{"id":541443,"date":"2023-07-06T07:05:02","date_gmt":"2023-07-06T07:05:02","guid":{"rendered":"https:\/\/ktsl888.com\/?p=541443"},"modified":"2023-07-06T07:05:02","modified_gmt":"2023-07-06T07:05:02","slug":"recent-800-billion-shiba-inu-dump-has-short-traders-worried-heres-why","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/recent-800-billion-shiba-inu-dump-has-short-traders-worried-heres-why\/","title":{"rendered":"Recent 800 Billion Shiba Inu Dump Has Short Traders Worried – Here’s Why"},"content":{"rendered":"

Shiba Inu (SHIB) recently faced a major token dump of epic proportions, with a whopping 800 billion SHIB tokens being thrown into the market. But what caused this massive sell-off and what does it mean for the future of Shiba Inu?<\/span><\/p>\n

This major token offloading extravaganza went down on Binance alone, with traders ditching their SHIB for USDT. The Buying Selling View indicator revealed that this frenzy took place from 8:00 a.m. to 12:00 p.m. UTC.<\/span><\/p>\n

To understand the degree of the situation, let’s delve into the factors behind this recent market movement and explore the potential consequences for both short-term traders and long-term SHIB investors.<\/span><\/p>\n

What SHIB Offloading Means For Short-Term Traders<\/strong><\/h2>\n

When a massive token offloading event like the <\/span>recent SHIB dump<\/span><\/a> occurs, it creates a ripple effect that can have significant implications, especially for short-term sellers aiming for quick gains.\u00a0<\/span><\/p>\n

Related Reading: Dwindling Optimism (OP) Value May Be A Result Of This Factor<\/a><\/div>\n

Token dumps often result in increased market volatility, causing sudden price drops and erratic fluctuations. For short-term traders, this can be both a bane and boon. On one hand, volatility presents opportunities for quick profits if they time their trades well. On the other hand, it also raises the risk of unexpected losses if the market turns against their positions.<\/span><\/p>\n

