Despite a 56% surge in memecoin trading volume... Shiba Inu's net inflow 'zero' on its own

▲ Shiba Inu (SHIB)

The trading volume of the memecoin market surged by over 56%. However, Shiba Inu (SHIB) has fallen into a state of stagnation with net inflows approaching zero, fueling investor anxiety.

According to a report by cryptocurrency media outlet U.Today on April 22 (local time), the memecoin sector recently grew to a size of $35.6 billion, with its market cap increasing by approximately 15.58% over one month. Notably, trading volume surged by 56.14% compared to the previous month, reaching approximately $3.79 billion, demonstrating explosive investor sentiment. This figure surpasses Bitcoin's (BTC) growth rate of 14.06% during the same period, indicating that market capital is rapidly shifting towards more aggressive risk assets.

However, Shiba Inu, a prominent memecoin, appears to be excluded from this market trend. On-chain data analysis shows that the net inflow to exchanges remains almost zero. This implies that whale investors and large capital have not established a clear direction for either accumulation or selling. Market participants are in a wait-and-see mode without strong conviction. This state of equilibrium is often interpreted as a precursor to significant volatility.

Shiba Inu's price movement has also been consolidating in a narrow range after a prolonged downtrend. The current price remains below key moving averages, making it difficult to conclude that the downtrend has fully reversed. While some indicators, such as the number of active addresses, show slight signs of improvement, they are insufficient to drive a trend reversal. Its position, slightly outside the center of the memecoin craze, is causing relative deprivation among investors.

Experts advise that for Shiba Inu to successfully rebound, a clear accumulation phase must precede it. If the current neutral state of zero net inflow persists, even if an upward trend appears, its sustainability cannot be guaranteed. The possibility of funds flowing in late when the overall market momentum is alive cannot be ruled out. However, for now, Shiba Inu remains in a bystander position while other memecoins lead the rally.

Ultimately, Shiba Inu's direction depends on which way this neutral state breaks. It stands at a crossroads, whether speculative demand will return to Shiba Inu or if it will be marginalized by the neglect of whales. Investors are watching changes in on-chain indicators, hoping the hot fervor of the memecoin market will spread to Shiba Inu. As a major market inflection point approaches, a cautious approach is needed.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*