Shiba Inu's Large Holder Netflow Spike Raises Concerns

By
Konrad Kato
1 min read

The recent negative 1,146.68% netflow spike of Shiba Inu (SHIB), a dog-themed cryptocurrency, has sparked concerns within the cryptocurrency market. The drop in large holder netflows suggests reduced positions or selling of SHIB, although the broader context of the volatile crypto market should also be considered. Despite recovering from a low, SHIB is currently experiencing losses. However, a positive turn is evident with a surge in large holder netflow from negative to positive. Additionally, the approaching milestone of 4 million total addresses for SHIB reflects growing interest and confidence in the cryptocurrency, signaling strength and user engagement. Investors are advised to monitor further developments, as the actions of large holders can precede significant market shifts.

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