Age-old SHIB holders are no longer underwater
than the 798,180 addresses that were out of money. The increase means that respite has come to the memecoin’s clan as those at the breakeven point also increased.
As SHIB’s price trajectory shifts, long-term holders are beginning to wonder if their holdings will continue to move into profitable territory. According to Santiment, SHIB’s exchange inflow was 361.4 million in the last 30 days.from non-exchange wallets to exchange wallets. Conversely, exchange outflow measures the number of tokens that moved from exchange wallets to non-exchange wallets.
And at press time, SHIB’s exchange outflow was 8.18 million. Generally speaking, a higher exchange inflow than an outflow means that an asset is notSource: SantimentWhen it comes to the Network to Volume Transaction signal, Glassnode data showed that the metric had increased to 170.52. Theuses the 90-day moving average of the daily transaction volume to identify whether an asset is trading at a premium.
For the NVT signal to be this high, it means that Shiba Inu’s market cap has exceeded the transaction volume. Therefore, SHIB may be currently
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