+12,887.11% for Shiba Inu (SHIB)? This Metric Raises Eyebrows – Crypto News – Crypto News
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+12,887.11% for Shiba Inu (SHIB)? This Metric Raises Eyebrows +12,887.11% for Shiba Inu (SHIB)? This Metric Raises Eyebrows

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+12,887.11% for Shiba Inu (SHIB)? This Metric Raises Eyebrows – Crypto News

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6 months ago

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A recent on-chain anomaly on the Shiba Inu network has drawn the attention of the market: a reported increase in large holder outflows of +12,887% over the last 30 days. However, despite the numbers’ dramatic appearance, the truth is much more complex — and less optimistic.

How 12,887% appeared

When the base value is very small, it is mathematically possible to get a percentage like 12,887%. If outflows were 10 million SHIB yesterday and 1.3 billion SHIB today, for instance, the percentage increase checks out, but it does not necessarily indicate a mass exodus or panic. 

SHIB/USDT Chart by TradingView

Rather than a structural change in sentiment, it might even be the result of delayed whale activity or portfolio reorganization. More context is provided by the outflow changes of +58% and +34% over the 7- and 90-day periods respectively: movement is there, but it is not revolutionary. However, it indicates a steady increase in whale exits, which is important to consider for an asset as liquid as SHIB.  

Momentum invalidated

SHIB fell after encountering significant rejection at about $0.0000125, invalidating earlier bullish momentum. Increased volume and the denial were correlated, indicating sell-side conviction. While it is not yet oversold, the price is currently close to short-term support at $0.0000122, with diminishing volume and a weakening RSI circling 40. What is the true signal here? 

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The price action and outflow metrics indicate cautious behavior from major players, which may be the result of a lack of confidence after failed resistance retests or broader market uncertainty. Any short-term gains are therefore unlikely unless there is a significant surge in retail demand, which has not happened yet. 

Market shift is less important than the +12,887% statistic. SHIB is obviously in a precarious position though, given price rejection and mounting pressure from whales to exit the market. One poor move by the larger cryptocurrency market could hasten the decline. Bulls will require a new motivator to change their attitude. Caution is still the better course of action until then.

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