Shiba

bullish

Shiba Inu

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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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<a href="https://u.today/shiba-inu-shib-below-1-trillion-in-24-hours-heres-what-it-means" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> has seen a big increase in on-chain activity over the past 24 hours. Key metrics suggest that the popular meme-inspired cryptocurrency could be on a bullish trajectory.&nbsp;
Thus,&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a> data shows that the Large Holders Netflow for SHIB has grown a lot recently. It went from 28.24 billion SHIB to 80.51 billion SHIB over the period we are looking at. That is an increase of 285% in just the past day.
The Large Holders Netflow is a great way to track the movements of whales and investors holding over 0.1% of the circulating supply. It is also a crucial gauge for market sentiment. The spike in netflow suggests that big players are building up their holdings, which is a bullish sign.
It is worth noting that spikes in netflow have historically lined up with market bottoms, suggesting a lot of buying during corrections. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="027c52f7-2871-4d0b-a93e-454d46dae5fe" src="https://u.today/sites/default/files/inline-images/shibainushib_0.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
<h2 dir="ltr" id="more-data">More data</h2>
The rise in large holders' inflows also backs up the bullish theses around&nbsp;<a href="https://u.today/shytoshi-kusama-on-urge-to-reveal-his-true-identity-let-mask-remain-famous" rel="noopener noreferrer nofollow">Shiba Inu</a> among whales. Inflows to the wallets of large holders increased by 20 billion Shiba Inu tokens in the past 24 hours, reaching 92.51 billion SHIB.&nbsp;
On the other hand, the amount of SHIB leaving the wallets of big holders dropped a lot. It went from 44.2 billion SHIB to just 12 billion&nbsp;<a href="https://u.today/shiba-inu-alert-crucial-telegram-warning-issued-to-shib-community" rel="noopener noreferrer nofollow">SHIB</a>. With more tokens coming in and fewer going out, this one particular thing for Shiba Inu definitely looks bright.

Whales Fuel 285% Shiba Inu (SHIB) Surge: Is Bull Run Next?

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