The Shiba Inu cryptocurrency, themed around dogs, has experienced a significant jump in one important on-chain statistic as we move into 2025. Based on data from IntoTheBlock, the large holder netflows of Shiba Inu – which track the shifts in positions held by large investors or ‘whales’ – have soared an astounding 1,079%!
On January 3rd, Shiba Inu experienced a reverse in its outflow of approximately 177.74 billion SHIB, transforming it into an inflow of 67.52 billion SHIB on January 4th. This shift signifies a significant increase.
The Large Holder Netflow is an essential on-chain measurement that sheds light on the investment habits of significant players. This tool offers a peek into the transactions of big investors, often known as whales. A positive netflow signifies these large holders are expanding their investments, whereas a negative netflow could imply they might be offloading.
For Shiba Inu, the rise in big investors holding the coin may suggest that whales are stockpiling it. This pattern could serve as a positive sign for SHIB, since the Shiba Inu ecosystem anticipates major developments by 2025, which could drive up its value.
Members of the Shiba Inu community are eagerly awaiting the upcoming TREAT launch on January 14th. The Treat X team announced on Twitter: “Make sure to save the date, it’s going to be spectacular! Only 10 days remain until TREAT takes center stage.
The TREAT token is anticipated to boost privacy features using Full Homomorphic Encryption (FHE), with the goal of fundamentally transforming the way data is managed within blockchain systems.
Shiba Inu price
Currently, as I’m typing this, Shiba Inu has dropped by 3.66% over the past 24 hours to a price of $0.0000237. However, it’s seen a weekly increase of 9%. This upward trend started at the beginning of the year.
On New Year’s Eve of 2024, Shiba Inu started a continuous upward trend from its lowest point at $0.0000218, representing four consecutive days of progress. This surge peaked at $0.00002492 during the trading session on Saturday, but then it began to dip again.
Considering the current situation, a significant level to keep an eye on as the trend goes downwards is approximately $0.00002. If this level gets broken, Shiba Inu (SHIB) might potentially drop to around $0.0000188 or its daily Simple Moving Average 200.
In simpler terms, reaching the middle point in today’s Relative Strength Index (RSI) implies that for a brief period, trading within a specific price range might be beneficial. However, if the price consistently surpasses the 50-day Simple Moving Average (SMA) at $0.0000255, it could escape its current price range and initiate a new upward trend for SHIB.
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2025-01-05 19:00