🦈🦈🦈Shiba Inu Soars 1,058% From Beginning Levels As SHIB Whales Make Epic Moves
The dog-themed cryptocurrency #ShibaInu (#SHIB ) saw a positive increase in the net flow of large holders by 1,058%, indicating a significant shift in whale activity in the Sunday. This surge is indicative of a broader trend of accumulation by these large owners, often referred to as "whales"."
The large retainer net flow from within the block is a critical metric that provides insights into the change in the whales' positions. It is calculated by measuring the input volume minus the output volume for these addresses.
An increase in this metric can be interpreted as an accumulation, while a decrease may suggest a reduction of sales or positions. In the case of Shiba Inu, the increase of 1,058% may indicate solid buying activity, as whales seem to be accumulating SHIB.
Several factors can contribute to this epic movement of SHIB whales. The recent price drop on the ship may have offered a purchase window for the whales, which allowed them to obtain a significant amount of SHIB at a discount.
This is common among large owners or whales who want to take advantage of market corrections to strengthen their position. Dec.
Basic levels for monitoring the SHIB price
Since the SHIB price is targeting a new move after days of selling, the next price December that the bulls will target will be the $0.000028 and $0.000030 levels, where 59,080 addresses bought 21.13 trillion SHIB at an average price of $0.000029.
December Decembers, on the other hand, if the declines continue and the SHIB loses its current trading range, the next support range to emerge is between $ 0.000019 and $ 0.000024, where 42.84 trillion SHIB was bought by 70,370 addresses at an average price of $ 0.000022.
Interesting trend has been seen
The on-chain analytics firm IntoTheBlock detects an intriguing trend that suggests a huge influx of new traders buying meme coins. This is because the number of addresses holding meme coins for less than 30 days reached a record high last month.
