SHIB records massive utility in the last 24 hours, here's what is happening ShibArmy SHIBCommunity $SHIB
Markets are usually cyclical, with extreme phases of euphoria and depression. Typically, euphoric episodes result in peaks fueled by retail money, and prolonged depression culminates in the market bottoming out, at which point smart money enters.
According to WhaleStats data, the average SHIB balance of the top 100 SHIB holders was slightly up in the last 24 hours, suggesting accumulation.Because blockchain-based transactions are transparent, watching whales can reveal hints about potential moves before they occur, allowing market participants to act strategically and position themselves to profit once the movement occurs.
In this scenario, an increase in large transactions might point to the whales' move. According to the on-chain analytics firm, large transactions are those that exceed $100,000 and are often indicators of whales' action, either buying or selling. Per IntoTheBlock data, large transactions are up 58%. For example, the percentage of SHIB"hodlers," or long-term investors who have held their tokens for more than a year, has risen to 58%.
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