Shiba Inu: Impact of Large Investors on Cryptocurrency Price

user avatar

by Giorgi Kostiuk

2 years ago


The activity of large investors in the Shiba Inu (SHIB) market has sharply increased, drawing attention to a potential bull flag in the price chart.

Increase in Large Investor Activity

According to data from IntoTheBlock, major SHIB holders have shown significant activity, purchasing nearly 500 billion tokens in a day. The Large Holders Inflow metric, which tracks transactions by large investors, doubled to 492.81 billion SHIB. During the same period, outflows totaled 382.94 billion SHIB, resulting in a net inflow of 109.87 billion coins to these wallets.

Price Analysis and Bull Flag

As large investors accumulate SHIB, the cryptocurrency's price chart shows possible formation of a bull flag. Despite the price dip over the past four days, there have been no rapid sell-offs. Previously, SHIB rose by 20% in two days, which could be considered a correction before further potential growth.

Potential Market Implications

If the bull flag is confirmed, SHIB's price may rise above $0.00003, potentially explaining the optimism of large investors inclined towards growth.

The sharp increase in the activity of large SHIB holders might signal upcoming positive changes in the market. Investor attention to this activity might herald price increases for the cryptocurrency.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Anchorage Digital Enhances Stablecoin Infrastructure with LayerZero Partnership

Anchorage Digital has partnered with LayerZero to enhance its regulated stablecoin infrastructure, enabling seamless crosschain movement of stablecoins.

user avatarMohamed Farouk

ARK Venture Fund Receives SEC Approval for Innovative Investment Classes

ARK Venture Fund has received SEC approval to create two new investment product classes: Exchange Class and Tokenized Class.

user avatarElias Mukuru

Sui Maintains Over $1 Billion in DeFi Liquidity

Sui continues to hold more than $1 billion in decentralized finance liquidity, with active on-chain trading.

user avatarDiego Alvarez

EigenLayer Surpasses $11 Billion in Total Value Locked

EigenLayer has achieved a significant milestone by moving back above the $11 billion mark in total value locked, indicating strong economic security in the Ethereum restaking sector.

user avatarKenji Takahashi

ZetaChain Token Holders Approve Migration to Solana

ZetaChain token holders have approved the migration of ZETA to the Solana blockchain, transitioning to a native SPL token while maintaining its ticker and total supply.

user avatarGustavo Mendoza

Hyperliquid Achieves $140 Billion in Perpetual Trading Volume

Hyperliquid generated approximately $140 billion in perpetual trading volume over a 24-hour period on September 21.

user avatarMaria Fernandez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.