Is 'Dogecoin Killer' Shiba Inu On A Bearish Path? Whale Transactions, Burn Rate Suggest Otherwise
Is 'Dogecoin Killer' Shiba Inu On A Bearish Path? Whale Transactions, Burn Rate Suggest Otherwise
It asks Binance to implement a daily burn mechanism of 1% for all Shiba Inu token transactions. This step is taken in the interest of pushing the meme coin's price higher for long-term sustainability.'Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) has treaded water over the past week despite a wider market rally, raising curiosity if the meme coin remains bullish or bearish.
即使市場整體上漲，'狗狗幣殺手'柴犬幣（加密貨幣：SHIB）在過去一週內一直在觀望，這引起人們的好奇心，這個模因幣是看好還是看淡。
What Happened: Shibburn data shows the burn rate spiking 545.3% in the past 24 hours, with a total of 10.3 million SHIB coins burned. Over the past 19 hours, four transactions burned above 1.4 million coins.
發生了什麼：Shibburn數據顯示，在過去24小時內，銷燬率激增545.3％，銷燬了1030萬個SHIb幣。在過去的19小時內，有四筆交易銷燬的幣數超過了140萬。
The Shiba Inu community officially petitioned Binance to burn SHIB, requesting the Shib Army to show support by signing the petition. The petition, initiated by Labib, a ShibArmy member, targets 50,000 signatures with 111 signatures received until July 19.
柴犬社區正式向幣安提交了銷燬SHIb的請願書，請求柴犬軍團簽署並表態支持。這個由ShibArmy成員Labib發起的請願書目標是獲得5萬個簽名，截至7月19日已獲得111個簽名。
It asks Binance to implement a daily burn mechanism of 1% for all Shiba Inu token transactions. This step is taken in the interest of pushing the meme coin's price higher for long-term sustainability.
請求幣安對所有Shiba Inu代幣交易實施每日1％的銷燬機制，這樣做是爲了將這個模因幣的價格推高以實現長期可持續性。
Price Action: In the past 24 hours, SHIB is down 0.4%, bringing its seven-day losses to 1.7%>
價格走勢：在過去24小時內，SHIb下跌了0.4％，使其七天的損失達到1.7％。
Also Read: 'Dogecoin Killer' Shiba Inu Burn Rate Up 875% But Price Down 10%: What Is Going On?
也閱讀：‘狗狗幣殺手’柴犬燒烤率上漲875%，但價格下跌10%：發生了什麼？
Why It Matters: Shibariumscan data shows daily transactions up to 6,350 as of July 21 from 3,330 as of July 20. New accounts almost doubled from 11 to 21 during the same period.
Shibariumscan數據顯示，截至7月21日，每日交易次數從7月20日的3330上升到6350。在同一時期內，新帳戶數量翻了近一倍，從11增加到21。
Whale Alert data shows 2.7 trillion SHIB, worth $48.3 million, transferred from Robinhood to an unknown wallet on the weekend. The wallet address is one of the largest SHIB holders, currently owning 36.6 trillion SHIB tokens, worth $654 million. With one whale address holding a significant amount of SHIB, any coin movements could significantly affect the price of SHIB.
大鯨魚數據顯示，值$4830萬的2.7萬億SHIb從Robinhood轉移到一個未知的錢包地址。該錢包地址是最大的SHIb持有者之一，目前擁有36.6萬億SHIb代幣，價值$65400萬。由於一個大鯨魚地址持有大量的SHIb，任何幣的流動都可能顯著影響SHIb的價格。
Benzinga's technical analysis data shows Shiba Inu's RSI at 66.7 on July 21. The 200-day Simple Moving Average (SMA) on the SHIB chart is higher than the 100-day SMA, suggesting a bearish long-term trend. It also implies that recent price action has been less bullish than medium-term price action.
Benzinga的技術面分析數據顯示，7月21日Shiba Inu的RSI爲66.7。 SHIb圖表上的200天簡單移動平均線（SMA）高於100天SMA，表明長期趨勢看淡。這也意味着最近的價格走勢不如中期價格走勢看好。
What's Next: The influence of meme coins is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
接下來：Meme貨幣的影響力預計將在Benzinga即將舉行的數字資產未來活動中得到充分探討，該活動將於11月19日舉行。
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