Ah, the illustrious Shiba Inu (SHIB), that delightful little meme-inspired cryptocurrency that has recently decided to play hide and seek with the headlines. One moment it’s the toast of the town, and the next, it’s as absent as a sensible answer in a game of intergalactic trivia. But fear not, dear reader! Behind the scenes, in the shadowy depths of the on-chain realm, SHIB is still doing its quirky little dance.
Thanks to the ever-reliable data from IntoTheBlock — yes, the same folks who brought you the thrilling saga of large holders netflow — we’ve discovered that in the last 24 hours, the inflows and outflows into wallets holding a whopping 0.1% of the Shiba Inu coin circulation supply have plummeted by a staggering 83%. That’s right, folks, 83%! A drop so drastic it could make a rollercoaster look like a gentle stroll through a meadow. 🎢
But wait! Before you start weeping into your digital wallets, let’s take a closer look. The netflow metric, that cheeky little rascal, actually increased during this period — from a rather dismal -141.37 billion SHIB to a slightly less dismal -29.05 billion SHIB. This means that, despite the apparent decline in activity, the net figure is still leaning toward more inflows than outflows. It’s like finding out that your favorite restaurant is still open, even if they’ve run out of your favorite dish. 🍽️
This leads us to the tantalizing conclusion that the largest SHIB holders are not fleeing in terror but rather accumulating their meme coins like a squirrel hoarding acorns for the winter. How this accumulation affects the price of Shiba Inu is a question for the ages, or at least for the next episode of “As the Crypto Turns.” Since December 1, our beloved meme coin has lost a staggering 67% of its value, without so much as a glimmer of green on the monthly candle front. Talk about a gloomy forecast! ☁️
As a result, SHIB has plummeted from a lofty $0.00003343 to a rather humble $0.00001082, where it seems to be taking a leisurely nap. If this is indeed the final resting place for our furry friend, one can only wonder what the future holds. Will the big guns come out to play, or will SHIB remain a mere footnote in the annals of cryptocurrency history? Only time, and perhaps a few cosmic coincidences, will tell! 🛸
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2025-04-02 18:54