SHIB’s Big Move: 130 Trillion Tokens in Profit!

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🚨 SHIB‘s Big Move: 130 Trillion Tokens in Profit! 🚨

SHIB’s Big Move: 130 Trillion Tokens in Profit!

Mon ami, it seems the Shiba Inu is on the move! 🐕 130 trillion SHIB tokens are currently in profit, as the popular canine coin prepares for its next grand gesture. Ah, but what does this mean, you ask? 🤔

According to the esteemed on-chain data, 130.83 trillion SHIB tokens worth $1.76 billion are presently profiting, or “in the money” at SHIB’s present price. Ah, but what does this mean, you ask? 🤔 Does it mean we shall all be rich, or shall we be left with naught but a handful of worthless tokens? 🤣

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At the time of writing, Shiba Inu was up 3% in the last 24 hours to $0.00001349, as meme coins saw a boost alongside other cryptocurrencies due to market optimism fueled by the Federal Reserve’s plans for two rate cuts in 2025. Ah, the Federal Reserve, always a source of excitement and intrigue! 😏

Shiba Inu has steadily risen since March 22 and has marked three straight days of gains since then, with the token presently up 7% weekly. Today’s movement culminated in highs of $0.0000137, where SHIB encountered slight profit taking. Ah, but what does this mean, you ask? 🤔 Does it mean we shall all be rich, or shall we be left with naught but a handful of worthless tokens? 🤣

How Shiba Inu behaves around the short-term barrier between $0.0000137 and $0.0000138 would determine its next move. A sustained break would target the daily SMA 50 at $0.00001415, which has the potential for massive gains for SHIB price with targets at the daily SMA 200 at $0.00001915 and $0.000029. On the other hand, support is envisaged at $0.00001082 if the Shiba Inu price faces rejection at the said barrier. Ah, but what does this mean, you ask? 🤔 Does it mean we shall all be rich, or shall we be left with naught but a handful of worthless tokens? 🤣

Meme coins benefit from market optimism

Meme coins, as highly speculative assets, frequently react strongly to broader crypto market patterns, providing retail traders with higher-risk, higher-reward options. Ah, but what does this mean, you ask? 🤔 Does it mean we shall all be rich, or shall we be left with naught but a handful of worthless tokens? 🤣

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Last week, the Federal Reserve upgraded inflation forecasts and reduced growth projections, while retaining plans for two rate cuts in 2025, which boosted risk assets. Ah, the Federal Reserve, always a source of excitement and intrigue! 😏

This has fueled market optimism, and meme coins are leading the way, with numerous tokens in the category reporting strong weekly increases. Ah, but what does this mean, you ask? 🤔 Does it mean we shall all be rich, or shall we be left with naught but a handful of worthless tokens? 🤣

Retail traders frequently perceive relief in majors as a sign of positive sentiment throughout the crypto ecosystem, as they pursue higher-risk, higher-reward alternatives such as meme coins, which are typically cheaper and can yield fast gains in relatively short periods of time. Ah, but what does this mean, you ask? 🤔 Does it mean we shall all be rich, or shall we be left with naught but a handful of worthless tokens? 🤣

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2025-03-25 14:34