Shiba

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
An alarming trend began to emerge behind the scenes of the&nbsp;<a href="https://u.today/cardano-ada-looks-out-of-position-is-solana-sol-ready-to-give-up-shiba-inu-shib-massive-price" rel="noopener noreferrer nofollow">Shiba Inu token (SHIB)</a>, with key metrics showing the activity of the big players, or whales as they are known in the crypto space, saw a dramatic drop in their values.
As on-chain data from&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a> indicates, the volume of large transactions of the popular meme cryptocurrency fell 42.86% to 3.56 trillion SHIB over the past 24 hours. In monetary terms, this decline was reflected in a drop in transactions with a minimum size of $100,000 from $162.45 million to $91.87 million. In total, there were 201 such transactions during the period under review. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="433ce5ca-efa9-42db-94b5-33ce91d0d418" src="https://u.today/sites/default/files/inline-images/shib_218.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
A significant drop in the activity of Shiba Inu whales was reflected in a decrease in outflows and inflows to wallets that hold at least 0.1% of the circulating supply of the popular meme cryptocurrency. Thus, according to the Large Holders Inflow indicator, inflows to wallets of this scale decreased seven times overnight, reaching a value of only 501.2 billion SHIB.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="bce32b7f-8508-41b8-92cc-c6ff77fdfc50" src="https://u.today/sites/default/files/inline-images/shibitb_5.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
As for outflows, the picture is similar, and their figure fell to 499.54 billion&nbsp;<a href="https://u.today/shiba-inu-key-metric-skyrockets-by-61-as-shib-whales-return" rel="noopener noreferrer nofollow">SHIB</a>, which is 86% lower than the day before.
<h2 dir="ltr" id="shiba-inu-shib-price-outlook">Shiba Inu (SHIB) price outlook</h2>
The drop in activity of major SHIB players occurred amid not-the-most-inspiring price action of the second largest meme cryptocurrency. Thus, the price of the Shiba Inu token clearly printed the fourth lower high on the daily chart after the March price pump of almost 400%.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="a883fb66-8905-4ff4-8784-ddc30558a189" src="https://u.today/sites/default/files/inline-images/shibprice_8.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
This action can hardly be seen as positive, and the picture on the&nbsp;<a href="https://u.today/shiba-inu-key-metric-skyrockets-by-61-as-shib-whales-return" rel="noopener noreferrer nofollow">SHIB price</a> chart, besides clearly symbolizing a decrease in volatility, does not prophesy a repeat of the successes of a month ago in the near future - at least until the price of the Shiba Inu token breaks not only the March high but also the previous one, which was in early April.
The decline in whale activity only adds credence to this, given that their actions are determinant in this cycle of liquidity and trend shifts.

Shiba Inu (SHIB) Whales Disappear

目錄

U_Today

在 2024年4月26日發表的其他文章

SEI Cryptocurrency Experiences Strong Recovery After Sharp Decline

Shiba Inu (SHIB) Teases Big Plans for Shibarium Hard Fork: Details

Bitcoin Miner Marathon Digital Sets Goal to Double Hash Rate by 2024 End

All Eyes Are on PEPE, BONK, and BLP – Cryptos Ready for Gains

The Bitcoin Effect: How WIF, MVP, and BONK Follow BTC’s Market Trends

Credefi Price Prediction: CREDI Soars 12% As This Green AI Transportation Presale Races Towards $...

訂閱免費電子報，每天收取加密貨幣最新動態！