welcome
CoinGape

CoinGape

Business

Business & Economics

Shiba Inu Price Signals 28% Crash After Bearish Pattern Breaks

CoinGape
Summary
Nutrition label

65% Informative

Shiba Inu ( SHIB ) is trading at a monthly low after nearly $1 billion in crypto market liquidations on June 6 pushed meme coin prices lower.

Whale address recently moved 100 billion SHIB tokens to Binance after three years of dormancy as trader losses intensify.

At press time, SHIB price trades at $ 0.0000122 with a 4.5% decline in 24 hours .

Daily trading volumes also up by 90% to $266 million , with the surge likely stemming from sell-side volumes.

VR Score

47

Informative language

34

Neutral language

46

Article tone

formal

Language

English

Language complexity

36

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links