Shiba Inu whales are known to publicize their presence During the main market movements, And the recent price recovery was no different. Last week, these major investors returned to the market to various degrees to take advantage of the increase in Shiba Inu prices greater than $ 0.000017. However, there was a turn in the tide, because these large volumes of transactions underwent a significant drop in the space of a day.
Shiba Inu whales volumes drop 49%
According to data From an intothebloc, the volumes of Shiba Inu whales have been increasing regularly since the beginning of May. On May 12, he reached one of the highest levels for the month so far when the price of the shib hit $ 0,000017. In total, 6.35 Billions of Shib was moved to transactions carrying at least $ 100,000. This has reached $ 100 million in major transactions for the period of a single day. But it was short -lived because management changed quickly.
On May 13, large volumes of transaction decreased considerably as transactions collapsed by almost half. Significant transaction volumes have only reached 3.25 billions of sachets, which represents a drop of 49% compared to the number of 6.35 Billions of the day before. This brought the dollar figure to just $ 53.05 million.
This crash in large volumes of transaction has coincided with the slowdown in the cryptography market. THE Shiba Inu Price had seen a little retrace From $ 0,000017 to $ 0.0000,15 during the one -day period and large transactions had decreased in response.
Given this, this suggests that these whale investors could have moved so much sapisse at the time to sell. This would explain the sales pressure that lowered the price of Salan, as well as the decrease large volumes of transactions, As they moved in favor of the sale instead of buying.
The profitability of sombrages remains low
The recent drop in the Shiba Inu price has also affected the profitability of its holders, as less than 50% note a profit at current prices. With only 45% of all green holders, the majority of investors are still nursing losses. Currently, this figure amounts to 50% of all Shib holders being in the red Currently, according to intotheblock data. This puts the remaining 5% of holders on the scale of the profitability threshold, which means that the parts have been moved for the last time at prices close to the place where Shib is sitting right now.
Nevertheless, Shiba Inun continues to maintain her position behind Dogecoin as a second piece of memes in space with a market capitalization of almost $ 9.5 billion at the time of writing. This highlights Pepe at $ 5.9 billion and Trump at 2.7 billion dollars.
Dall.e star image, tradingView.com graphic
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