Shiba Inu whale activity could finally be returning to adequate levels after the crash we witnessed which was followed by the poor performance of the SHIB token in the market. Things are developing rapidly and you should keep an eye on the on-chain data to SHIB.
Shiba Inu whale activity might finally be back to proper levels after the drop we have witnessed, followed by the poor performance of the SHIB token in the market. Things are developing rapidly and you should keep an eye on the on-chain data for more information. CHIBI.
SHIB has recorded 47 significant transactions in the last day, suggesting that major holders are becoming more active. This follows a notable decline in the number of large transactions, which peaked on June 29 at 47. The recent activity is a notable recovery, suggesting that whales are showing signs of renewed interest.
SHIB recorded a staggering 947.8 billion tokens moved in a single day in terms of transaction volume. This increase comes after a seven-day peak of 6.24 trillion SHIB on June 24. Large holders may be increasing or spreading their holdings as indicated by the sharp increase in volume. More modest values were seen last week in terms of whale-level transactions.
Alex DovbnyaSHIB price has not changed much despite the increase in on-chain activity. With the price currently hovering around $0.00001709, the chart indicates that SHIB has found it difficult to maintain its bullish momentum.
To signal a reversal of the bullish trend, SHIB must break above the resistance levels represented by the 26-day, 50-day, and 200-day EMAs. There is a mixed sentiment in the market regarding SHIB overall.
The Bulls and Bears indicator shows a fight between buyers and sellers that is almost balanced, with a small advantage for the bears. This suggests that the market as a whole remains cautious about SHIB’s near-term performance and is unlikely to become a buyer in the near future.
