Investor confidence and demand for $SHIB are falling

On-chain data from Glassnode confirms a decrease in interest in the meme coin. The number of unique addresses participating in Shiba Inu transactions for the first time has decreased by 30% over the last two weeks. The decline in new user activity significantly affects the short- and medium-term prospects of SHIB. Without a constant influx of new participants, buying activity is declining. This makes it difficult for the price to break out of the current downtrend.

Moreover, the Holder Retention Rate has sharply fallen. According to Glassnode, it reached a two-month low of 96.096% yesterday. This metric reflects the percentage of holders who keep their tokens for a certain period. A high level indicates confidence in the future of the asset, while a decline suggests growing uncertainty or dissatisfaction among investors. In the case of SHIB, more and more investors are exiting their positions. This means increased selling pressure. $ERA $NOT #Shibalnu