{"id":565227,"date":"2023-12-13T14:30:58","date_gmt":"2023-12-13T14:30:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=565227"},"modified":"2024-06-11T10:49:16","modified_gmt":"2024-06-11T10:49:16","slug":"shiba-inu-1079-4-68-trillion-shib","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-1079-4-68-trillion-shib\/","title":{"rendered":"Shiba Inu Bucks Bearish Trend: Large Holder Netflow Rises 1079% To 4.68 Trillion SHIB"},"content":{"rendered":"

Shiba Inu has been going against the bearish trend recently, especially with the increased adoption of the Shibarium Layer 2 network<\/a>. This time around, it is large holders who are driving the bullish return. Specifically, these large holders have increased their positive net flows by more than 10x.<\/p>\n

Shiba Inu Large Holder Netflow Jumps 1079%<\/h2>\n

According to the on-chain data tracker IntoTheBlock<\/a>, the Shiba Inu large holder net flow has seen a significant rise. These large wallets saw their net flow ( the total difference between inflows and outflows) rise an outstanding 1079% starting from December 10.<\/p>\n

Related Reading: Crypto Analyst Predicts Cardano Price Will Rise 6000% To $33, Here\u2019s The Timeline<\/a><\/div>\n

In total, the net flow of these large wallets came out to a whopping 4.68 trillion SHIB<\/a>. Now, this is important when placed in comparison to the numbers from the previous days which the tracker shows to be just under the 287 billion SHIB<\/a> mark.<\/p>\n

A logical explanation for this massive uptick in net flows is that these whales are looking to take advantage of the low SHIB prices. On December 10, the SHIB price was still trading above $0.00001, which is when the net flows were under 287 billion.<\/p>\n

However, as the SHIB price began to drop, the net flows of these large accounts began to rise. The further the price dropped, the more the whales added to their wallets. This shows a clear intent to accumulate tokens with the belief that the price is poised to bounce back again.<\/p>\n

\"Shiba<\/p>\n

SHIB price falls below $0.00001 | Source: SHIBUSD on Tradingview.com<\/a><\/pre>\n
SHIB Investor Sentiment Turning Bullish<\/h2>\n
The decline in price has understandably eroded investors\u2019 bullishness to a certain degree. But this seems to be short-lived especially as metrics begin to turn toward the upside. The first of these is the SHIB burn rate<\/a> seeing an uptick in the last day.<\/p>\n
Related Reading: XRP Price Prediction: Crypto Analyst Expects 200% Jump As Critical Support Forms<\/a><\/div>\n
Data<\/a> from Shibburn highlights a 49% increase in the burn rate of the meme coin over the last 24 hours. This comes as a total of 2.88 billion tokens were burned<\/a> by the community at this time. Usually, this happens as investors expect a turning point in the price.<\/p>\n
Additionally, the Shiba Inu Fear & Greed Index<\/a> has also managed to maintain a neutral level. This suggests that there is still a good level of bullishness left after the price decline. As long as metrics continue to improve, there could be a turnback toward recovery soon.<\/p>\n
Featured image from CryptoRank, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu has been going against the bearish trend recently, especially with the increased adoption of the Shibarium Layer 2 network. This time around, it is large holders who are driving the bullish return. Specifically, these large holders have increased their positive net flows by more than 10x. Shiba Inu Large Holder Netflow Jumps 1079% According to the on-chain data tracker IntoTheBlock, the Shiba Inu large holder net flow has seen a significant rise. These large wallets saw their net flow ( the total difference between inflows and outflows) rise an outstanding 1079% starting from December 10. Related Reading: Crypto Analyst Predicts Cardano Price Will Rise 6000% To $33, Here\u2019s The Timeline In total, the net flow of these large wallets came out to a whopping 4.68 trillion SHIB. Now, this is important when placed in comparison to the numbers from the previous days which the tracker shows to be just under the 287 billion SHIB mark. A logical explanation for this massive uptick in net flows is that these whales are looking to take advantage of the low SHIB prices. On December 10, the SHIB price was still trading above $0.00001, which is when the net flows were under 287 billion. However, as the SHIB price began to drop, the net flows of these large accounts began to rise. The further the price dropped, the more the whales added to their wallets. This shows a clear intent to accumulate tokens with the belief that the price is poised to bounce back again. SHIB price falls below $0.00001 | Source: SHIBUSD on Tradingview.com SHIB Investor Sentiment Turning Bullish The decline in price has understandably eroded investors\u2019 bullishness to a certain degree. But this seems to be short-lived especially as metrics begin to turn toward the upside. The first of these is the SHIB burn rate seeing an uptick in the last day. Related Reading: XRP Price Prediction: Crypto Analyst Expects 200% Jump As Critical Support Forms Data from Shibburn highlights a 49% increase in the burn rate of the meme coin over the last 24 hours. This comes as a total of 2.88 billion tokens were burned by the community at this time. Usually, this happens as investors expect a turning point in the price. Additionally, the Shiba Inu Fear & Greed Index has also managed to maintain a neutral level. This suggests that there is still a good level of bullishness left after the price decline. As long as metrics continue to improve, there could be a turnback toward recovery soon. Featured image from CryptoRank, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":565230,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,89178,84473,89716,83667,89157,86781,84562,84558,14896,89615],"class_list":["post-565227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-news","tag-shib-price","tag-shib-price-performance","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-whales","tag-shibusd","tag-shibusdt","tag-whale","tag-whale-news"],"acf":[],"yoast_head":"\nShiba Inu Bucks Bearish Trend: Large Holder Netflow Rises 1079% To 4.68 Trillion SHIB<\/title>\n<meta name=\"description\" content=\"Shiba Inu has been going against the bearish trend recently, especially with the increased adoption 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Bucks Bearish Trend: Large Holder Netflow Rises 1079% To 4.68 Trillion SHIB","url":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-1079-4-68-trillion-shib\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-1079-4-68-trillion-shib\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu.jpeg?fit=1040%2C530"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib news","shib price","shib price performance","shiba inu","shiba inu news","shiba inu whales","shibusd","shibusdt","whale","whale news"],"dateCreated":"2023-12-13T14:30:58Z","datePublished":"2023-12-13T14:30:58Z","dateModified":"2024-06-11T10:49:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Bucks Bearish Trend: Large Holder Netflow Rises 1079% To 4.68 Trillion SHIB\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-1079-4-68-trillion-shib\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-1079-4-68-trillion-shib\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Shiba-Inu.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Shiba-Inu.jpeg?fit=1040%2C530\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib news\",\"shib price\",\"shib price performance\",\"shiba inu\",\"shiba inu news\",\"shiba inu whales\",\"shibusd\",\"shibusdt\",\"whale\",\"whale news\"],\"dateCreated\":\"2023-12-13T14:30:58Z\",\"datePublished\":\"2023-12-13T14:30:58Z\",\"dateModified\":\"2024-06-11T10:49:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu.jpeg?fit=1040%2C530","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/565227"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=565227"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/565227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/565230"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=565227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=565227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=565227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}