The post SHIB whales exit meme positions, new altcoin sees capital inflows appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While data shows that SHIB whales are exiting meme positions at a high rate, capital is flowing to a new viral altcoin, DTX. Shiba Inu (SHIB) whales are making moves, and the crypto market is taking notice. With the Shiba Inu price struggling and key technical indicators flashing warning signs, major holders are exiting their meme coin positions at an unprecedented rate. At the same time, a new player, DTX Exchange (DTX), is attracting serious investor interest with its trading platform, high-leverage opportunities, and rumors of an upcoming exchange listing. SHIB’s price declines Shiba Inu has had a disastrous few weeks. The meme coin is currently trading at around $0.0000189, down 5.97% on the weekly chart and 12% in the past month. Experts suggest a major selloff could begin if the $0.000010 support is lost, potentially leading the Shiba Inu price to add one more zero to it. Technical indicators such as the MACD and the 20-VWMA indicate a potential downswing. However, the Commodity Channel Index and the 9-HMA point to a Shiba Inu price bounce. This uncertainty is making SHIB investors seek new horizons like DTX Exchange. Notably, SHIB whales are historically known for exiting meme positions to enter projects with high potential. DTX Exchange: The next disruptor in crypto trading DTX Exchange is a soon-to-be-launched platform that is all set to be the first crypto-native platform to offer over 120,000 commodities under its platform, saving DTX users from the hassle of switching different platforms. VulcanX, its layer-1 blockchain, will facilitate this revolutionary aim. The platform just released its testnet, which processed a transaction in less than 0.4 milliseconds and offered an anticipated TPS of over 200,000, differentiating…