Shiba

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Shiba Inu

<ul> 
 <li>Shiba Inu sees a 12% rise in three days, despite a 24-hour dip, with a significant market cap and high trading volume.</li> 
 <li>DogWifHat surges 30% in three days, influenced by whale activity, highlighting the token’s volatile but high-reward nature.</li> 
 <li>Crypto market faces over $155 million in liquidations, heavily impacting Shiba Inu traders betting on price increases.</li> 
</ul> 
<p>Santiment, a market intelligence platform, reports that over the past three days, <a href="https://cryptonewsland.com/whale-interest-in-shiba-inu-skyrockets-sees-massive-surge-in-transactions/" target="_blank" rel="noreferrer noopener">Shiba Inu</a> has seen a 12% increase, while DogWifHat has surged by 30%. The rising trading volumes of these meme coins underscore their relevance among traders. However, such tokens often experience significant fluctuations, marked by sudden peaks driven by fear of missing out (FOMO) and sharp declines due to fear, uncertainty, and doubt (FUD).</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f63a.png" alt="😺" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f436.png" alt="🐶" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw">#ShibaInu</a> (+12% in 3 days) &amp; <a href="https://twitter.com/hashtag/DogWifHat?src=hash&amp;ref_src=twsrc%5Etfw">#DogWifHat</a> (+30% in 3 days) are the top trending crypto tokens, with rising volume support. Meme coins are staying very relevant to traders while top caps range. You can expect to see big FOMO tops and big FUD bottoms with these kinds of coins. <a href="https://t.co/FejSlNLdhf">pic.twitter.com/FejSlNLdhf</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1795862563198030227?ref_src=twsrc%5Etfw">May 29, 2024</a>
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<p>As of today, Shiba Inu’s price stands at <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noreferrer noopener">$0.000027</a> with a 24-hour trading volume of $1,413,201,096. Despite its recent gains, Shiba Inu has dipped 2.92% in the last 24 hours. The current market cap for Shiba Inu is $15,662,378,904, and it has a circulating supply of 589,271,838,264,679 SHIB coins.</p> 
<p>Significantly, the cryptocurrency market is experiencing a considerable shift as overall liquidations surpass $155.7 million. This follows declines in Bitcoin (<a href="https://cryptonewsland.com/massive-btc-supply-shock-and-explosive-aths-incoming-as-bitcoin-btc-buying-2x-since-bitcoin-halving/" target="_blank" rel="noreferrer noopener">BTC</a>) and Ethereum (ETH) prices. Shiba Inu has been notably affected, with a 24-hour liquidation total of $1.95 million. This liquidation translates to over 75 billion SHIB coins being sold off within the same period.</p> 
<p>Data from <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noreferrer noopener">CoinGlass</a> reveals that long traders, those betting on Shiba Inu’s price rise, bore the brunt of these liquidations. They recorded a total liquidation of $1.7 million, in contrast to the $255,590 liquidation for short traders, who bet on the price decline.</p> 
<p>Lookonchain, an analytics platform, highlighted notable whale activity surrounding DogWifHat. A whale recently spent 17,966 SOL, approximately $2.98 million, to acquire 953,177 WIF at $3.13, causing a 7% price increase. This same whale had previously bought 355,417 WIF for $1 million USDC at $2.81 on May 21 and sold it at $3.07 for $1.09 million USDC on May 22, earning $90,000.</p> 
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   <p lang="en" dir="ltr">A whale spent 17,966 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($2.98M) to buy 953,177 <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> at $3.13 in the past 5 hours, causing the price of <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> to increase by ~7%.<br><br>This whale previously spent 1M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> to buy 355,417 <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> at $2.81 on May 21 and then sold it at $3.07 for 1.09M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> on May 22, making $90K.… <a href="https://t.co/4xnoKerJ0X">pic.twitter.com/4xnoKerJ0X</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1794581934657695758?ref_src=twsrc%5Etfw">May 26, 2024</a>
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<p>DogWifHat current price is <a href="https://coinmarketcap.com/currencies/dogwifhat/" target="_blank" rel="noreferrer noopener">$3.48</a>, with a 24-hour trading volume of $1,016,126,592. In the past 24 hours, DogWifHat’s price has decreased by 8.60%. It holds a market cap of $3,476,304,635, and a circulating supply of 998,905,940 WIF coins.</p> 
<h4 class="wp-block-heading" id="h-read-more">Read More:</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/crypto-short-sales-hit-700-million-as-markets-get-greener/">Crypto Short Sales Hit $700 Million as Markets Get Greener</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-and-ethereum-surge/">BTC and ETH Rally: $285 Million Liquidated in 24 Hours</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-surpassing-22k-triggers-250-million-in-liquidations/">Bitcoin Surpassing $22k Triggers $250 Million in Liquidations</a></li>
 <li><a href="https://cryptonewsland.com/curve-hack-triggers-liquidations-and-contagion-spiral-in-defi-sector/">Curve Hack Triggers Liquidations and Contagion Spiral in DeFi Sector</a></li>
 <li><a href="https://cryptonewsland.com/altcoin-traders-face-liquidations-amid-falling-dominance/">Altcoin Traders Face Liquidations Amid Falling Dominance</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/shiba-inu-and-dogwifhat-tokens-surge-amid-crypto-market-liquidations/">Shiba Inu and DogWifHat Tokens Surge Amid Crypto Market Liquidations</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Shiba Inu and DogWifHat Tokens Surge Amid Crypto Market Liquidations

Crypto News Land

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