Shiba

Accumulate

Shiba Inu

<p><strong>After a prolonged absence, whales may be returning to purchase battered meme token Shiba Inu in a potentially bullish sign of renewed conviction, <a href="https://x.com/0xNerdBot/status/1709475036229431414?s=20" target="_blank" rel="nofollow">according </a>to on-chain analytics service NerdBot.</strong></p> 
<p>Analysis identified fresh wallet clusters accumulating SHIB over recent days, breaking a months-long streak of distribution by large holders. This uptick in acquisitions among newer money indicates a shift in big-player sentiment.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="576" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-75-1024x576.png" alt="" class="wp-image-348506" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-75-1024x576.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-75-300x169.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-75-768x432.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-75-1536x864.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-75-2048x1152.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-75-267x150.png 267w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-75-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-75-622x350.png 622w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-75-788x443.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-75.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Notably, an anonymous whale known as 0xb75 withdrew nearly $2.13 million worth of SHIB from Coinbase across three transactions in the past few weeks. Such large-scale movements to self-custody wallets often precede long-term holds.</p> 
<p>The on-chain activity comes as SHIB hovers near all-time lows, declining over 85% from its peak. But historically, extended bear markets eventually entice opportunistic whales to build positions in discounted assets.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="576" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-76-1024x576.png" alt="" class="wp-image-348514" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-76-1024x576.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-76-300x169.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-76-768x432.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-76-1536x864.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-76-2048x1152.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-76-267x150.png 267w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-76-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-76-622x350.png 622w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-76-788x443.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-76.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>While still early, the recent data may suggest a slow pivot toward this accumulation phase for SHIB as deep pessimism dissuades weaker hands. If renewed whale interest persists, it could precede a broader change in trend.</p> 
<p>Of course, short-term volatility remains likely as whales test support levels with market sales. But their renewed participation provides a glimmer of positive momentum after SHIB’s brutal selloff.</p> 
<p>Ultimately, if major holders sustain accumulation, it validates SHIB’s lingering appeal and signals potential bargain-hunting among savvy traders during extreme fear conditions.</p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>74% of retail CFD accounts lose money.</strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a rel="nofollow" href="https://captainaltcoin.com/on-chain-activity-hints-at-growing-appetite-for-shiba-inu-are-whales-starting-to-finally-accumulate-shib/">On-chain Activity Hints at Growing Appetite for Shiba Inu, Are Whales Starting to Finally Accumulate SHIB?</a> appeared first on <a rel="nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

On-chain Activity Hints at Growing Appetite for Shiba Inu, Are Whales Starting to Finally Accumulate SHIB?

목차

CaptainAltcoin

2023년 10월 4일에 게재된 다른 기사

As yen weakens and interest peaks, Bank of Japan balances on a policy precipice

How to Become a Web3 Game Developer

Jury selection in Sam Bankman-Fried trial extended

The VanEck Ethereum Strategy ETF is scheduled to list on the CBOE.

Where Will Redemption Of Depository Shares Lead The PNC Share?

Flare and Avascan Block Explorer Team Join Forces to Unveil Flarescan Ecosystem Explorer

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!