Shiba

Shiba Inu

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Recent on-chain metrics for <a href="https://u.today/shiba-inu-shib-key-dates-are-may-11-and-12-heres-why" rel="noopener noreferrer nofollow">Shiba Inu</a> paint a strong shift on the market landscape, with a 15% decrease in large transactions. This change has significant implications for the token’s market dynamics and potentially its price trajectory in the near <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">future</a>.
This metric, showing a slight 0.32% increase, indicates a marginal rise in the number of new addresses being created on the <a href="https://u.today/shib-burns-skyrocket-5803-with-264-million-shiba-inu-ablaze" rel="noopener noreferrer nofollow">SHIB</a> network. While this is generally a bullish signal suggesting growing interest or new entrants on the market, the minimal increase reflects limited fresh momentum. <img alt="SHIBUSDT" data-entity-type="file" data-entity-uuid="21646676-de4e-46a2-8bc0-955f9c2797fb" src="https://u.today/sites/default/files/inline-images/image_772.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">SHIB/USDT Chart by TradingView</a>
The "In the Money" metric, displaying a neutral 0.30%, represents addresses that are currently profitable based on the purchasing price of SHIB. This neutrality signifies a balance between bullish and bearish sentiment among holders, potentially indicating a holding pattern among investors.
A slight 0.04% increase in concentration suggests a minor rise in the token holdings of the top SHIB addresses. This could be viewed as a subtle bullish signal, implying that some larger holders are possibly increasing their stakes, or fewer addresses are accumulating more <a href="https://u.today/bitcoin-btc-on-verge-of-losing-60000-is-shiba-inu-shib-ready-for-it-solana-sol-forms-reversal" rel="noopener noreferrer nofollow">SHIB</a>.
The 15.66% drop in large transactions over $100,000 is particularly significant. This decrease often signals reduced activity from whales, who are typically capable of swaying the market with their large orders. This reduction could imply a lower confidence level among larger investors, or a shift in strategy toward smaller, less noticeable transactions.
Currently, SHIB is consolidating within a narrowing price range, hinting at an impending volatility spike. The decrease in whale transactions could reduce significant sell-offs or buys, potentially stabilizing the price temporarily. However, the consolidation phase suggests that a breakout could be incoming. The direction of this breakout will likely depend on the rest of the market, rather than SHIB specifically, so we will have to wait and see.&nbsp;

Shiba Inu Whales Disappearing? SHIB Large Transactions Plummet

U_Today

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