According to AMBCrypto's on-chain analysis, Shiba Inu [SHIB] might find it challenging to recover from its recent
might find it challenging to recover from its recent downturn. This was after we looked at the Holdings Distribution of the memecoin.
For example, those holding SHIB valued more that $10 million reduced their balance by 35.22%. This happened within the last 30 days.Whales are entities who hold large amounts of a cryptocurrency. As a result, they have a big influence on prices. With the recent decline, Shiba Inu’s price could be looking at another price fall despite what it had faced recently.
In the event that the holdings continue to decrease, the price of the token might fall further. If this is the case, SHIB’s price might drop to $0.000014. The NVT Ratio was another metric predicting a
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