December is shaping up to be a crucial month for the crypto market. Some tokens are gaining traction, while others face challenges. Shiba Inu (SHIB) has seen a drop in whale activity, raising questions about its momentum. Meanwhile, a new presale project, Yeti Ouro (YETIO), is making waves by selling out 80% of its tokens ahead of schedule. Here’s what you need to know about the top cryptos this month.
Shiba Inu: A Decline In Whale Activity
Shiba Inu has long been a favorite among retail investors and whales alike. However, recent metrics indicate a noticeable decline in large-holder activity. According to data from Into The Block, the volume of SHIB transactions over $100,000 has dropped by 73%.
Just 5.72 trillion SHIB tokens were moved in large transactions over the past 24 hours, a significant decline from the 21.23 trillion tokens moved in November. Profit-taking and the fact that the majority of large holders have moved on to buy back into other coins have contributed to this decrease in volume.
While Shiba Inu remains a key player in the meme coin space, this decline in whale activity might spur short-term challenges. SHIB needs more robust community involvement to regain its previous momentum; on a technical level, it must build out the Shibarium Layer 2 network.
Other Cryptos Ascending
Apart from Shiba Inu, several other altcoins are worth watching in December. Over the past week, Filecoin ( FIL) has posted a gain of 33%, while Bittensor ( TAO) and Arbitrum ( ARB) also saw double-digit percentage increases: 13% for Bittensor and 16% for Arbitrum.
These tokens present unique use cases like decentralized storage (Filecoin) or AI-based consensus systems (Bittensor). Consequently, as their latest performance makes clear-- it also underscores the fact that utility-driven projects garner more attention.
Yeti Ouro: The New Viral Presale Capturing Attention
While established tokens like Shiba Inu face hurdles, Yeti Ouro is emerging as a standout project. Built on the Ethereum blockchain, this ERC-20 token combines blockchain gaming with decentralized finance (DeFi), offering a fresh take on crypto innovation.
At the center of Yeti Ouro’s ecosystem is Yeti Go, a Play-to-Earn (P2E) racing game that allows players to use YETIO tokens for in-game activities. Players can compete in high-stakes races, customize their vehicles, and earn rewards. Built on Unreal Engine, the game delivers a high-quality experience that appeals to both gamers and crypto enthusiasts.
The presale for Yeti Ouro has already sold out 80% of its tokens, raising nearly $1 million. This rapid uptake reflects strong demand and growing confidence in the project’s potential. With a capped supply of 1 billion tokens and a burn mechanism to reduce circulation, Yeti Ouro is designed for long-term value appreciation.
Join the Yeti Ouro Community
Website: https://yetiouro.io/
X (Formerly Twitter): https://x.com/yetiouro
Telegram: https://t.me/yetiouroofficial
Discord: https://discord.gg/YtUsEZ2ZrV
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
