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Amounts for SHIB holders change dramatically, but it could be a hidden blessing
according to Etherscan, the number of holders of SHIB, the token of the Shiba Inu ecosystem, has dropped significantly over the past eight days. From his 1.28 million on Nov. 23, a recent peak, he Sibu Holders had dwindled to 1.25 million by the first day of winter. In other words, 30,000 addresses, which is 2.3% of the total maximum, have their Shiba Inu tokens completely removed from their balances.
The statistics are also consistent with the behavior of big investors. As previously reported by U.Today, Ethereum whales are aggressively reducing their share. Shiba Inu Token Holdings have grown to 8.3 trillion, currently worth $74.47 million.
By comparison, in the summer, the number of SHIBs in the wallets of investors in this group exceeded $500 million, roughly the same as the price of the asset itself.
What’s interesting is that prices haven’t reacted negatively to a fairly tangible decline in holdings. This means that there has been a sale of similar magnitude in SHIB. In addition, asset prices showed a modest increase of almost 2% during the period covered.
Such dynamics again SHIB Price Reached or nearing the bottom. Still, the build-up here can last a long time.
