Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
SHIB Cryptocurrency analysis firm Sanitation analyzed Shiba Inu Coin (SHIB), which has recently increased its volatility significantly. According to the company's data, SHIB prices rose 37% in two days, but quickly gave up some of the gains.
Sanitation reported that during the rebound, social media interest in Shiba Inu coins also increased significantly. SHIB's social dominance reached 0.084%, setting a new high since April 2. However, the company noted that investor interest peaked when price movements began to weaken. 
The above chart shows the increase in SHIB prices.
On-chain data also suggests that large investors may view this rise as a selling opportunity. There were 52 whale transactions in SHIB in a single day, the highest daily level since March 31.
According to Sanitation, the increase in whale trading numbers suggests that large investors may have reduced their SHIB positions through profit-taking as prices rose. In contrast, retail investors are thought to enter the market later.
The company said a surge in social media interest following a sharp rise in prices suggests that small investors are buying by the FOMO (fear of missing out) effect when prices are near their peak. This may have provided the whale with the liquidity it needs to reduce its positions.
* This article does not constitute investment advice.
