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

US Treasury Department Moves to Cut MEXC Global from Financial System

The US Treasury Department has taken action against MEXC Global, a cryptocurrency exchange, to sever its ties with the American financial system due to accusations of facilitating over $16 billion in illicit transactions linked to Iran, North Korea, and Russia.

user avatarLucas Weissmann

Political Fallout from Ueno Bank Crisis in Paraguay

The Ueno Bank crisis has triggered significant political repercussions in Paraguay, including the resignation of President Santiago Peña and potential impeachment proceedings.

user avatarFilippo Romano

Greece Enhances Crypto Tax Transparency Measures

Greece will implement new reporting and documentation requirements for cryptocurrency purchases starting in 2027 to ensure funds come from declared income or lawful sources.

user avatarTomas Novak

Greece Introduces 10% Tax on Crypto Investment Profits

Greece introduces a 10% tax on individual crypto investment gains starting January 1, 2027.

user avatarEmily Carter

Gnosis Pay Implements Enhanced Security Measures Following Breach

Gnosis Pay has implemented enhanced security measures, including 3D Secure for online payments and increased fraud monitoring, following a data breach.

user avatarMaya Lundqvist

Gnosis Pay Reports Data Breach Affecting Customer Information

Gnosis Pay reported a data breach where hackers accessed customer information through its card system, prompting immediate containment measures.

user avatarKaterina Papadopoulou

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.