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Dog-Themed Cryptocurrency Shiba Inu (SHIB) has seen a remarkable increase in a key on-chain metric as it approaches 2025. Shiba Inu large holder net flows, which measure the changing positions of large holders, or “whales,” according to data from IntoTheBlock. ”, skyrocketed by an astonishing 1,079%.
By In the blockShiba Inu reversed negative net flows of 177.74 billion SHIB on January 3 to a positive net flow of 67.52 billion SHIB on January 4, marking an increase.
Large Holder Netflow is a crucial on-chain metric that provides insights into the behavior of major investors. The indicator provides insight into the buying and selling activity of large holders, commonly known as whales. A positive net flow indicates that large holders are increasing their positions, while a negative net flow suggests that they might sell.
In the case of the Shiba Inu, the massive increase in net flows from large holders could indicate substantial accumulation by whales. This trend could be a bullish signal for SHIB, as 2025 is expected to bring significant progress for the Shiba Inu ecosystem.
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The TREAT token is expected to introduce privacy improvements via fully homomorphic encryption (FHE), aiming to revolutionize data management in the blockchain.
Shiba Inu Price
At the time of writing, Shiba Inu was down 3.66% over the past 24 hours at $0.0000237 and up 9% for the week, against the backdrop of a rise prior to beginning of the year.
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Shiba Inu started to rise on the last day of 2024, from a low of $0.0000218, marking four consecutive days of gains. The rally reached a high of $0.00002492 during Saturday’s session before starting to decline.
In light of this, the key level to watch on the downside would be $0.00002 if the decline continues. If this level is breached, SHIB could fall to $0.0000188 or the daily SMA 200.
The daily RSI just at the midpoint suggests the possibility of very short-term range trading. A sustained break above the daily 50 SMA at $0.0000255 would push SHIB price out of its current range and start a new uptrend.