- SHIB price hits six-week high amid rising investor confidence.
- Holding time for transacted SHIB spikes 783% in one week.
- Long-term holders strengthen Shiba Inu’s outlook and market stability.
Shiba Inu (SHIB) recorded a sharp price surge early Monday, reaching a six-week high of $0.00001416. The increase marks its highest level since late May and comes as a major behavioral shift emerges among SHIB holders.
According to IntoTheBlock data, the average holding time of transacted SHIB coins jumped 783 percent in the past week. This quick climb is a sign of investors’ greater confidence in the token’s long-term prospects.
The metric measures the duration of time that coins are kept before they are sent to different wallets, transferred out, or traded.
A rise in this metric suggests fewer investors are selling quickly, as many may be holding in anticipation of future price growth or ecosystem developments. This holding pattern is supportive of the notion that many people are preparing for higher future valuations rather than a quick hit.
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At the time of writing, SHIB was at $0.00001387; it gained 5.68 percent in the last 24 hours. On the weekly chart, the token is up by 18 percent, showing a steady demand for the asset and a positive sentiment towards its recent price movements.
Long-Term Commitment Signals Growing Market Maturity
Additionally, IntoTheBlock’s broader data highlights a deeper long-term trend. The average time a Shiba Inu token is held across wallets now stands at 2.8 years. This number is calculated based on the average holding duration before a transfer or sale takes place.
This is a large number, considering that SHIB has been around for almost five years. The information indicates that a vast majority of owners have been keeping their tokens for over 50 percent of SHIB’s existence.
This action is an indication of a maturing investor base that perceives greater value in the asset in the medium to long term.
Consequently, fewer tokens are moving around at a fast rate between hands, which may lead to low volatility. The trend also indicates the increasing size of the SHIB community, which is determined to hold regardless of prices.
Shiba Inu’s latest price rally, combined with the spike in holding time, reflects shifting investor strategies. The high interconnectivity of price change with holding pattern may have impacts on SHIB’s performance in the following weeks.
The recent 783 percent spike in holding time reinforces the bullish pressure driving SHIB’s price higher. As more holders opt for longer-term strategies, Shiba Inu is entering a more stable and confident market phase.
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