Recent data shows a significant decline in Shiba Inu whale activity alongside the stable state of Pi Network, indicating current trends in the crypto market.
Decline in Shiba Inu Whale Activity
Shiba Inu whale transfers have plummeted by 84%, from 24.3 trillion SHIB on June 5 to just 3.83 trillion by June 9. Similar drops in the past have triggered significant price movements. Large holders have also net removed around 262 billion SHIB, indicating reduced confidence.
Though SHIB still holds support around $0.0000119, analysts warn that a break could lead to a much deeper fall, potentially adding another zero. Most traders are currently positioned short. Historically, when SHIB whale activity fades this quickly, price movement often follows. Unless a major catalyst appears, SHIB could stay in the $0.000010 to $0.000017 range.
Pi Network Price Drops Ahead of Update
Pi Network price floats around $0.641, reflecting a modest 1% daily gain but still down roughly 40% from last month's highs. A recent movement of 2 million PI tokens likely represents an OTC purchase from a liquidity wallet, hinting at some bullish interest. However, the mood remains weak, and breaking above $1.20 is seen as critical for rebuilding momentum.
User feedback is mixed. Some hope the June 28 "Pi Day 2" event will bring announcements or listings. Others are frustrated by delays in token delivery for verified users and slow development.
Growing Interest in BlockDAG
BlockDAG is showing promising growth with 1.5 million daily miners using the X1 Miner app. This milestone is often not reached by many top coins even years post-launch. Unlike other projects, which may take years to build a user base, BlockDAG is demonstrating real user engagement and practical adoption at this stage.
Having raised over $297 million in its presale, BlockDAG has also sold more than 22.3 billion coins. The presale price is now frozen at $0.0018 until June 13.
Shiba Inu whale activity has dropped 84%, raising fears of more downward pressure. Pi Network remains stable but is 40% below last month’s highs. In contrast, BlockDAG is demonstrating substantial growth through its presale and active mining.
