- A 4.68 trillion SHIB transfer has generated questions regarding whether people are accumulating assets or redistributing them.
- A majority of SHIB holders are presently in a negative position which might create selling pressure against potential price recoveries even though long-term holders maintain their support.
- The 0.76 correlation value between SHIB and BTC indicates Bitcoin trends will probably influence SHIB price movements.
With the rapid growth of the meme coin sector, many are wondering whether SHIB could be the next to experience a 1000% explosion in value. Currently, SHIBA INU is trading at $0.00001343 experiencing a 0.01% price increase. This slight upward movement has sparked discussions about the forces driving SHIB’s price action.
Traders are keeping a close eye on a massive transaction involving 4.68 trillion SHIB tokens, sparking speculation about whether major players are accumulating or redistributing their holdings. This comes as SHIB gains momentum against Bitcoin (BTC) and Ethereum (ETH), posting increases of 3.4% and 5.4%, respectively.
SHIB: Whale Influence & Holder Trends
The recent movement of 4.68 trillion SHIB could be tied to institutional accumulation, whale transfers, or exchanges repositioning their holdings. On-chain data shows fluctuating transaction volumes, with mixed bullish and bearish signals shaping SHIB’s potential direction.
The current situation indicates that 59% of holders operate at losses compared to the 38% who earn profits. Price failure could trigger selling pressure because of existing investor loss positions. The long-term investor sentiment is demonstrated by the large percentage (75%) of token holders who have maintained their assets for more than a year.
Whales control 74% of SHIB’s supply, giving them significant influence over price movements. This dominance can lead to both sudden price spikes and sharp corrections. Additionally, SHIB’s 0.76 correlation with Bitcoin means its price is likely to follow Bitcoin’s trends.
Large transaction volumes remain a key factor, with $233.6 million worth of transactions over $100K in the past week. Notably, 41 of these occurred on March 1, reinforcing the strong impact of whale activity on SHIB’s market behavior.
SHIB: Price Outlook & Market Uncertainty
The highest projected price for Shiba Inu will trade at $ 0.00002969 on Mar 11, 2025 with an expected 119.57% price ascent from its present value. This follows a 1.51% price change over the last 7 days.However, with a high percentage of holders at a loss, selling pressure may emerge during minor price recoveries. While the 4.68 trillion SHIB transaction volume reflects heightened activity, it remains uncertain whether this signals a sell-off or a bullish breakout.
