As a seasoned researcher with years of experience tracking cryptocurrency trends, I must say that the recent surge in large-scale transactions within Shiba Inu (SHIB) has piqued my interest. Having witnessed numerous market fluctuations, I’ve learned to read between the lines of such data points.
As an analyst, I’ve just noticed a significant surge in large-scale transactions involving Shiba Inu (SHIB) over the past 24 hours. The transaction volume in USD has jumped from approximately $10.95 million to an impressive $39.6 million. This surge has also resulted in a massive increase in the total number of SHIB tokens in circulation, with the figure climbing from 628.55 billion to a staggering 2.34 trillion tokens.
In the specified duration, there was a significant surge in Shiba Inu transactions involving large investors, with as many as 147 trades exceeding $100,000 each.
As a seasoned crypto investor with years of experience under my belt, I can’t help but be intrigued by the recent spike in significant transactions involving Shiba Inu (SHIB). It seems that the “whales” are showing increased interest, and I must admit, this piques my curiosity. The question that arises is: what could possibly be driving these moves in the popular meme-based cryptocurrency?
When whales are engaged in their activities, it might imply that they are either accumulating more tokens or preparing for a sale. Regardless, such actions could significantly influence the price trend of the Shiba Inu token.
Regrettably for Shiba Inu (SHIB) supporters, the pattern of inflows and outflows seems to indicate a bearish sentiment in this market. Over the period we examined, the Large Holders Netflow metric shifted from a positive inflow of 79.95 billion SHIB to a significant outflow of 575.3 billion SHIB.
This change in netflow shows that large holders may be selling SHIB instead of buying it.
To put it simply, the recent surge in Shiba Inu (SHIB) transactions by large investors indicates a bearish trend according to current on-chain analysis. Instead of hoarding SHIB, these big players appear to be transferring their holdings out of their wallets, which suggests that there might not be any bullish signs for SHIB in the near term, raising questions about its future prospects.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD PHP PREDICTION
- TON PREDICTION. TON cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- USD COP PREDICTION
- LUNC PREDICTION. LUNC cryptocurrency
- Strongest Magic Types In Fairy Tail
- USD ZAR PREDICTION
- GLMR PREDICTION. GLMR cryptocurrency
- ENA PREDICTION. ENA cryptocurrency
2024-11-04 14:24