On Sunday, SHIB experienced a strong rebound, with a single-day increase of 13%, completely breaking the previous prolonged sideways consolidation pattern. Behind this rally, the market sentiment's warming and the renewed enthusiasm in the meme coin sector have worked together.
On-chain data is also worth paying attention to. According to Santiment's monitoring, SHIB's supply distribution shows a highly concentrated characteristic, with the top ten holding addresses already hoarding nearly 63% of the total supply. What does this mean? It indicates that the actions of large holders could potentially influence the market trend.
Looking ahead, CoinCodex provides a relatively optimistic forecast. Assuming market sentiment continues to improve, SHIB is expected to reach the target of $0.00001079 in early February, which is about 16% higher than the current price. Of course, such predictions are only for reference, and the actual trend will depend on the overall market performance.
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ser_ngmi
· 01-07 13:58
13%? Not bad, not bad. But can this trend continue? It feels like the big players are just harvesting.
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LiquiditySurfer
· 01-07 00:54
63% concentrated in the top ten, this is a typical "whale surfing point"... In other words, it's about watching how others surf, and we just follow along.
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SellLowExpert
· 01-07 00:51
63% locked by big players, it's no different from a casino; retail investors are just at the mercy of the scythe.
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SigmaValidator
· 01-07 00:49
13% rebound, what's that? A big whale's quick sell can bring you back to square one. This is SHIB's fate.
The top ten wallets hold 63% of the supply? Definitely a whale coin, in simple terms, a tool for big players to cut leeks.
CoinCodex is just hyping again, claiming a 16% upside? I doubt it, let's wait and see.
If Bitcoin doesn't move, SHIB is just dead water. Don't overthink it.
This round of rebound is purely driven by market sentiment. It disperses with the wind. I bet five bucks next week it will just stay sideways.
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ZkSnarker
· 01-07 00:43
here's the thing about that 63% concentration stat... actually sounds like a recipe for a coordinated dump disguised as "organic sentiment shift" lol. imagine if those whales decided sunday was the day, and boom—bagholders wondering what hit em
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bridgeOops
· 01-07 00:38
63% in the hands of big players? Isn't this just waiting to be dumped? Haha
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13% increase in one day, but I don't feel much fluctuation. SHIB is really a rollercoaster.
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It's another prediction from CoinCodex. I only trust about 80% of what these institutions say.
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The breakthrough is happening, the breakthrough is happening. Let's wait and see, don't get fooled.
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Such a high concentration among big players, what are retail investors even playing at?
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Is the meme coin track starting again? I feel like I'm stuck in a loop.
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16% room isn't bad, but it depends on how the big players move their fingers.
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0.00001079? Let's just survive until early February first.
On Sunday, SHIB experienced a strong rebound, with a single-day increase of 13%, completely breaking the previous prolonged sideways consolidation pattern. Behind this rally, the market sentiment's warming and the renewed enthusiasm in the meme coin sector have worked together.
On-chain data is also worth paying attention to. According to Santiment's monitoring, SHIB's supply distribution shows a highly concentrated characteristic, with the top ten holding addresses already hoarding nearly 63% of the total supply. What does this mean? It indicates that the actions of large holders could potentially influence the market trend.
Looking ahead, CoinCodex provides a relatively optimistic forecast. Assuming market sentiment continues to improve, SHIB is expected to reach the target of $0.00001079 in early February, which is about 16% higher than the current price. Of course, such predictions are only for reference, and the actual trend will depend on the overall market performance.