Investors began to withdraw money from Shiba Inu

by in Cryptocurrency News

Shiba

Shiba Inu Token (SHIB) is ranked 15th in the ranking of the largest digital currencies. Over the past 24 hours, its price has fallen by 3.88% to $0.00002308.

Against the backdrop of winter sales and a fall in the value of the altcoin, a decrease in the number of its holders began.

The number of wallets with different amounts of SHIB decreased on March 17-18 from 1,199,452 to 1,166,620. The exit of investors from the asset has been observed over the past few months.

In parallel, the activity of SHIB addresses drops. The average daily number of cryptocurrency transactions since the beginning of January has fallen by 9.7% from 288,267 to 257,002.

Trending: Finder: Bitcoin could hit $80,000 by 2025

Interest in this token on the Internet is also falling, as evidenced by Google Trends data.

Shiba Inu-related searches have plummeted 97% since last November.

Almost 80% of the total cryptocurrency supply is controlled by large investors.

Trending: Ethereum Active Addresses Dropped to a 4-Month Low

Analysts at IntoTheBlock found that the lion's share of SHIB was accumulated by whales whose addresses hold tokens worth more than $100,000.