According to the cryptocurrency analytics website IntoTheBlock, significant changes have been made to the Shiba Inu tokens’ ownership structure since this week’s beginning. In less than 5 days, about 25 trillion Shiba Inu tokens have changed hands, although it is difficult to call the direction of their movement optimistic.
However, the week has seen a decline in volatility and the development of a wedge-shaped technical evaluation sample for the SHIB worth. It appears that the value of the Shiba Inu token will skyrocket shortly. At this point, it’s unclear if it will move north or south.
Fingers on Shiba Inu tokens change.
Whale wallets, or those that control at least 1% of the total token supply, have experienced the most significant inflows of SHIB. There are 15 of these addresses, according to IntoTheBlock, and since Monday, their combined stability has increased by a little over 25 trillion SHIB. You should know that almost all these wallets are hot addresses for cryptocurrency exchanges created to store money.
In addition, 3.31 trillion SHIB was added to the balances of these wallets, which hold 0.1% to 1% of the Shiba Inu token. There are 43 of these addresses, the majority of which are also associated with cryptocurrency exchanges.
As a result, it should be noted that this week saw an influx of Shiba Inu tokens on exchanges while retail consumers’ wallets were being depleted at the same time. That is typically interpreted as an indication that the gang is selling off its interests and is dubious about the asset.
