Shiba Inu Witnesses 15% Drop In Large Transactions
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The on-chain metrics have revealed a 15% decrease in large Shiba Inu transactions. This will have an impact on the token’s market dynamics and its future price trajectory. The metric also shows a slight 0.32% increase indicating a marginal rise in new addresses created on the SHIB network. In the Money metric, a neutral 0.30% represents addresses currently in profits. The neutrality depicts bullish and bearish sentiment. The significant 15.66% drop in large transactions over $100,000 signals reduced activity from whales who are capable of influencing the market with their large orders which signals low confidence among large investors.
