In the past September, $SHIB has become the center of discussions on many Social Media platforms due to its high volatility in price. In the upcoming days, will the token stabilize or will it be as vulnerable as now? 😀 Let's talk about this with DataFi.
1. On-chain Analysis 1️⃣
Exchange NetFlow
In the last 30D, $SHIB has seen the largest trend was $2.09M (1.84% volume 24H) withdrawn on 04/09. Also, consecutive trends of +$4.45M in total were withdrawn (16/09 - 25/09). The largest price fluctuation was -11.09% on 21/09.
Top Holder
With a total of 200 Wallet analyzed, the total amount of $SHIB they are currently holding is 378.36T ($2,75B), which:
Balance Change 24H: -$134.33K (0.00%)
Balance Change 14D: -$8.44M (-0.31%)
We also rank Top wallets according to their dominance in $SHIB market
From 1 to 20 accounts for 66.4%
From 21 to 50 accounts for 17.12%
From 51 to 100 accounts for 6.61%
From 101 to 150 accounts for 3.53%
From 151 to 200 accounts for 2.34%
Ranking above 200 accounted for 4% approximately.
Social Mention
Being mentioned for about 1000 times on many Social platforms, as well as being mentioned at 440 times, the Social Sentiment for $SHIB is relatively positive with 8% of the discussions being positive for the tokens while the flip side only accounted for 6%.
2. Technical Analysis 2️⃣
The price was repelled by the resistance zone near 0.~77$. The crucial support range at 0.~65$ - 0.~68$ is still holding strong. The next significant price level above is at 0.00001$.
3. Insight 🎯
Overview of DEX Trades 7D, we can see that Top Holders cut loss. Their Buy Volume on DEXs was $15.08K and Sell Volume was $24.97K, changing from gaining to losing a number of -$12.16K compared to just holding. PnL 7D changed from -$247.77K to -$255.79K.