The broader cryptocurrency market is experiencing relative stability despite heightened geopolitical tensions overseas. While Bitcoin sees minor fluctuations—hovering down around 0.5% on the day—most major cryptocurrencies remain relatively flat.
Amid this calm, Shiba Inu stands out with an impressive 3% intraday gain, outperforming many assets in both the meme coin sector and the larger crypto market. One of the key drivers behind Shiba Inu’s surge appears to be a significant uptick in whale activity.
According to on-chain data from IntoTheBlock, large transaction volume for $SHIB has skyrocketed by 249% over the past 24 hours, reaching approximately $62 million, or 3.36 trillion $SHIB tokens.
These large transactions, typically involving over $100,000, often signal renewed interest from institutional investors or major holders. After several quiet weeks with little whale movement, this sudden spike suggests that accumulation may be underway, possibly setting the stage for a future price breakout.
Historically, whale accumulation during periods of low prices often precedes significant upward momentum, as it indicates growing confidence among the market’s largest players.
Source – ClayBro on YouTube
Shiba Inu Price Prediction
Following a recent pullback from highs of $0.00001362, Shiba Inu tested support levels around $0.0000114 during a three-day selloff. However, the current recovery has brought the price back to $0.00001219.
This rebound from recent lows demonstrates resilience within the $SHIB market, even as Bitcoin remains slightly down on the day. The current support zone around $0.0000115 has held firm, providing a foundation for the recent upward movement.
The broader direction of Shiba Inu, however, remains closely tied to Bitcoin’s performance, which continues to exert strong influence across the cryptocurrency landscape.
Solaxy Approaches Final Presale Phase With Full Network Launch Scheduled Soon
Meanwhile, attention also turns to Solaxy (SOLX), which is generating growing interest as its initial coin offering nears completion. With just under two days remaining, the presale is approaching its final phase, giving investors a limited window to participate.
The project’s presale has already raised an impressive $50.5 million, with each token priced at $0.00176. Investors can stake their holdings at 82% APY, with over 13 billion $SOLX tokens currently staked.
Solaxy has positioned itself as the world’s first Layer 2 solution for the Solana blockchain, designed to enhance scalability, reduce congestion, and improve overall network efficiency.
Unlike some projects that require long development timelines, Solaxy’s network is scheduled to be fully operational within the current month. Key features, including the blockchain explorer and bridge functionalities, are already live, offering users an early glimpse into its capabilities.
Neptoon, a decentralized exchange, and the Ignite Protocol, which allows users to create and deploy their own crypto projects on the Solaxy chain, are set to launch soon.
Adding to the momentum, Cantina XYZ has introduced a competition with a $30,000 USDC prize pool open until June 30, encouraging participants to examine Solaxy’s architecture through a security-focused challenge that fosters deeper community involvement.
Solaxy’s growing popularity is evident through its expanding community, which now exceeds 74,000 followers on X. The easy purchasing process supports multiple wallets, such as Best Wallet, allowing users to buy tokens directly with either crypto or fiat options.
As sentiment in the broader market remains cautiously optimistic, Solaxy’s strong fundamentals, rapid development, and clear utility within the Solana ecosystem position it as a promising contender for future growth.
In parallel, market participants continue to diversify their holdings, not only accumulating established tokens like Bitcoin and Shiba Inu but also exploring emerging opportunities such as Solaxy.
The stability seen across much of the crypto market, combined with renewed whale activity and promising new projects, provides a cautiously optimistic backdrop for investors looking ahead to the remainder of the year.
With strong fundamentals, an ambitious roadmap, and a rapidly expanding community, Solaxy is positioning itself as a serious contender in the crypto market.
Many observers are watching closely, expecting the project’s full launch to generate significant momentum in the near future. To take part in the $SOLX token presale, visit solaxy.io.
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