CryptoPolyTech.com
Crypto, Politics, Tech, Gaming & World News.

Shiba Inu Sees Major Shift In Large Transactions Processed Through Network | CPT PPP Coverage

 | cutline • press clip • news of the day |

Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE

200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |

View more Headlines & Breaking News here, as covered by cryptopolytech.com


Shiba Inu Sees Major Shift In Large Transactions Processed Through Network appeared on www.benzinga.com by Bibhu Pattnaik.

According to the crypto analytics firm IntoTheBlock, cryptocurrency Shiba Inu SHIB/USD is experiencing a substantial change in large transactions.

On Saturday, IntoTheBlock reported that the vast majority of SHIB holders continue to remain underwater on their investments in the asset.

Shiba Inu’s current large-transaction momentum indicator is down 3.08%, giving a bearish signal.

However, 67% of Shiba Inu holders have held on to their SHIB for over a year, with 30% owning the top meme token for between one month and 12 months. The remaining 3% of SHIB holders have owned their Shiba Inu for less than a month.

The report added that only 30% of SHIB holders are making money at the asset’s current price, compared to 5% breaking even and 65% sitting on losses.

Read Also: Shiba Inu Burn Rate Rockets 2400% After Shibarium Goes Live

At the time of writing, Shiba Inu was trading at $0.00001052, down by 5% in the last week. The cryptocurrency continues to remain more than 87% down from its all-time high of $0.00008616. 

Last week, nearly 25 trillion SHIB tokens, worth a quarter of a billion dollars, securely moved off one of the crypto exchanges and were placed in cold storage, according to new on-chain data.

In addition, crypto analytics firm Santiment noted that 24.9 trillion SHIB tokens were transferred into a self-custody wallet in six separate transactions by an unknown Ethereum ETH/USD address.  

Earlier this month, SHIB became the most traded token among the top ETH whales. Blockchain-tracking service Etherscan reported that a large crypto whale accumulated 118,058,494,947 SHIB worth $1.34 million.

Read Next: 5 Things That May Surprise You About Ethereum Creator Vitalik Buterin

Image: Shutterstock

FEATURED ‘News of the Day’, as reported by public domain newswires.

Related Posts
Find more, like the above, right here on Cryptopolytech.com by following our extensive quiclick links appearing on images or [NEWSer CHEWSer].
View ALL Headlines & Breaking News here.

Source Information (if available)

This article originally appeared on www.benzinga.com by Bibhu Pattnaik – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.

We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.

CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.

We compile ‘news of the day’ content in an unbiased manner and contextually classify it to promote the growth of knowledge by sharing it just like Shiba Inu Sees Major Shift In Large Transactions Processed Through Network

First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!

You might also like