Shiba Inu $SHIB loses new investors

The decline in the price of SHIB is explained by a sharp decrease in the number of new addresses interacting with the token. Over the past 10 days, the number of new addresses has decreased by almost 40%. The departure of new investors indicates a loss of confidence in the potential for price growth, especially after the recent rally.

The decrease in the number of new addresses indicates a lack of influx of fresh investments. This is often an indicator of a loss of momentum in the market. The fewer investors coming into the market, the weaker the buying pressure. The decrease in interest from new holders creates uncertainty regarding the future dynamics of the meme coin.

However, the retention rate in the Shiba Inu network remains high. The project retains 96% of its investors. This indicates that most SHIB holders prefer to hold onto their coins rather than sell. A high level of trust in the long-term potential of Shiba Inu remains, and there is no panic among holders.

Historically, if the retention level falls below 80%, it indicates an increase in bearish sentiment. However, SHIB is far from that. $C $TREE #Shibalnu