HomeNewsShiba Inu Hodlers Witness 70% Upsurge, Awaiting SHIB's Golden Hour Amid a...

Shiba Inu Hodlers Witness 70% Upsurge, Awaiting SHIB’s Golden Hour Amid a Game-Changing Update – Price Targets Set at $0.00025

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  • 70% of Shiba Inu investors have transitioned to long-term holders.
  • Whales increase trading activity by over 600%, marking a potential boost in SHIB’s price trajectory.

Shiba Inu Investors: From Short-Term Trades to Long-Term Visions

In a notable shift, 70% of Shiba Inu (SHIB) investors are now holding onto their investments with a long-term perspective, implying a rising confidence in the coin’s future potential. After a period of stabilization under $0.000010, SHIB showcased an impressive 30-day price surge of 45%, potentially fueled by the coin’s growing community projects and positive on-chain data.

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Driven by a series of significant updates and project rollouts such as the native SHIB hardware wallet and the forthcoming Shibarium L2 Network, the sentiment among SHIB investors has seen a positive shift. On-chain data further validates this perspective, indicating an additional 3,460 Shiba Inu investors converting into long-term holders just in August. This trend pushed the total count of long-term holders (those who’ve held SHIB for a minimum of one year) to a record 883,000, or roughly 69.16% of all SHIB wallet addresses.

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In comparison, early 2023 witnessed only 60.4% of all SHIB wallets, approximately 740,000, in the long-term holding bracket. In a complementary trend, short-term traders, or those looking for quick profits, have seen a dip from 4.14% to 3.76%.

The Rise of the Whales

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It’s not just the average investor that’s showcasing an increased interest. Large institutional investors, or ‘whales’, have exhibited a 600% increase in their trading activity, evident from the 169 large transactions (transactions above $100,000) recorded as of August 12. Such heightened activity not only infuses the market with much-needed liquidity but also elevates the overall confidence among retail investors.

Combined, the burgeoning number of Shiba Inu’s long-term investors, coupled with the increasing optimism of whale investors, sets the stage for a potential sustained upward price movement for SHIB. While consolidation around the $0.000009 mark is anticipated, the coin’s trajectory might witness an upswing should the vast majority of long-term holders remain committed and new big-ticket investors join the fray.

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Jack Williams
Jack Williams
As a Blockchain Analyst, I specialize in analyzing the performance of decentralized systems and optimizing their efficiency. Through data analysis, I provide insights on blockchain technology, smart contracts, and cryptocurrencies to help businesses make informed decisions and improve their operations.
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