The number of trillionaire holders of Shiba Inu (SHIB) is rapidly decreasing, potentially indicating a trend for other SHIB holders. This decrease in large holders suggests that whales are either selling off their holdings or distributing them among multiple addresses, potentially due to a change in the market structure or loss of confidence among significant investors. This reduction in large holders also raises questions about price stability and liquidity. However, smaller wallets have been increasing, indicating that retail investors are still accumulating SHIB tokens. While this may offset some selling pressure, it might not be enough to counterbalance the impact of former trillionaire holders selling. As a result, SHIB's price is facing prolonged bearish pressure and struggling to gain traction. If this trend continues, SHIB may experience higher volatility, making it challenging for smaller investors to withstand significant sell-offs. On the other hand, the emergence of new whales or existing holders accumulating could stabilize and recover SHIB's price.
Bitcoin Flashing Early Signs of Bullish Divergence, According to Crypto Analyst – Here’s His Outlook