* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    Nantucket Dance Festival opens July 8 – The Inquirer and Mirror

    Nantucket Dance Festival Launches with Thrilling Performances Beginning July 8

    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    Nantucket Dance Festival opens July 8 – The Inquirer and Mirror

    Nantucket Dance Festival Launches with Thrilling Performances Beginning July 8

    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Shiba Inu (SHIB) Price Increases After NFT Merch Launch —are the Whales Behind it? 

June 23, 2023
in Business
Shiba Inu (SHIB) Price Increases After NFT Merch Launch —are the Whales Behind it? 
Share on FacebookShare on Twitter

Shiba Inu (SHIB) price soared 15% on Wednesday after the dev team launched a much-heralded NFT-based merch collection. On-chain data reveals that crypto whales have increased their trading activity significantly. Are there more SHIB gains ahead? 

On June 21, prominent pseudonymous Shiba Inu developer, “Shytoshi Kusama,” announced “Shibacals: Authenticated Collectibles” in a blog post. The merch collection is designed to “enable the functionality to link real-world assets to NFTs” within the Shiba Inu ecosystem. 

Within 24 hours, Shiba Inu price pumped 15% to briefly scale the $0.000008 resistance for the first time in two weeks. On-chain data suggest that bullish whales are buying big into the SHIB NFT-merch hype. 

Here’s why SHIB price could experience more gains in the coming weeks. 

Crypto Whales Are Buying Big Into the SHIB NFT-Merch Hype

Over the past week, Shiba Inu whale investors have increased their trading activity considerably. IntoTheBlock data below shows that only 10 SHIB Whale transactions where recorded on June 17. As seen below, that figure has since soared 740% to 74 transactions at the close of June 23. 

Shiba Inu (SHIB) Price Up, June 2023 | Large Transactions Shiba Inu (SHIB) Price Up, June 2023 | Large Transactions | Source: IntoTheBlock

Large Transactions tracks the activity of whale investors and high-net-worth traders by summing the daily number of confirmed transactions that exceed $100,000. 

The chart above shows a 740% increase in the trading activity of crypto whales investing in SHIB. All within a week. Unsurprisingly, this has already impacted SHIB’s price positively this week. 

If the whales can keep up this level of trading activity, SHIB could build on the 15% gains to end June 2023 strongly. 

Shiba Inu Network Value is Improving 

According to on-chain data, SHIB network value has improved significantly over the past week. 

Santiment’s Network Value to Transaction Volume (NVT) ratio assesses the growth of a cryptocurrency’s market value relative to the underlying transactional activity.

Between June 17 and June 23, the NVT ratio dropped 74% from 701.71 to 183.72. 

Shiba Inu (SHIB) Price Up, June 2023 - NVT ratio Shiba Inu (SHIB) Price Up, June 2023 – NVT ratio Source: Santiment

In simple terms, when the NVT ratio is reduced, as seen above, it indicates that the underlying economic activity is growing faster than price. This suggests that the recent price rally was not likely powered by organic growth in network activity rather than market speculation. 

In conclusion, the whales are likely to keep buying if the strategic newly-launched SHIB NFT merch is well-received in the global SHIB community. Ultimately this could lead to more price gains for SHIB holders. 

SHIB Price Prediction: Is a Rally to 0.000013 On the Cards?

According to IntoTheBlock’s Break-Even Price distribution data, Shiba Inu will likely enter a bullish upswing toward $0.000013.

But currently, the 42,750 investors that bought a total of 12.4 trillion SHIB tokens are expected to pose considerable resistance when the price approaches its break-even zone at $0.000008. 

If that resistance folds as expected, the Shiba Inu price will likely reach $0.000013. 

Shiba Inu (SHIB) Price Prediction. June 2023 | Break-Even Price Distribution Shiba Inu (SHIB) Price Prediction. June 2023 | Break-Even Price Distribution | Source: IntoTheBlock

Still, the Shiba Inu bears can negate this bullish narrative if the SHIB price drops $0.000006. But as seen above, some of the 51,230 addresses holding 19.55 trillion SHIB tokens at that price range could offer significant support.

But if that support level does not hold, the Shiba Inu bulls could drop as low as $0.000005.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BeingCrypto – https://beincrypto.com/shib-skyrockets-nft-merch-launch/

Tags: businessPriceShiba
Previous Post

Decentraland (MANA) Faces Crossroads as Whales Disregard SEC Threats

Next Post

FSMA Orders Binance to Stop Offering Crypto Services in Belgium Immediately

Trump’s economy: A weak link in MAGA’s chain – The Hill

Trump’s economy: A weak link in MAGA’s chain – The Hill

July 2, 2025
BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

July 2, 2025
About 17 Million More People Could be Uninsured due to the Big Beautiful Bill and other Policy Changes – KFF

How the Big Beautiful Bill and Policy Changes Could Leave 17 Million More People Uninsured

July 2, 2025
Politics and science can mix – High Country News

When Politics Meets Science: Finding Common Ground for a Better Future

July 2, 2025
Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

July 2, 2025
Diamondbacks ban fan who interfered with apparent would-be Giants HR for rest of season, citing ‘multiple offenses’ – Yahoo Sports

Diamondbacks ban fan who interfered with apparent would-be Giants HR for rest of season, citing ‘multiple offenses’ – Yahoo Sports

July 2, 2025
Late Paleolithic whale bone tools reveal human and whale ecology in the Bay of Biscay – Nature

Ancient Whale Bone Tools Reveal Secrets of Human and Whale Life in the Bay of Biscay

July 2, 2025
Exploring three theories of consciousness. – Psychology Today

Unveiling the Mysteries: Exploring Three Fascinating Theories of Consciousness

July 2, 2025
MIT student wins first-ever Stephen Hawking Junior Medal for Science Communication – MIT News

MIT student wins first-ever Stephen Hawking Junior Medal for Science Communication – MIT News

July 2, 2025
Here’s what your morning routine really says about you – New York Post

What Your Morning Routine Says About Who You Really Are

July 2, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (702)
  • Economy (728)
  • Entertainment (21,616)
  • General (15,674)
  • Health (9,767)
  • Lifestyle (732)
  • News (22,149)
  • People (728)
  • Politics (735)
  • Science (15,945)
  • Sports (21,225)
  • Technology (15,712)
  • World (708)

Recent News

Trump’s economy: A weak link in MAGA’s chain – The Hill

Trump’s economy: A weak link in MAGA’s chain – The Hill

July 2, 2025
BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

July 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version