Significant whale activity, Shiba Inu The major holders of the coin (SHIB) have experienced a surprising increase in their assets. Data from IntoTheBlock reveals that these heavyweights have accumulated a jaw-dropping 2.85 trillion tokens in just 24 hours.
This increase is particularly notable in light of the Large Holder Inflow metric, which reached a whopping 1.37 trillion tokens, an increase of 208% compared to the previous day. This flow, this crypto- That translates to a staggering estimated value of $66.98 million flowing into whales’ wallets.
However, the plot thickens as it becomes clear that this increase in accumulation comes hand in hand with a significant outflow. During the same period, these deep-pocketed SHIB investors disposed of more than three trillion tokens. This massive divestiture outweighed the accumulation, leading to a net drop of 150 billion Shiba Inu tokens in the last 24 hours.
This trend is highlighted by the Large Holder Exits metric, which is up over 300% during this period, indicating an increasing rate of exits compared to inflows. As a result, the Large Holders Net Flow indicator fell into negative territory, signaling potential turbulence for the popular cryptocurrency.
Despite this setback, on-chain data shows that Shiba Inu typically do not stay in negative territory for long. There is a question currently looming over the SHIB community. That is, whether a flurry of activity from bull whales is expected or whether a potential shift in market dynamics towards breakouts is more likely.
