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Large SHIB Holders Move Billions: What’s Next for Shiba Inu?
Shiba Inu, the world’s second-largest meme coin, is showing signs of distress as major investors pull out significant holdings. According to recent blockchain data, a previously dormant Shiba Inu wallet has transferred over 100 billion SHIB tokens to Binance. Simultaneously, approximately 3.6 trillion SHIB—worth around $43.6 million—was sent to Coinbase, raising concerns among the crypto community.
Changing Transaction Patterns Reflect Market Anxiety
On-chain analytics further reveal a significant shift in Shiba Inu’s transaction trends. Micro-transactions valued under $10 have dropped by more than 12%, while large-scale transfers between $100,000 and $1 million have surged by an astonishing 1,600%. Historically, such a spike in large transactions often signals a bearish outlook and is observed near the end of bullish cycles.
Shiba Inu Struggles at Key Support Levels
From a technical perspective, SHIB is currently hovering around a critical historical demand zone that has previously provided robust price support. However, analysts warn that if this support fails, Shiba Inu could slide towards the $0.0000057 level, intensifying market fears.
Outlook: Can SHIB Buyers Reclaim Control?
With whales moving out and retail interest waning, Shiba Inu's near-term future remains precarious. If buyers cannot defend these crucial support zones, the likelihood of further price declines increases, suggesting turbulent times ahead for SHIB holders and the broader meme coin ecosystem.
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