Striking: investors are dumping these digital coins
There is a noticeable trend where investors are dumping all their digital coins. A coin pops out there!
Meme coins have been extremely popular. But it seems that the novelty has worn off. It started as a joke with many of these coins, but it has grown into a huge market. There is not really a specific value, but is embraced by a large group of people. And they also buy the currency, which in turn yields ‘real’ value.
Investors dump digital coins
Shiba Inu (SHIB) is one of these coins. Huge profits have been made with this coin. But it seems that the coin is losing luster. In one week, SHIB lost 4,000 investors. Of course, the prices of all currencies were bad, but this is striking. Also because the investors sold all their coins. The trust appears to be gone.
Various studies show that the number of SHIB wallets has increased in recent months. In November 2021 there were 919,000 wallets, after three months there were more than 1.1 million. Since the decline of all prices, you also see the number of wallets decrease, namely minus 4,200. All in all, not really a very big drop, but a drawing on the wall. What is also striking is that fewer people buy the coins. This is actually a worse sign.
Rode
This is due to the poorer results. Buyers are more reluctant and wait. You often see that people are now buying the dip, but that is not the case with SHIB for the time being. Investors take fewer risks and SHIB is a risky investment. SHIB once stood at $0.00008894. Since then, the currency has fallen by just under 80%.
It seems that public interest is also declining. Google searches for meme coins decreased by 92%.
