๐จ๐ฆLoose SHIB Drops 15.9% Despite Large Holder Activity ๐
๐ SHIB's price plummeted 15.9% monthly, despite a 1,115% surge in large holder netflow ๐.
๐ค What's behind this discrepancy?
๐ธ Large holders reducing their stake, possibly due to:
๐ Profit-taking
๐ Breaking even
๐ Additionally, the general crypto market is facing a downturn ๐, with most major-cap altcoins hitting their monthly lows.
๐ Key factors contributing to SHIB's price drop:
๐ Large holder netflow surge
๐ Profit-taking and breaking even
๐ General crypto market downturn
๐ Bearish market sentiment
๐ Despite increased large holder activity, SHIB's market performance remains in a downtrend ๐.
๐ What's next for SHIB?
๐ Will large holders continue to reduce their stake?
๐ Can SHIB recover from this price drop?
๐ Stay tuned for more updates on SHIB's market performance!
