Major Shiba Inu (SHIB) Investors Offload Trillions Amid Uncertainty

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As a seasoned researcher with years of experience in the cryptocurrency market, I’ve seen my fair share of bull runs and bear markets. The recent trend in the behavior of major investors towards Shiba Inu (SHIB) has raised some eyebrows, especially given its popularity among retail investors.

Over the past 24 hours, it’s been discovered that major investors have shown concerning patterns with the trendy meme-based cryptocurrency Shiba Inu (SHIB). This revelation comes from data provided by IntoTheBlock. Specifically, the net flow of Shiba Inu tokens has moved into negative territory, meaning that 205.85 billion SHIB were flowing out, but now -155.45 billion SHIB are flowing in instead. This shift represents a decrease of approximately 361.3 billion SHIB tokens.

Analyzing the details further, we found a significant rise in net outflows, amounting to approximately 2,830 billion SHIB during the reviewed period, marking an increase of 117%. Notably, inflows also experienced a substantial growth, rising by 77.48%, with a total of 2.68 trillion SHIB entering on that day. It’s important to note that for these metrics, we only consider addresses holding at least 0.1% of the circulating Shiba Inu token supply.

According to the available information, it appears that many major players, or even a smaller group of the biggest Shiba Inu token holders, are choosing to sell off their tokens from their investment portfolios.

Shiba Inu (SHIB) price: What’s next?

Over the past month, starting from early November, the value of the Shiba Inu token has seen a significant increase, rising approximately 41% overall. If we compare its lowest point in November to its highest, this journey covers over 86%.

Viewed from here, the current actions of what are called whales don’t show an immediate intention to purchase the token. It’s important to clarify that this doesn’t automatically mean they’re actively selling either. Instead, it seems their focus might be elsewhere for now.

To initiate certain actions and make informed decisions regarding investment, it’s advisable to monitor the price trends on the chart of the widely recognized meme cryptocurrency, SHIB. Once its price reaches a significant level that allows for clear capital investment decisions, we can then observe the choices made concerning the token.

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2024-11-19 18:46