{"id":15707,"date":"2021-12-27T18:21:46","date_gmt":"2021-12-27T17:21:46","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=15707"},"modified":"2021-12-27T18:21:55","modified_gmt":"2021-12-27T17:21:55","slug":"shiba-inu-whale-holdings-slips-below-2-billion","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/shiba-inu-whale-holdings-slips-below-2-billion\/","title":{"rendered":"Shiba Inu Whale Holdings slips below $2 Billion"},"content":{"rendered":"\n
As the value of whale holdings on the Shiba Inu network falls below $2 billion, the market price<\/a> remains stable.<\/h5>\n\n\n\n
\"Shiba
Shiba Inu Whale Holdings slips Below $2 Billion<\/figcaption><\/figure>\n\n\n\n

Although the value of Shiba Inu holdings has slipped below $2 billion, the asset's price has remained unchanged since the value of whale assets reached the coveted threshold<\/a>.<\/p>\n\n\n\n

The value of SHIB assets has plummeted by about $50 million, according to statistics from WhaleStats tracking services. However, the cause of the reduction should not be attributed to the price movement.<\/p>\n\n\n\n

Shiba Inu's whale activity<\/h2>\n\n\n\n

As the cryptocurrency market began to recover, Shiba Inu whales joined the surge, purchasing up to $300 million worth of SHIB tokens, as evidenced by the history of holdings on the 1,000 largest Ethereum\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> addresses.<\/p>\n\n\n\n
\"Shiba

Shiba Inu Whale Holdings slips below $2 Billion. Source:\u00a0<\/em>WhaleStats<\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n

After Shib achieved its local peak of $0.00004 per token, whale-tier addresses almost totally stopped buying, which had a direct impact on the price action, which has now slowed.<\/p>\n\n\n\n

The price of a SHIB<\/h2>\n\n\n\n

SHIB token is currently trading at $0.000038, down 3.4 percent from its previous high. After the asset lost almost 60% of its value, the most recent recovery of the token offers 35 percent gains to its holders.<\/p>\n\n\n\n

After attaining an ATH of $0.0000879, the asset lost the majority of its value. Short-term investors, who made up the majority of the Shiba Inu <\/use><\/svg><\/span><\/a>market, started the correction. <\/p>\n\n\n\n

The asset's price movement has stabilized as the number of short-term investors has decreased and the appearance of mid-term holders has increased.<\/p>\n\n\n\n

The lessening selling pressure from short-term speculators is the explanation for the decline in volatility and the start of the rebound. The buying activity from whale-tier addresses serves as token fuel.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the value of whale holdings on the Shiba Inu network falls below $2 billion, the market price remains stable. Although the value of Shiba Inu holdings has slipped below $2 billion, the asset’s price has remained unchanged since the value of whale assets reached the coveted threshold. The value of SHIB assets has plummeted […]<\/p>\n","protected":false},"author":29,"featured_media":15708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5612],"class_list":["post-15707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-shiba-inu-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Shiba-Inu-Whale-Holdings-slips-Below-2-Billion.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/15707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=15707"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/15707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/15708"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=15707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=15707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=15707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}