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These Shiba Inu holders could drive price up by 30%

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Shiba Inu’s price currently needs help finding a clear direction, with its key momentum indicators signaling a weakening trend and reduced momentum. This indicates a consolidation period for the leading meme coin, where neither bullish nor bearish forces dominate.

However, this has created a favorable buying opportunity for large investors who have gradually accumulation the coin over the past few days. If SHIB whales successfully trigger a broader market buying frenzy, the cryptocurrency could experience a 32% gain. But how soon can this happen?

Shiba Inu Whales Spot an Opportunity 

Since entering a sideways trend, Shiba Inu’s price has encountered resistance at $0.000018 and found support at $0.000016. A key indicator of this consolidation is the tightening gap between the upper and lower bands of its Bollinger Bands.

The Bollinger Bands, which measure market volatility, are useful for identifying potential overbought or oversold conditions. When the distance between the bands narrows, it signals decreasing volatility, suggesting the asset is trading within a tighter range. This low-volatility phase often precedes a breakout, where a sharp price move may occur as volatility rises once more.

Read more: Shiba Inu (SHIB) Price Prediction 2024/2025/2030

Shiba Inu Bollinger Bands
Shiba Inu Bollinger Bands. Source: TradingView

This consolidation phase, where neither bullish nor bearish sentiment dominates the market, has created an attractive entry point for whales. BeinCrypto’s assessment of Shiba Inu whale activity has revealed that these large investors have steadily increased their holdings.

According to Santiment’s data, the count of Shiba Inu whales that hold between 10,000 and 1,000,000 coins has spiked by 0.4% over the past few days. 

Shiba Inu Supply Distribution
Shiba Inu Supply Distribution. Source: Santiment

Moreover, the inflow of large holders has climbed by 15% over the past seven days, confirming their buying activity. When large holders’ inflows increase, it indicates that whales are moving significant amounts of the asset into their wallets. This is a bullish signal that can also prompt retail investors to buy an asset, which will contribute to driving up its value.

Shiba Inu Large Holders Inflow.
Shiba Inu Large Holders Inflow. Source: IntoTheBlock

SHIB Price Prediction: All Rests With These Large Holders

If the surge in whale accumulation triggers widespread buying, Shiba Inu’s price could break out of its tight range and enter an uptrend. The price would likely surge past the $0.000018 resistance level and rally toward $0.000020 — a price last seen in June.

Read more: How To Buy Shiba Inu (SHIB) and Everything You Need To Know

Shiba Inu Price Analysis.
Shiba Inu Price Analysis. Source: TradingView

However, if whale activity declines, Shiba Inu’s price may remain stuck in its narrow trading range longer than anticipated. This could also lead to a potential drop below the $0.000016 support level, with the price possibly retreating to $0.000010.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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PiFest Celebrates Success – But Pi Coin Value Keeps Falling

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Pi Network recently celebrated a milestone with its first PiFest in the Open Network, showcasing impressive participation numbers. 

However, despite the event’s success, the value of Pi Coin (PI) continues to plummet, sparking concerns among its community of Pioneers.

PiFest Fails to Bolster Pi Coin’s Value

Pi Network’s team announced the results of its first PiFest, a community-driven event designed to integrate PI into local commerce. According to the post, over 125,000 registered and 58,000 active sellers participated in the event. In addition, 1.8 million Pioneers utilized the Map of Pi app for transactions. 

The event facilitated a wide range of purchases, from groceries and clothing to professional services like design and automotive repairs, showcasing PI’s growing utility in the real world.

“PiFest is more than a celebration—it exemplifies and demonstrates Pi’s real-world utility. With Open Network fully live, PiFest shows how Pi can support genuine commerce and empower local economies worldwide,” the blog read.

Despite these achievements, the event failed to bolster PI’s market performance. According to data from CoinGecko, PI has fallen to the 31st position in the rankings. Currently, Pi Coin is trading 78.7% below its peak value. Meanwhile, it’s just 3.1% above its lowest recorded price

As of press time, Pi Coin’s trading price was $0.6, a decline of 8.2% over the past day. Additionally, over the past 30 days, the token has experienced a significant drop of 64.5%.

Pi Coin value
Pi Coin Price Performance. Source: BeInCrypto

This sharp downturn has fueled negative sentiment within the community.

“The comments are getting more and more negative from this accounts tweets. Finally looks like “some people” are waking up to this being a failure in terms of what promises were sold of what this would be, and obviously is not,” a user posted on X.

Meanwhile, users are increasingly considering converting their PI holdings to other assets amid the altcoin’s ongoing struggles to maintain its value. In fact, a Pioneer openly debated trading their PI for 1 Ethereum (ETH).

“Shortly after Pi launched, my holdings were worth around €7,000. I decided to hold onto them, expecting a potential Binance listing or a major announcement from the team—something that never happened. Now, my Pi is worth around €1,700, and I feel extremely disappointed,” a user wrote on Reddit.

The post sparked a heated discussion, with some users encouraging the trade, citing Ethereum’s more established market position. Despite this, many still continue to advocate for PI, believing in its long-term potential.

“Be patient. Trust the process. Believe in the Pi core team, developers, ecosystem and the community. Do not spread FUD. Hold your Pi. Never sell cheap. You will be rewarded big time in the future,” a Pioneer posted.

