Recent on-chain metrics for <a href="https://www.cryptoknowmics.com/news/shiba-inu-community-initiates-significant-coin-burn-fuels-price-surge/" target="_blank" rel="noopener">Shiba Inu</a> reveal a complex picture, with a 15% decrease in large transactions, indicating potential challenges amidst the token's current upward movement.
<h2>New Address Creation</h2>
While there is a marginal increase of 0.32% in new addresses created on the SHIB network, the lack of significant momentum suggests limited fresh interest from investors.
<h2>Holding Pattern Among Investors</h2>
The "In the Money" metric reflects a neutral sentiment among holders, with a balance between bullish and bearish sentiment, potentially indicating a holding pattern as investors await market developments.
<h2>Impact of Whale Transactions</h2>
The significant 15.66% drop in whale transactions over $100,000 raises concerns about reduced activity from large investors, potentially impacting market dynamics and price stability.
<h2>Implications for Price Trajectory</h2>
While the decrease in whale transactions may temporarily stabilize the price of SHIB, the consolidation phase suggests an impending volatility spike and a potential breakout, influenced by broader market trends.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Shiba Inu Faces On-Chain Challenges Amidst Market Uptrend

Recent on-chain metrics reveal shifting dynamics for Shiba Inu, with a decrease in whale transactions and neutral sentiment among holders.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Shiba Inu Faces On-Chain Challenges Amidst Market Uptrend

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