Crypto Voice News | 565 Trillion Shiba Inu (SHIB) Are Now in the Hands of Just Five Whales

565 Trillion Shiba Inu (SHIB) Now in the Hand of Only Five Whales. Click to Buy All Coins with 10% Commission Discount with Credit or Debit Card. Mexc https://bit.ly/40fDloQ, Bitget https://bit.ly/3EvMUo1, This video was published with the special permission of U.Today, click the link to read the original text https://u.today/565-trillion -shiba-inu-shib-now-held-by-only-five-whales ( News, Price Analysis, Trading Guide, Crypto ) _______________ Shiba Inu shares distribution questionable, Five The whale address now controls a staggering 57% of the entire supply, or 565 trillion SHIB tokens, an interesting development in Shiba Inu's on-chain dynamics. Considering such a large concentration of funds in the hands of a small segment of investors raises questions ahead of possible market volatility. The distinction between high activity and low activity addresses in the SHIB distribution is quite clear, with a high activity wallet holding 41.7% of the total supply. Understanding possible short-term price movements depends on the activity of these wallets, but such centralization can increase the risk of market volatility. Additionally, recent on-chain data shows that major holder outflows have decreased significantly, falling 31% in the last seven days. This decline may indicate that the whales' selling pressure has decreased, which could be good for price stability. However, as SHIB approached the 200 EMA support near $0.00002079, inflows increased by 53%, indicating accumulation by larger players. This uncertainty is reflected in the technical diagram. Since SHIB has fallen below both the 50 and 100 EMAs, the 200 EMA is now the next critical support level. The bulls are still struggling to regain resistance at $0.00002250 and $0.00002325, failure to hold here could push prices towards $0.00001900. Recent inflows may indicate increased interest from strategic investors looking to profit from lower prices despite the bearish trend. SHIB is particularly vulnerable to large-scale transactions due to these centralized holdings, meaning any sudden movement by the whales could significantly alter market dynamics. In the coming days, the support level at $0.00002079 is probably the most important threshold to watch. Prolonged defense of this area, combined with continued entry, could pave the way for a return. However, due to the market's reliance on a small number of wallets, caution is advised as volatility may return quickly. _______________ #shiba inu, bone token, you can find breaking news, analysis and comments about cryptocurrencies on this channel, please subscribe to avoid missing the next shiba inu news, #shib breaking news, shiba burning news, where to buy shiba, shiba stake ,shibaswap, #shibarium _______________ Disclaimer, The information provided in this video is not investment advice, financial advice, trading advice, it is for informational purposes only, I do not use any of the video content as investment advice. You should not evaluate. Please seek advice from your financial advisor before making any investment decisions. #cryptovoicenews