Meme coin Shiba Inu (SHIB) has seen a significant increase in inflows from large holders, rising by 555% over the past three months. This trend suggests that major investors are positioning themselves for a potential future increase in SHIB's value, despite the overall bearish sentiment in the crypto market.
Market sentiment for SHIB has seen a dramatic shift, with negative sentiment decreasing by 718% in a single day. This change indicates rising investor optimism, even as SHIB's price dropped from its weekly high. A 7-day sentiment increase of over 2,800% suggests a possible bounce-back for the asset.
Increased whale activity is reflected in the surge of large-holder inflows, with a 163% increase in the past month. However, there's a slight decline in trading volume, indicating investor hesitation in the current volatile environment. SHIB is on a predicted uptrend with a projected 90% rise over six months.
Looking ahead, analysts expect a 76% rise in SHIB over the next year, suggesting positive growth expectations due to the coin's increasing adoption and use cases. This optimism could drive long-term interest in SHIB, despite the current market uncertainties.
