BlockDAG (BDAG) X1 Miner App Has 1.5 Million Miners Before Launch, Outpacing Any Other Coin in History

It tells you retail traders are pulling back, and big wallets aren't betting heavy on either.

Shiba Inu (SHIB) whale action has dropped by a whopping 84% since a major surge on June 5, according to data.

On June 9, large transactions in SHIB dropped to just 3.83 trillion, a pale shadow of the 24.3 trillion seen on June 5. This level of activity is a common precursor to major price swings. Earlier this year, similar drops in SHIB whale action were followed by significant price corrections.

After a sustained period of strong buying activity, SHIB price dropped 30% within a week as the bears took control.

Furthermore, SHIB is now showing signs of net outflows from large wallets, with around 262 billion SHIB being withdrawn from balances over 100,000. This sustained outflow signals a lack of bullish confidence from major SHIB holders, setting the stage for potentially more price declines.

Shiba Inu Price Analysis: SHIB Key Support Holds But Breakout Remains Elusive

A closer look at the SHIB price action reveals that the famous meme coin is still holding a key support level at $0.0000119. However, analysts warn that if this crucial support breaks, another zero could be added to the price of SHIB.

The majority of traders are currently placing short trades on SHIB, anticipating a downward move in the price. Historically, a slowdown in Shiba Inu (SHIB) whale action is usually followed by a corresponding change in price trend.

In the short term, SHIB price could remain confined to a trading range between $0.000010 and $0.000017 unless a significant catalyst emerges to shift market sentiment.

Pi Network Price Holds After 2M Token Move, But Is Payout Delay a Problem?

Pi network price is showing resilience today, with slight gains of 1% pushing it to $0.641. However, the token is still down nearly 40% from its recent monthly highs.

A closer inspection reveals a significant 2 million PI token transfer, likely an OTC buy from a liquidity wallet to a new address. Some see this as good news, showcasing potential institutional interest in Pi.

However, short-term sentiment remains weak after a 20% price drop. A return above $1.20 is needed for fresh buying pressure.

Community feedback is mixed. Some holders are hopeful for "Pi Day 2" on June 28 to bring bigger announcements, like exchange listings or updates on the planned token payout to KYC-verified users.

But critics highlight the lack of progress. Despite the mainnet launch last November, there have been delays in delivering new products.

Moreover, some complain about the X1 Miner app performance slowing down. It used to pay out 0.33 Pi per hour, but now it’s down to 0.15 to 0.2 Pi, rendering the advertised 2 Pi per day unattainable.

This has sparked unrest among miners, especially those in countries where the app is the primary income source.

Is Pi Network Price Going Up Or Down?

Overall, Pi network price is at a crossroads. It’s showing slight gains but faces an uphill battle to breakout of the current trading range.

The upcoming June 28 event could be make or break for the project. If the Pi network team has good news to share, it could spark a comeback.

However, further delays or a lack of progress could worsen the mood, setting the stage for more price drops as confidence wanes.

The post Shiba Inu (SHIB) Whale Action Drops 84%, Is A Breakdown Next? appeared first on Tokenist.

The post Shiba Inu (SHIB) Whale Action Drops 84%, Is A Breakdown Next? appeared first on Tokenist.