🚀🚀Shiba Inu (SHIB) Suffers as Whale Activity Reduces and Price Drops 15 Percent 🚀🚀
Shiba Inu (SHIB) is currently experiencing a volatile period in the crypto market as large investors withdraw. The decrease in whale holders indicates that a significant amount of tokens are available to potential buyers in the SHIB market.
The current price of SHIB stands at $0.00001329 and trading volumes reflect the downward trend as whales withdraw. Shiba Inu market dynamics have changed dramatically with the exit of large owners, often referred to as whales. This trend is reflected by a sharp decrease in large SHIB-related transactions.
According to the latest data, there has been a significant decline in SHIB's trading volumes; The volume, which exceeded 1 trillion the other day, changed greatly on a weekly basis. While volumes rose to 2 trillion on July 3, they fell to 947 billion on June 29. This volatility highlights the uncertainty in the market. Additionally, on-chain analysis shows that the majority of SHIB holders are not currently in profit, raising bearish expectations.
Stock market metrics also support the bearish trend around the Shiba Inu. While the volume difference between buy and sell orders indicates balance, the lack of bullish signals indicates low buying interest at current prices. The absence of SHIB futures could increase selling pressures, removing investors' ability to hedge against further declines and driving prices lower.
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