Shiba Inu Netflow Shows Unusual 352% Decline Amid Volatile Whale Activity
Main Idea
Shiba Inu's netflow from large holders dropped by 352% due to rapid outflows, but the token price remained stable, indicating resilience and a maturing market.
Key Points
1. Shiba Inu’s netflow declined by 352% as whales exited positions, yet the price stayed stable near $0.0001400.
2. On-chain data shows large holders reduced SHIB balances between July 24-26 after earlier accumulation phases.
3. SHIB’s price resilience is supported by technical indicators like the 20, 50, and 100-day exponential moving averages and a neutral RSI.
4. Smaller investors are absorbing supply, contributing to price stability despite whale outflows.
5. The 352% netflow decline highlights SHIB’s growing market maturity and investor confidence.
Description
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