Shiba Inu: Growing Market Trend<\/h2>\n
While the market sentiment seems still negative, the current trend of Shiba Inu<\/a> shows a developing resilience. According to Santiment, while the broader crypto market was marked by fear and uncertainty, the negative sentiment in SHIB has gone down dramatically by 718% within just one day.<\/p>\n This sharp decline in percentage indicates growing investor pessimism, especially considering the fact that the price of SHIB had dropped from its weekly high at $0.00001929 below $0.000017. But this silver lining, as it is, shows that the 7-day sentiment for SHIB has spiked upward by over 2,800% and might be an antidote for the asset to get a bounce-back.<\/p>\n \ud83d\udc3b Crypto markets have corrected alongside equities as traders increase speculation that the bull rally has come to an end. With crowd optimism transitioning to doubt, these are the $500M+ market cap projects showing the best upside based on buying into the crowd FUD:<\/p>\n 1\u20e3\u2026 pic.twitter.com\/OvnvlWdSus<\/a><\/p>\n \u2014 Santiment (@santimentfeed) October 23, 2024<\/a><\/p><\/blockquote>\n What is even more interesting is that it may be an opportunity for brilliant traders to play along. If the sentiment went bearish, then, generally speaking, price moved in the opposite direction. In the case of weighted sentiment being positive at 339% for 30 days for SHIB, hope is still not completely lost and maybe, it will be rallying within the coming days.<\/p>\n The significant increase in large-holder inflows is particularly telling. Over the last three months, these inflows surged by 554.88%, indicating that major investors see value in accumulating SHIB at current prices. In fact, there was also a 163% increase in inflows over the past month, and even a modest uptick of 1.29% in the last week.<\/p>\n Despite these positive indicators from large holders, trading volume has seen a slight decline of 5.23% in one day. This drop indicates that many investors are still hesitant to make significant moves in this volatile environment. They may be waiting for clearer signals before committing to trades.<\/p>\n\n
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<\/p>\nWhale Activities Up<\/h2>\n
Larger Holders End August With Neutral Positions<\/h3>\n
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