#shiba⚡ Major $SHIB holders executed a significant dump, releasing 13 trillion tokens. This action contributed to a steep 41.75% price dip year-to-date, underperforming other meme coins.
Key players include early investors and institutional participants. Their actions have turned the Large Holder Netflow sharply negative, with an increase in transaction volume by 228% over 24 hours. According to blockchain analytics data from IntoTheBlock, “whale wallets have been offloading SHIB at an alarming rate… Large Holder Netflow… has plunged by a negative 736.46% in the past seven days.”
The asset primarily affected is #SHIB , with ripple effects throughout the cryptocurrency market. Token burns have surged by 3,145% as a countermeasure, though broader market trends influence longer-term effects. #Write2Earn