\"\"<\/p>\n

Source: TradingView<\/pre>\n
Massive offloading events tend to put downward pressure on the token’s price. The increased supply flooding the market can lead to price depreciation, which may discourage short-term traders from entering or maintaining their positions. This, in turn, can impact the overall trading sentiment and make it harder for traders to secure favorable gains.<\/span><\/p>\n
Related Reading: Lido (LDO) Sustains Weekly Run With 16% Gain \u2013 What Fuels It?<\/a><\/div>\n
\"\"<\/p>\n
Source: Coingecko<\/pre>\n
As per <\/span>CoinGecko<\/span><\/a>, the price of SHIB currently stands at $0.00000743, reflecting a decline of 3.4% over the past 24 hours. However, despite this recent dip, SHIB has managed to rally by 2.8% over the course of the past seven days.<\/span><\/p>\n
<\/p>\n
SHIB market cap currently at $4.3 billion. Chart: TradingView.com<\/a><\/pre>\n
SHIB Ecosystem Token’s Impressive Rally\u00a0<\/strong><\/h2>\n
Meanwhile, amidst all the action, Shiba Inu’s ecosystem token, Bone, experienced an <\/span>astounding rally<\/span><\/a> of over 25% in the past 14 days, delivering substantial returns to investors in the third quarter of 2023. This surge propelled the cryptocurrency’s price to surpass the $1 mark. However, after reaching a peak of $1.09, the price of Bone entered a correction phase and has been struggling to regain momentum on the charts.<\/span><\/p>\n
\n
$BONE<\/a><\/p>\n
it\u2019s time for $2-$3 serious pep talk pic.twitter.com\/1MQgUHnXCw<\/a><\/p>\n
\u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 (@LucieSHIB) July 3, 2023<\/a><\/p><\/blockquote>\n
LucieSHIB, a marketing specialist for Shiba Inu, recently took to Twitter and expressed optimism by stating that it’s time for Bone’s price to target the <\/span>$2 to $3 range<\/span><\/a>. While it remains to be seen whether Lucie’s prediction will come to fruition, only time will provide the answer to this intriguing question.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from <\/span>Corporate Finance Institute<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) recently faced a major token dump of epic proportions, with a whopping 800 billion SHIB tokens being thrown into the market. But what caused this massive sell-off and what does it mean for the future of Shiba Inu? This major token offloading extravaganza went down on Binance alone, with traders ditching their SHIB for USDT. The Buying Selling View indicator revealed that this frenzy took place from 8:00 a.m. to 12:00 p.m. UTC. To understand the degree of the situation, let’s delve into the factors behind this recent market movement and explore the potential consequences for both short-term traders and long-term SHIB investors. What SHIB Offloading Means For Short-Term Traders When a massive token offloading event like the recent SHIB dump occurs, it creates a ripple effect that can have significant implications, especially for short-term sellers aiming for quick gains.\u00a0 Related Reading: Dwindling Optimism (OP) Value May Be A Result Of This Factor Token dumps often result in increased market volatility, causing sudden price drops and erratic fluctuations. For short-term traders, this can be both a bane and boon. On one hand, volatility presents opportunities for quick profits if they time their trades well. On the other hand, it also raises the risk of unexpected losses if the market turns against their positions. Source: TradingView Massive offloading events tend to put downward pressure on the token’s price. The increased supply flooding the market can lead to price depreciation, which may discourage short-term traders from entering or maintaining their positions. This, in turn, can impact the overall trading sentiment and make it harder for traders to secure favorable gains. Related Reading: Lido (LDO) Sustains Weekly Run With 16% Gain \u2013 What Fuels It? Source: Coingecko As per CoinGecko, the price of SHIB currently stands at $0.00000743, reflecting a decline of 3.4% over the past 24 hours. However, despite this recent dip, SHIB has managed to rally by 2.8% over the course of the past seven days. SHIB market cap currently at $4.3 billion. Chart: TradingView.com SHIB Ecosystem Token’s Impressive Rally\u00a0 Meanwhile, amidst all the action, Shiba Inu’s ecosystem token, Bone, experienced an astounding rally of over 25% in the past 14 days, delivering substantial returns to investors in the third quarter of 2023. This surge propelled the cryptocurrency’s price to surpass the $1 mark. However, after reaching a peak of $1.09, the price of Bone entered a correction phase and has been struggling to regain momentum on the charts. $BONE it\u2019s time for $2-$3 serious pep talk pic.twitter.com\/1MQgUHnXCw \u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 (@LucieSHIB) July 3, 2023 LucieSHIB, a marketing specialist for Shiba Inu, recently took to Twitter and expressed optimism by stating that it’s time for Bone’s price to target the $2 to $3 range. While it remains to be seen whether Lucie’s prediction will come to fruition, only time will provide the answer to this intriguing question. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Corporate Finance Institute<\/p>\n","protected":false},"author":557,"featured_media":541454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[86713,1144,8686,83767,4735,84473,83667],"class_list":["post-541443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bone","tag-btcusd","tag-ethusd","tag-meme-coins","tag-price-action","tag-shib-price","tag-shiba-inu"],"acf":[],"yoast_head":"\nRecent 800 Billion Shiba Inu Dump Has Short Traders Worried<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) recently faced a major token dump of epic proportions, with a whopping 800 billion SHIB tokens being thrown into the market. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Recent 800 Billion Shiba Inu Dump Has Short Traders Worried – Here’s Why","url":"http:\/\/ktsl888.com\/news\/recent-800-billion-shiba-inu-dump-has-short-traders-worried-heres-why\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/recent-800-billion-shiba-inu-dump-has-short-traders-worried-heres-why\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-31.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-31.png?fit=717%2C473"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bone","btcusd","ethusd","meme coins","price action","shib price","shiba inu"],"dateCreated":"2023-07-06T07:05:02Z","datePublished":"2023-07-06T07:05:02Z","dateModified":"2023-07-06T07:05:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Recent 800 Billion Shiba Inu Dump Has Short Traders Worried – Here’s Why\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/recent-800-billion-shiba-inu-dump-has-short-traders-worried-heres-why\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/recent-800-billion-shiba-inu-dump-has-short-traders-worried-heres-why\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-31.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-31.png?fit=717%2C473\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bone\",\"btcusd\",\"ethusd\",\"meme coins\",\"price action\",\"shib price\",\"shiba inu\"],\"dateCreated\":\"2023-07-06T07:05:02Z\",\"datePublished\":\"2023-07-06T07:05:02Z\",\"dateModified\":\"2023-07-06T07:05:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-31.png?fit=717%2C473","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/541443"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=541443"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/541443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/541454"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=541443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=541443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=541443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}