{"id":550627,"date":"2023-09-09T09:10:21","date_gmt":"2023-09-09T09:10:21","guid":{"rendered":"https:\/\/wncen.com\/?p=550627"},"modified":"2024-06-11T10:46:55","modified_gmt":"2024-06-11T10:46:55","slug":"shiba-inu-tallies-77-accumulation-by-major-investors-good-for-shib-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-tallies-77-accumulation-by-major-investors-good-for-shib-price\/","title":{"rendered":"Shiba Inu Tallies 77% Accumulation By Major Investors – Good For SHIB Price?"},"content":{"rendered":"

Shiba Inu (SHIB) seems to have hit a rough patch in recent times, as its price struggles to gain traction in the volatile crypto market. Investors who witnessed a major rally between mid-June and mid-August are now grappling with the harsh reality that these gains have been almost entirely wiped out.<\/span><\/p>\n

As we enter the final quarter of the year, Shiba Inu’s price has exhibited a rather lackluster performance. The token has teetered dangerously close to its July\/August lows, casting a shadow of doubt over the optimism that once surrounded it. In fact, a <\/span>recent price analysis <\/span><\/a>indicates that SHIB has given up over 70% of its gains achieved during its summer surge.<\/span><\/p>\n

Related Reading: XLM Surges With 10% Rally \u2013 Can The Recovery Hold Its Ground?<\/a><\/div>\n

Currently, SHIB is trading at $0.00000762, as reported by <\/span>CoinGecko<\/span><\/a>. Over the last 24 hours, it has experienced a modest 0.3% decline, while the seven-day chart shows also shows an insignificant loss of 2.8%. <\/span>These figures underscore the prevailing bearish sentiment that has engulfed the Shiba Inu token since mid-August, with the Relative Strength Index (RSI) remaining below the crucial 50-neutral level.<\/p>\n

\"\"SHIB weekend price action. Source: Coingecko<\/pre>\n
Shiba Inu Large Holders Up<\/strong><\/h2>\n
Amidst the challenging period of price volatility that Shiba Inu (SHIB) has been experiencing, there has been a noteworthy development that has captured the attention of market observers within the Shiba Inu network.<\/p>\n
According to data sourced from IntoTheBlock, a prominent analytics platform, there has been a notable surge in the concentration of SHIB tokens held by large investors. This shift in ownership dynamics is indeed a significant development in the Shiba Inu ecosystem and may hold the potential to influence the trajectory of the token’s price.<\/p>\n
\"\"<\/p>\n
Source: IntoTheBlock<\/pre>\n
Related Reading: XRP Bottom Support Holds Strong: A Healthy Sign For The Crypto\u2019s Price?<\/a><\/div>\n
The data presented in the chart below clearly illustrates this compelling trend, with a striking 77% increase in the number of holders of this meme coin. This surge in the number of holders represents a noteworthy uptick in the distribution of SHIB tokens among a broader spectrum of participants in the market.<\/p>\n
Such an increase in the holder base suggests a growing interest and participation in the Shiba Inu project, which in turn could serve as a catalyst for renewed optimism and potential price appreciation.<\/p>\n
<\/p>\n
SHIB market cap currently at $4.49 billion on the weekly chart: TradingView.com<\/a><\/pre>\n
SHIB Outlook<\/strong><\/h2>\n
Meanwhile, as the fate of Shiba Inu remains uncertain in the short term, the increased attention from whales adds an element of intrigue to the story. As the crypto community watches with bated breath, the question remains: Are the whales positioning themselves for a resurgence of SHIB, or is there more to this story than meets the eye?\u00a0<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Zipmex<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) seems to have hit a rough patch in recent times, as its price struggles to gain traction in the volatile crypto market. Investors who witnessed a major rally between mid-June and mid-August are now grappling with the harsh reality that these gains have been almost entirely wiped out. As we enter the final quarter of the year, Shiba Inu’s price has exhibited a rather lackluster performance. The token has teetered dangerously close to its July\/August lows, casting a shadow of doubt over the optimism that once surrounded it. In fact, a recent price analysis indicates that SHIB has given up over 70% of its gains achieved during its summer surge. Related Reading: XLM Surges With 10% Rally \u2013 Can The Recovery Hold Its Ground? Currently, SHIB is trading at $0.00000762, as reported by CoinGecko. Over the last 24 hours, it has experienced a modest 0.3% decline, while the seven-day chart shows also shows an insignificant loss of 2.8%. These figures underscore the prevailing bearish sentiment that has engulfed the Shiba Inu token since mid-August, with the Relative Strength Index (RSI) remaining below the crucial 50-neutral level. SHIB weekend price action. Source: Coingecko Shiba Inu Large Holders Up Amidst the challenging period of price volatility that Shiba Inu (SHIB) has been experiencing, there has been a noteworthy development that has captured the attention of market observers within the Shiba Inu network. According to data sourced from IntoTheBlock, a prominent analytics platform, there has been a notable surge in the concentration of SHIB tokens held by large investors. This shift in ownership dynamics is indeed a significant development in the Shiba Inu ecosystem and may hold the potential to influence the trajectory of the token’s price. Source: IntoTheBlock Related Reading: XRP Bottom Support Holds Strong: A Healthy Sign For The Crypto\u2019s Price? The data presented in the chart below clearly illustrates this compelling trend, with a striking 77% increase in the number of holders of this meme coin. This surge in the number of holders represents a noteworthy uptick in the distribution of SHIB tokens among a broader spectrum of participants in the market. Such an increase in the holder base suggests a growing interest and participation in the Shiba Inu project, which in turn could serve as a catalyst for renewed optimism and potential price appreciation. SHIB market cap currently at $4.49 billion on the weekly chart: TradingView.com SHIB Outlook Meanwhile, as the fate of Shiba Inu remains uncertain in the short term, the increased attention from whales adds an element of intrigue to the story. As the crypto community watches with bated breath, the question remains: Are the whales positioning themselves for a resurgence of SHIB, or is there more to this story than meets the eye?\u00a0 (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Zipmex<\/p>\n","protected":false},"author":557,"featured_media":550632,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,3],"tags":[1144,8686,83767,4735,84473,83667],"class_list":["post-550627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-price-action","tag-shib-price","tag-shiba-inu"],"acf":[],"yoast_head":"\nShiba Inu Sees Increase In Accumulation By Major Investors<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) seems to have hit a rough patch in recent times, as its price struggles to gain traction in the volatile crypto market. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Tallies 77% Accumulation By Major Investors – Good For SHIB Price?","url":"http:\/\/wncen.com\/news\/shiba-inu-tallies-77-accumulation-by-major-investors-good-for-shib-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-tallies-77-accumulation-by-major-investors-good-for-shib-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-31.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-31.png?fit=757%2C405"},"articleSection":"All","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","meme coins","price action","shib price","shiba inu"],"dateCreated":"2023-09-09T09:10:21Z","datePublished":"2023-09-09T09:10:21Z","dateModified":"2024-06-11T10:46:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Tallies 77% Accumulation By Major Investors – Good For SHIB Price?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-tallies-77-accumulation-by-major-investors-good-for-shib-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-tallies-77-accumulation-by-major-investors-good-for-shib-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/a-31.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/a-31.png?fit=757%2C405\"},\"articleSection\":\"All\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"meme coins\",\"price action\",\"shib price\",\"shiba inu\"],\"dateCreated\":\"2023-09-09T09:10:21Z\",\"datePublished\":\"2023-09-09T09:10:21Z\",\"dateModified\":\"2024-06-11T10:46:55Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-31.png?fit=757%2C405","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550627"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=550627"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/550632"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=550627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=550627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=550627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}