Popular meme coin Shiba Inu The coin is seeing a positive net flow increase according to on-chain data. Providing an insight into the shift in the whales’ positions, IntoTheBlock Large Holders Net Flow increased by a whopping 483%, indicating the return of this investor class. The net flow of large holders increased from -41.19 billion SHIB on March 26 to SHIB2.11 trillion on March 27. These increases in net flow can be interpreted as hoarding by large holders or whales, while decreases can indicate diminishing positions or selling. This type of data is an important indicator for understanding the behavior of major players in the market and interpreting price movements.
In the case of the Shiba Inu, savings from large owners may be the primary factor, as Ethereum co-founder Vitalik Buterin’s unexpected announcement that the Shiba Inu has greatly exceeded his expectations may have positively impacted the whales. Yesterday, a whopping two trillion SHIB was moved from the KuCoin exchange, presumably into cold storage, following the current regulatory crackdown on the exchange and its two founders. At the time of writing, SHIB is up 4% in the last 24 hours to $0.00003126 and is up 17% for the week.
Shiba Inu News
According to the latest issue of SHIB magazine, the Damn team recently burned 6,627.74 Wrapped BONE (WBONE) and 77,386,493 SolKiller DAMN. Last Sunday, another 5,018 BONE and 60,724,821 BAMN were systematically destroyed. Shiba Inu tier 2 Shibarium has seen a huge increase in its locked total value recently. According to data from DeFi TVL aggregator DefiLlama, Shiba Inu’s TVL is currently $3.72 million after reaching $3.9 million on March 26. This milestone represents a level of liquidity not seen since the platform first launched last August.
Shiba Inu partner ZAMA, a pioneer in the field of homomorphic encryption (FHE), proposed a radical solution: HTTPZ, a new internet protocol that would provide end-to-end encryption by default. This innovation is likely to secure users’ data until it reaches its destination and completely change online interactions.
