Hold On to Your Hats! SHIB’s Netflows Take a Nose-Dive – Can They Bounce Back?

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Well, well, well! Looks like our favorite four-legged crypto, Shiba Inu (SHIB), just took a nosedive off the financial cliff—plummeting by a staggering 44,431% in just a week! 🐶💸 Talk about a wild ride!

According to the statistical wizards over at IntoTheBlock, our furry friend went from a woof-tastic 3.5 trillion SHIB on Feb. 7 to a staggering negative 792.81 billion SHIB by Feb. 8. Yup, folks, that’s not a typo; that’s more drops than a toddler with a chocolate fountain! 🍫🚫

Now, large holders of SHIB are acting like they just spotted a cat in the yard—total freak out! 🐱💨 Large Holders Netflow measures the goings and comings of these whale addresses like a nosy neighbor peeking through the blinds. Positive net flows mean they’re hoarding like squirrels in winter, while negative flows? Oh honey, that’s them running for the hills with their tails between their legs!

Meanwhile, the crypto markets took a hit of 1.82% because everyone’s holding their breath for those U.S. consumer price index (CPI) stats, just like waiting for a bus in the rain. And guess what? Shiba Inu joined the party with a tiny 0.19% drop, sitting pretty at $0.00001584. 🎉🤑

What in the Doghouse is Happening?

Our beloved altcoins (you know, the sidekicks to Bitcoin’s superhero) have recently been tossed out like last week’s leftovers, struggling to get back on their paws. Most of them are undergoing a sell-off more intense than my Aunt Sylvia during a bingo night! 🎤🐕

According to the fortune tellers at Glassnode, we’re witnessing one of the greatest strip-downs of altcoins in history! It’s like “The Great Devaluation,” featuring a whole lot of sad faces and shaking wallets. 🥲💔

While Bitcoin’s market cap towers over at $2.1 trillion (like it’s the king of the castle), our poor altcoins were left crying in the corner, slumping down 29.8%! At this rate, they’ll need therapy! 😅

Even those meme coins, which were once soaring higher than a kite on a windy day, have crashed back to earth! Shiba Inu volumes evaporated 90%, dropping from $2.72 billion to a measly $0.28 billion. 💨💔 It’s like watching a magician make your money disappear right before your eyes!

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2025-02-12 19:43