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7.5 Trillion Shiba Inu (SHIB) Outflow: What's Happening?
A massive 7.5 trillion Shiba Inu (SHIB) outflow has been detected, indicating significant changes in investor sentiment. This enormous token movement suggests that major holders are selling off their SHIB, which could increase selling pressure and cause a substantial price drop .
According to on-chain data, the seven-day outflow surged by 699.84%, with large holder inflows increasing by 455.78% .
This could mean that whales are profiting from the situation, possibly selling off their holdings.
The timing of this outflow is interesting, as it follows a significant price drop of around 40% in SHIB's value over the weekend .
The price has since rebounded by around 40%, but the outflow suggests that some investors are losing confidence.
The current price of SHIB is around $0.0000164, with a market capitalization of $9,652,470,622 . The cryptocurrency's rank has dropped to #20, and its 24-hour trading volume is $508,102,614 .
It's essential to keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. If you're considering investing in SHIB or any other cryptocurrency, make sure to do your own research and consult with financial experts.
A massive 7.5 trillion Shiba Inu (SHIB) outflow has been detected, indicating significant changes in investor sentiment. This enormous token movement suggests that major holders are selling off their SHIB, which could increase selling pressure and cause a substantial price drop .
According to on-chain data, the seven-day outflow surged by 699.84%, with large holder inflows increasing by 455.78% .
This could mean that whales are profiting from the situation, possibly selling off their holdings.
The timing of this outflow is interesting, as it follows a significant price drop of around 40% in SHIB's value over the weekend .
The price has since rebounded by around 40%, but the outflow suggests that some investors are losing confidence.
The current price of SHIB is around $0.0000164, with a market capitalization of $9,652,470,622 . The cryptocurrency's rank has dropped to #20, and its 24-hour trading volume is $508,102,614 .
It's essential to keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. If you're considering investing in SHIB or any other cryptocurrency, make sure to do your own research and consult with financial experts.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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