Shiba Inu Whales HODL, Signal Bullish Trend Amid Market Volatility
- Top 10 wallets of SHIB, ETH, and LINK have reduced their holdings on exchanges.
- Santiment said that since May 27, SHIB wallets have reduced supply by 2.4%.
- LINK and ETH wallets decreased their supply by 2.9% and 8.6%, respectively.
Santiment, a leading blockchain analytics firm, reports a notable trend among the largest Shiba Inu holders. The top 10 wallets have significantly reduced their holdings on cryptocurrency exchanges, signaling a potential shift towards long-term investment strategies and bullish sentiment for the popular meme token.
This trend suggests these whales are opting to HODL, not fold, signaling a bullish outlook for Shiba Inu.
In an X post Santiment noted that since May 27th, the holdings of the top 10 wallets for Shiba Inu on exchanges have shrunk by 2.4%, which “should be considered a good sign for bullish traders.”
Similar trends were observed for Chainlink (LINK) and Ethereum (ETH). Santiment also noted that the top 10 wallets for LINK and ETH have decreased their supply on exchanges since May 27 by 2.9% and 8.6%, respectively.
Such a precipitous maneuver sug…
The post Shiba Inu Whales HODL, Signal Bullish Trend Amid Market Volatility appeared first on Coin Edition.
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Shiba Inu Whales HODL, Signal Bullish Trend Amid Market Volatility
- Top 10 wallets of SHIB, ETH, and LINK have reduced their holdings on exchanges.
- Santiment said that since May 27, SHIB wallets have reduced supply by 2.4%.
- LINK and ETH wallets decreased their supply by 2.9% and 8.6%, respectively.
Santiment, a leading blockchain analytics firm, reports a notable trend among the largest Shiba Inu holders. The top 10 wallets have significantly reduced their holdings on cryptocurrency exchanges, signaling a potential shift towards long-term investment strategies and bullish sentiment for the popular meme token.
This trend suggests these whales are opting to HODL, not fold, signaling a bullish outlook for Shiba Inu.
In an X post Santiment noted that since May 27th, the holdings of the top 10 wallets for Shiba Inu on exchanges have shrunk by 2.4%, which “should be considered a good sign for bullish traders.”
Similar trends were observed for Chainlink (LINK) and Ethereum (ETH). Santiment also noted that the top 10 wallets for LINK and ETH have decreased their supply on exchanges since May 27 by 2.9% and 8.6%, respectively.
Such a precipitous maneuver sug…
The post Shiba Inu Whales HODL, Signal Bullish Trend Amid Market Volatility appeared first on Coin Edition.
Read More