MEME COIN SHIBA inU is The downward pressure facedThe price reflects the decrease in the time frame for both 24 hours and seven days. Furthermore, the on -fin data clarifies the similar tendency of A. Significant decrease in large -scale transactions, We raise concerns about the decline of whale activities. The latest number of Intotheblock shows that the large number and amount of large transactions in the SHIBA INU ecosystem are decreasing rapidly.
SHIBA INU Large transactions are suffering from 61 % crash
The recent data absorbed from the on -eaer analysis platform Intotheblock opens interesting dynamics in the large address that holds the shiba inu. These interesting dynamics are nothing but whale activities that have been hit in the past 24 hours.
The tendency between the large SHIBA inu address is Intotheblock Large transaction metricTrack the data surrounding transactions at a value of $ 100,000 or more. This metric works as a valuable tool for evaluating market emotions. Because this captures the movement of valuable investors, the actions often affect the actions of retailers.
The increase in large -scale transactions is generally related to growing confidence and accumulation, but as observed in the past, sudden decrease can shift to attention. Therefore, the recent decrease in large -scale trading activities means that investors are profitable or carefully maintained.
Surprisingly, the number of transactions that sharply dropped from 353 to 136 within the past 24 hours. This suggests that a 61 % decline, and many major holders may be away from the market due to lack of bullish conviction.
Not only did the number of large -scale transactions decrease, but also the overall transaction amount, including major transactions, has been hit. Data from Intotheblock has revealed that the total volume of Shibu, which has been transferred in these high -value transactions, has decreased by about 55 % to 3.05 trillion shibu in the past 24 hours. With regard to US dollars, this will decrease by 58 % to $ 128.9 million to $ 54.74 million.
How does this affect the price of Shibu?
A sharp decrease in large transactions can have a serious effect on the price of SHIBA INU, especially in the short term, especially if whale activities do not recover quickly. This decline in whale activities has already contributed to the price The decline of MemcoinIn the past 24 hours and seven days, I witnessed a decrease of 2.7 % to 9.5 % respectively.
With this decline, SHIBA INU was seen Lost support at $ 0.000020That was higher than the next support of $ 0.000018. However, if the activity of whales continues to decrease, the risk of further decreasing will be $ 0.000018. The price of Shibu may continue to decrease without the renewal of whales. Lack of strong buying order Make it more vulnerable to volatility and weak sentiment.
Special image of Adobe Stock, Chart of TradingView.com
