The post Major Shiba Inu (SHIB) Investors Offload Trillions Amid Uncertainty appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. An alarming pattern in the behavior of major investors regarding popular meme-inspired cryptocurrency Shiba Inu (SHIB) has been revealed in the last 24 hours. Thus, as revealed thanks to data from IntoTheBlock, Shiba Inu’s net token flow has dipped into negative territory over the past day, traveling from 205.85 billion SHIB to -155.45 billion SHIB, representing a decline of 361.3 billion tokens. Related Digging deeper into the metrics, net outflows totaled 2.83 trillion SHIB during the period under review, a 117% increase. However, the number of inflows also increased, by 77.48%, totaling SHIB 2.68 trillion for the day. Importantly, only addresses that hold at least 0.1% of the circulating supply of Shiba Inu tokens are considered in the calculation of metrics.  Source: IntoTheBlock Based on the data, one can conclude that the current trend among the majority of large participants, or among a minority of the largest SHIB holders, is to get rid of the tokens in their portfolios.  Shiba Inu (SHIB) price: What’s next? Since the beginning of November, the price of the Shiba Inu token has grown by 41%, and if we take the lows of the month and its highs, it turns out that it has traveled a path of more than 86%. SHIB to USD by CoinMarketCap From this point of view, the behavior of…

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Filed under: News - @ November 19, 2024 9:26 pm