SHIB [Shibainu] traders expecting fake drop should read this
continues to see unprecedented demand from whales despite the bearish market. However, fundamentals on-chain metrics still paint a grim scenario whatsoever.SHIB hasn’t been able to recover its seven-day losses while most of the top 20 coins have successfully done so. The meme token was 4.95% down over the week.
The chart from Santiment given below showed that the token’s transaction volume plummeted from $1.2 billion on 25 April to the current value of just above $530 million.The decreasing volume could imply a lack of enthusiasm amongst investors. And, here’s one scenario that could explain this.
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