Shiba Inu In Danger Of Significant Sell Pressure Despite 588% Surge In Large Transactions
📉
Shiba Inu (SHIB) is currently at risk of experiencing significant selling pressure due to the bankrupt crypto firm Genesis Trading. Despite a 588% surge in large transactions, which is generally considered a bullish sign, SHIB's market stability is under threat due to Genesis Trading's financial woes.
The data driving these concerns come from Arkham Intelligence, an on-chain analytics platform. Insights from this platform highlight the potential implications of Genesis Trading's situation on SHIB's market performance.
Amidst these worrying signs, the surge in large transactions shows that there is still considerable interest in SHIB. The outcome for SHIB will largely depend on whether the market can absorb the potential sell-off from Genesis Trading, which could otherwise undermine the bullish trend.
Investors and market watchers are now keenly observing how this situation will unfold, particularly given the conflicting signals of large transaction volume and impending sell pressure.
Джерело: bitcoinist.com ↗
Схожі статті (54)
Shiba Inu in Rebound Mode: What’s Driving the Surge?
Shiba Inu Jumps Nearly 6% In Latest Price Rebound, Rally Incoming?
Shiba Inu (SHIB) Surges After U.S. Federal Reserve Rate Cut
Is Shiba Inu (SHIB) on the Rebound? 1.97 Trillion SHIB Moves in 24 Hours!
SHIB’s Higher Low Pattern: Is a Trend Reversal on the Horizon?
Shiba Inu On The Edge Of Historic Run As Investors Accumulate 770 Billion SHIB
Shiba Inu Skyrockets: $3.3 Billion Added to Market Cap in 24 Hours
Shiba Inu (SHIB) Surges Amid Uncertainty: What Investors Need to Know!
Shiba Iun’s Trading Volume Up 82% Investors Seek More Profit From New Gambling Crypto
Shiba Inu’s SHI Stablecoin Set To Rival USDT, SHIB Up By 13%
Can Shiba Inu Coin Price Surge 50% As Liquid Staking Goes Live?
Shiba Inu Sees Explosive 57 Billion Exchange Outflow: What It Means for SHIB Price
Shiba Inu Price Rises Amid Market Recovery
SHIB’s Shiba Inu Army: Can They Keep the Momentum Going?
Shiba Inu Indicates Potential Price Surge
Shiba Inu Price Spikes as SHIB Ecosystem Prepares for Major Tech Upgrades
Investors Back Shiba Inu’s Rally
ISHIBA Naming Coincidence Sends Shiba Inu Price Soaring 50% in 48 Hours
Shiba Inu gains over 20% in 24 hours, leads memecoin rally
Shiba Inu rallies ahead of DAO rollout, up 15% in 7 days – What’s next?
Shiba Inu : The Reasons Behind Price Surge and Retracement
Shiba Inu (SHIB) Tops the Crypto Market with 20% Gain, What’s Next?
Shiba Inu Community Votes On Crucial Proposal, SHIB Rally Incoming?
Shiba Inu Gains Traction in Crypto Market
Shiba Inu (SHIB) Price Surges 12% Amid Cautious Whale Activity
Shiba Inu Price Recovers by 16%, Will It Last?
Shiba Inu FOMO Kicks In With 23% SHIB Price Surge, What’s Next?
SHIB Shows Strong Recovery, Sets New Price Targets
SHIB Shows Strong Recovery, Sets New Price Targets
Shiba Inu’s 28% surge: Will SHIB keep its bull run after a change in path?
Why is Shiba Inu Up Today? : Key Factors Behind the Recent Price Spike
Shiba Inu Token Sees 22% Price Increase Amid Market Uptrend
Shiba Inu Rallies As Crypto Market Shows Signs of Recovery
Shiba Inu Approaches Breakout from Consolidation Period
Shiba Inu Shows Potential for a Rally Despite Recent Decline
Shiba Inu Price Shows Signs of Significant Increase
Investors Support Shiba Inu to Overcome Five-Month Selling Pressure
Shiba Inu Gains Momentum in the Crypto Market
Shiba Inu’s Price Surge Draws Attention in Crypto Market
Shiba Inu (SHIB) Surge: 671% Increase in Large Holder Inflows Signals Potential Breakout Ahead
Celebrating International Dog Day: Why Shiba Inu (SHIB) Coin Enthusiasts Have Reasons to Cheer
Shiba Inu (SHIB) Transactions Surge: Can It Break Past $0.000017 Amid Rising Momentum?
Shiba Inu (SHIB) Surges Amid Market Uncertainty: Key Metrics Signal a Potential Rebound
Shiba Inu (SHIB) Sees Increased Activity as Wintermute Withdraws 74 Billion Tokens Amid Price Surge
Shiba Inu (SHIB) Sees Massive Price Surge: 620 Billion Tokens Withdrawn Signals Bull Run Ahead
Shiba Inu (SHIB) Sees 285% Surge in Large Holder Netflow, Indicating Bullish Trend
Shiba Inu (SHIB) Outpaces Ethereum (ETH) with 44% Annual Growth and Milestone Achievements
Shiba Inu Price Soars Amid Exciting SHI Stablecoin Developments on Shibarium
Shiba Inu (SHIB) Surges 20% Amid Explosive Metrics and Meme Coin Market Rebound
Shiba Inu (SHIB) Surges 43% in Nine Days with Bullish Momentum and Increased Whale Activity
Shiba Inu Price Eyes 102% Surge Amid Stable Trading Volume at 2.039T
Shiba Inu (SHIB) Sees 5% Price Surge Amid Volatile Trading Activity
Shiba Inu (SHIB) Trading Volume Soars with 58.9% Surge in Derivatives Market
Shiba Inu (SHIB) Sees Record 3 Trillion Tokens Moved: What It Means for Future Price Movements
