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.