- Shiba Inu’s large holder net flow surged by an impressive 1079% from December 10.
- The SHIB burn rate escalated by 49%, indicating investor anticipation for a potential price shift.
- Despite a price decline, the Shiba Inu Fear & Greed Index remains neutral, suggesting the potential for recovery.
Shiba Inu (SHIB) has displayed a staggering surge in large holder net flow, marking a whopping 1079% increase since December 10. This notable upswing in net flow underscores a significant accumulation trend among large SHIB wallets.
During this period, these large wallets witnessed a substantial influx, totaling an astonishing 4.68 trillion SHIB. This surge stands in stark contrast to previous days, where net flows hovered around the 287 billion SHIB mark. The sudden spike in net flow has piqued interest, signaling a strategic move by substantial holders to capitalize on the lower SHIB prices.
This surge aligns with a decline in SHIB’s value, prompting these larger accounts to increase their holdings as the price dipped below $0.00001. As the price continued to falter, the accumulation in these large accounts intensified, indicating a deliberate strategy to accumulate tokens in anticipation of an impending market rebound.
Moreover, alongside the surge in net flow, there has been a notable 49% upsurge in the SHIB burn rate over the last 24 hours. This spike, amounting to a total burn of 2.88 billion tokens, typically signals investor anticipation for an impending shift in the token’s value.
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Despite the recent price downturn, the Shiba Inu Fear & Greed Index has managed to maintain a neutral stance. This suggests that despite the temporary decline, there remains a substantial level of bullishness among investors. This optimism prevails as several metrics begin to show signs of improvement, indicating a potential turnaround for SHIB’s market sentiment and valuation.
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