Why Did Shiba Inu (SHIB) On-Chain Transactions Just Collapse by 95%?
The post Why Did Shiba Inu (SHIB) On-Chain Transactions Just Collapse by 95%? appeared on BitcoinEthereumNews.com. A strange statistical glitch has been recorded with the Shiba Inu (SHIB) coin. In just one day, the number of on-chain transactions collapsed by 95% — from a peak of 78,558 transfers to a modest 3,922, according to CryptoQuant. This powerful spike on July 6 became the largest for SHIB since last October. However, the speed with which the metrics returned to normal turned the situation into a real on-chain detective story. Usually, such jumps happen when a major crypto exchange is cleaning up its wallets and massively moving client funds into secure cold storage. But this time, that logic failed, as on-chain data from the analytics platform Arkham showed that on July 6, exchange flow charts were completely empty. Ripple-Operated Rail Dropped by Major Software Company XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet