$ 118,214.4
BTC
6.37 %
$ 3,004.79
ETH
7.84 %
$ 0.7241
ADA
14.84 %
$ 689.10
BNB
2.78 %
$ 164.73
SOL
4.26 %

Sujit Kumar
Mar 30, 2024

Shiba Inu's Large Holder Netflow Plunges 1,146%

Shiba Inu's Large Holder
Shiba Inu's market dynamics are under scrutiny as data from IntoTheBlock reveals a significant plunge of 1,146.68% in large holder netflow over the past week. This metric offers insights into the movement of whales or significant holders, indicating accumulation or selling trends.

While the decrease in large holder netflows suggests potential selling pressure, it's crucial to contextualize this within the broader crypto market's volatility. SHIB experienced fluctuations after a recent recovery, indicating uncertainty among investors.

As SHIB trades at $0.00003025, down 2.44% from recent highs, attention turns to large holders whose actions often precede market shifts. A positive spike in large holder netflow from -65.76 billion SHIB to 1.2 trillion SHIB on March 29 brings anticipation for potential market changes.

Meanwhile, the SHIB community awaits a milestone achievement as the cryptocurrency nears 4 million total addresses. With 3.96 million addresses recorded, this milestone reflects growing interest and engagement within the SHIB ecosystem, potentially influencing its future trajectory.

Disclaimer:The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Shiba Inu's Large Holder Netflow Plunges 1,146%
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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