NFT News Today TheBittimes.com

Shiba Inu could surge in value as the latest data from Nansen shows that 8 trillion coins were moved from cryptocurrency exchanges to self-custody wallets in the last 30 days. The development pushed SHIB’s price to a monthly high of $0.00001340 on Friday. In addition, investors accumulated the dips on the dog-themed token in hopes of Federal Reserve interest rate cuts. The 8 trillion movement of Shiba Inu coins from exchanges to self-custody wallets highlights that investors remain hopeful on the token. They did not jump ship by selling the holdings and continue to hold on to the tokens in their self-custody wallets. Despite its price stagnation this year, SHIB has barely experienced a domino effect type of sell-off. Also Read: How Many Shiba Inu Holders Are Actually in Profit & Loss Today? Source: Nansen Also, the 8 trillion Shiba Inu coins that were moved from exchanges to self-custody wallets are worth $107 million. Exchange outflows to self-custody wallets mostly lead to a bul...

A market intelligence firm is warning traders that leverage is building up in Ethereum (ETH), creating volatility risk for bulls. In a new thread on the social media platform X, the crypto analytics platform Altcoin Vector says that leverage risk is building within the second-largest digital asset by market cap despite ETH’s most recent price rise being backed by the spot market and exchange-traded funds (ETFs). “ETH Futures OI (open interest) just hit a new ATH (all-time high) – double since May – and price is climbing with it. Unlike late 2024, this rise is backed by ETF inflows and spot momentum, but… OI at historic levels is a double-edged sword. Conviction is back, but leverage risk is building.” Source: Altcoin Vector/X Ethereum is trading for $3,771 at time of writing, a fractional increase on the day. Moving on to Solana (SOL) challenger Sui (SUI), Altcoin Vector says that the layer-1 chain looks like it’s picking up momentum that...