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

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

AnchorWatch Launches Bitcoin Custody Service in Nevada

AnchorWatch Trust Company has launched a Bitcoin custody service in Nevada, providing key control options and optional insurance.

user avatarBayarjavkhlan Ganbaatar

Blockchain Association Calls for Clearer DeFi Regulations

The Blockchain Association has called on the US Treasury to clarify regulations surrounding DeFi software and foreign stablecoin issuers under the proposed GENIUS Act.

user avatarMohamed Farouk

Cardano's Innovative Catalyst Pilot Program Emphasizes Real Adoption

Cardano has launched a pilot program under Project Catalyst, selecting 12 teams to address the issue of crypto grant funding leading to actual product usage.

user avatarElias Mukuru

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.