Shiba

Token

Shiba Inu

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-token-faces-significant-investor-confidence-drop/" data-wpel-link="internal">Shiba Inu Token Faces Significant Investor Confidence Drop</a><br></p>
<p style="text-align: justify">The popular meme token <strong><a href="https://en.coin-turk.com/2024-a-pivotal-year-for-shiba-inu/" data-wpel-link="internal">Shiba</a> Inu (<a href="https://en.coin-turk.com/shiba-inus-price-recovery-and-active-address-surge/" data-wpel-link="internal">SHIB</a>)</strong> seems to be experiencing a significant drop in investor confidence. This situation occurred after a single organization, believed to be controlled by one person across 11 wallets, liquidated a massive amount of 533.6 billion SHIB tokens.</p> 
<h2 id="massive-transaction-in-shib">Massive Transaction in SHIB</h2> 
<p style="text-align: justify">A sale worth $15.99 million in the <strong>stablecoin</strong> DAI, pegged to the US dollar, took place about 24 hours ago. The transaction was disclosed by blockchain analysis firm Spot On Chain, which noted that the seller made a substantial gain of $8.24 million or 106% in less than a month.</p> 
<p style="text-align: justify">The SHIB community is filled with speculation about the seller’s next move, especially considering that the 11 wallets still hold the acquired DAI. The question on everyone’s mind is which <strong>token</strong> or tokens will attract the attention of this significant investor next.</p> 
<p style="text-align: justify">The mentioned large transaction has cast a shadow over SHIB’s recent rally. Despite a 0.21% increase in the last 24 hours bringing SHIB’s current price to $0.00003033, the overall market sentiment appears to be cooling. Major market indicators support this view, with SHIB’s 24-hour trading volume decreasing by 32.27% to $550.84 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-335651 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/shib-3.jpg" alt="" width="2276" height="1200"></p> 
<h2 id="shiba-inu-analytical-reports">Shiba Inu Analytical Reports</h2> 
<p style="text-align: justify">Additionally, data obtained from the cryptocurrency analytics platform <strong>CoinGlass</strong> shows that open positions in Shiba Inu have decreased by 1.51% in the last 24 hours, currently standing at $107.40 million. Open interest can represent the total number of outstanding derivative contracts, such as unpaid options or futures.</p> 
<p style="text-align: justify"><strong>Shiba Inu</strong>‘s decline in this indicator may signal a decrease in trading excitement and possibly a shift in investor strategy. The developments brought about by the significant sale wave will continue to be a focal point for both SHIB enthusiasts and the broader cryptocurrency market as they collectively address the challenges and opportunities presented by such market movements.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/shiba-inu-token-faces-significant-investor-confidence-drop/" data-wpel-link="internal">Shiba Inu Token Faces Significant Investor Confidence Drop</a></h5>

Shiba Inu Token Faces Significant Investor Confidence Drop

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