Shiba Inu (SHIB) Analysis: Whale Accumulation vs Short-Term Selling Pressure
Shiba Inu (SHIB) Analysis of Current Market Trends
Altcoin analysis shows Shiba Inu (SHIB) has faced a rough week, losing 13% in value. While whale investors remain confident, steadily increasing their holdings, short-term holders (STHs) are selling off their SHIB, impacting the price potential.
Whale Accumulation vs Short-Term Holder Selling
This report on Shiba Inu’s supply distribution highlights significant activity from large holders. A group of whales, holding between 10,000 and 100,000 coins, has increased their holdings from 3.01 billion SHIB to 3.06 billion SHIB, a 2% increase.
- The increase likely reflects SHIB's undervalued status throughout September.
- Negative 30-day and 90-day MVRV ratios suggest SHIB was trading below its historical value.
Impact of Short-Term Holders on the Market
Conversely, short-term holders, particularly those holding for less than 30 days, have adopted a cautious approach. Their sell-off may hinder any significant rallies for SHIB in the upcoming weeks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.