A recent report on Shiba Inu (SHIB) token movements shows a record decline in activity among large holders. This has sparked concern and interest among analysts and investors.
Overview of SHIB's Asset Decline
Recent data shows a 352% drop in netflow from large holders, known as 'whales'. At first glance, such a figure seems mathematically impossible, but analysis of the data reveals that it is actually a result of high volatility in large investor behavior.
Reasons for the Sharp Decline
Over the past week, SHIB experienced a dramatic shift from positive inflows, indicating accumulation, to a sharp outflow of assets, which became the primary cause for such a figure. If 200 trillion tokens flowed into SHIB one week and the same amount flowed out the following week, the delta would be -200 trillion.
Conclusions on SHIB's Current Market State
Despite significant fluctuations, SHIB's price remains relatively stable, holding above three key exponential moving averages. The RSI indicator is currently at 54, suggesting the potential for further upside. Close attention should be paid to the changes in large holder behavior, particularly in meme-driven assets where sentiment can shift rapidly.
While the sharp decline in large holder activity may seem shocking, it is in fact a statistical artifact of netflow volatility rather than a real price dip. Keeping a close eye on these swift changes is important for adequately responding to market dynamics.
