $678 billion. Defenders point to Shiba Inu's aggressive token burning program. In mid-June, there were 116 million tokens burned, which sounds like a lot. But 116 million is 0.00002% of the supply, which means it's mathematically irrelevant to the coin's float of 589.2 trillion tokens. Meanwhile, every macro catalyst that might lift Shiba Inu will also lift higher-quality assets. Investors chasing meme coins for the liquidity wave argument ignore that the same flood of easy money can flow into XRP as well, which has dramatically stronger fundamentals and thus more staying power. The bottom line here is that Shiba Inu is unlikely to make you a millionaire unless you already put down near-millionaire money or catch an unpredictable, sentiment-driven spike and exit before gravity returns -- and you almost certainly won't. For most long-term investors, that is neither a strategy nor a plan. In closing, XRP may not deliver a fairy-tale 100-fold gain, but at least it has a road map to justify calculated optimism and long-term holding. Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Alex Carchidi has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Visa and XRP. The Motley Fool has a disclosure policy. Which Cryptocurrency Is More Likely to Be a Millionaire Maker? XRP vs. Shiba Inu was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
