Something strange happens behind the scenes of Shiba Inu (Shib) As great actors, or to put it more familiarly – whales – have been less active, and the figures tell a clear story.
Chain data of Intothebloc shows a sharp drop in large transactions. The last 24 hours have seen a 55.63% drop in transactions worth $ 100,000. This represents 1.93 billion of sand changing the hands, of 4.35 billions. In dollars, the volume increased from $ 65.59 million to $ 30.87 million. Not a small decline. Only 70 large transactions took place during this period.
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And the slowdown does not stop there. Portfolios having at least 0.1% of the SHIB supply have extensions of extension overnight. Large holders flock metric? Down 91.14%. A stunning fall of 3.8 Billions Salogner only 336.75 billion. The usual activity of these portfolios? Not there.
But outings? A different story. They pulled, increasing by 378%. This means 1.13 Billion of Shib who left large wallets in a single day, much higher than before. Redistribution, unloading – something changes.
In the meantime, the Shib price did not move much. After the volatility and liquidations last week, it seemed to be stuck. He hasn’t moved since Tuesday. He only had a little life on Friday, climbing around 8% over the weekend. Could it be a break? It is still too early to say.
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With the great players who take a step back, the market is in a way in a way guessing what is happening. Do they expect something? Or are they repositioned? Or something bigger on the horizon? The next shib movements will probably depend on whether these large holders remain silent or will return in roar.