As the community grapples with the token’s underperformance, opinions remain divided. The outcome of this ongoing debate will likely depend on future developments and the Pi Network’s ability to regain investor confidence.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Stablecoin Regulation Bill Passes US House as Market Heats Up

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The US House Financial Services Committee voted 32-17 to pass the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025, aimed at stablecoin regulation. 

This legislative milestone comes amid growing activity in the stablecoin market. Competition is heating up as major traditional financial institutions prepare to enter the space.

STABLE Act Passes Committee Vote 

Chairman French Hill and Representative  Bryan Steil spearheaded the legislation (H.R. 2392). It seeks to establish a robust framework for stablecoin issuance, mandating 1:1 reserve backing, monthly audits, and AML requirements. 

“This legislation is a foundational step toward securing the future of financial payments in the United States and solidifying the dollar’s continued dominance as a world reserve currency,” Representative Steil remarked.

The bill’s passage saw bipartisan support, with six Democrats voting in favor. Notably, this comes shortly after the US Senate Committee on Banking, Housing, and Urban Affairs greenlit the GENIUS Act. The bill passed in a bipartisan 18-6 vote. 

“The bills await debate time on the floor and a vote in their respective chambers,” Journalist and Host of Crypto In America, Eleanor Terrett, noted.

According to Terrett, efforts are underway to align the two bills closely over the next few weeks. The aim is to address differences between the bills. Aligning them will make it easier to proceed without creating additional complications.

“If they can get them to be in relatively the same place on their own, it will avoid having to set up a so-called conference committee which is formed so members from both chambers can negotiate to create a final version of the bill everyone agrees on,” she added.

Stablecoin Competition Heats Up, but Are There Signs of a Purge?

The drive for legislation occurs alongside rising activity in the stablecoin market. Global players are joining the fray.

For instance, in Japan, Sumitomo Mitsui Banking Corporation (SMBC) and major entities have signed a Memorandum of Understanding (MoU). The MoU initiates joint discussions on the potential use of stablecoins for future commercialization. 

“This Agreement will see SMBC, Fireblocks, Ava Labs, and TIS collaborate to develop a framework for stablecoin issuance and circulation, including exploring key technical, regulatory, and market infrastructure requirements both in Japan and further afield. This Joint Discussion will not only focus on pilot projects but will aim to concretely define use cases for ongoing business applications,” the notice read.

In addition, Bank of America’s CEO previously revealed plans to launch a stablecoin once proper regulation is in place. Notably, BeInCrypto reported last month that the Office of the Comptroller of the Currency (OCC) had granted national banks and federal savings associations permission to provide crypto custody and certain stablecoin services.

That’s not all. The state of Wyoming is set to launch its own stablecoin, WYST, in July. Fidelity has also announced similar plans. Moreover, President Trump-backed World Liberty Financial officially launched its USD1 stablecoin in late March. This highlights continued interest in stablecoin adoption across both private and public sectors.

Meanwhile, Ripple announced the integration of its Ripple USD (RLUSD) into Ripple Payments. Changpeng Zhao (CZ), former CEO of Binance, reacted to the development on X.

“Stablecoin war, I mean healthy competition, just getting started,” CZ said.

As competition intensifies, the stablecoin market is also facing growing pains. Despite new entrants gaining traction, some players face heightened scrutiny. 

Justin Sun, founder of Tron (TRX), recently accused First Digital Trust of insolvency. Following Sun’s allegations, First Digital USD (FDUSD) temporarily depegged.

The market’s future may hinge on the survival of only the most compliant and resilient stablecoins. This leads to a potential “purge” where weaker players fail to meet the increasing regulatory and market demands.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Ethereum Price Recovery Stalls—Bears Keep Price Below $2K

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Ethereum price attempted a recovery wave above the $1,880 level but failed. ETH is now trimming all gains and remains below the $1,880 resistance zone.

  • Ethereum failed to stay above the $1,850 and $1,880 levels.
  • The price is trading below $1,850 and the 100-hourly Simple Moving Average.
  • There was a break below a key bullish trend line with support at $1,865 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must clear the $1,865 and $1,890 resistance levels to start a decent increase.

Ethereum Price Fails Again

Ethereum price managed to stay above the $1,800 support zone and started a recovery wave, like Bitcoin. ETH was able to climb above the $1,850 and $1,880 resistance levels.

The bulls even pushed the price above the $1,920 resistance zone. However, the bears are active near the $1,950 zone. A high was formed at $1,955 and the price trimmed most gains. There was a break below a key bullish trend line with support at $1,865 on the hourly chart of ETH/USD.

A low was formed at $1,781 and the price is now consolidating near the 23.6% Fib retracement level of the downward move from the $1,955 swing high to the $1,781 low.

Ethereum price is now trading below $1,850 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,850 level. The next key resistance is near the $1,865 level and the 50% Fib retracement level of the downward move from the $1,955 swing high to the $1,781 low.

Ethereum Price
Source: ETHUSD on TradingView.com

The first major resistance is near the $1,920 level. A clear move above the $1,920 resistance might send the price toward the $1,950 resistance. An upside break above the $1,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $1,865 resistance, it could start another decline. Initial support on the downside is near the $1,800 level. The first major support sits near the $1,780 zone.

A clear move below the $1,780 support might push the price toward the $1,720 support. Any more losses might send the price toward the $1,680 support level in the near term. The next key support sits at $1,620.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now below the 50 zone.

Major Support Level – $1,780

Major Resistance Level – $1,865



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