Shiba

bullish

Shiba Inu

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The volume of large transactions involving the&nbsp;<a href="https://u.today/shib-burn-rate-collapses-heres-whats-happening-on-shibarium" rel="noopener noreferrer nofollow">Shiba Inu</a> token has increased by 36.6% over the past 24 hours, as seen on&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>. It is necessary to mention that large transactions are those no less than $100,000.
In the past day, the turnover of such large transfers amounted to 1.8 trillion SHIB. In dollar terms, it was characterized by an increase from $20.81 million to $26.39 million.&nbsp;
Interestingly, the total number of such large transactions in a given period has decreased and amounted to 66. This means that on average each of them amounted to 27.27 billion SHIB, or almost $400,000, which is four times more than necessary to make a cut.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="9673b588-766c-4177-a834-51dc7844c4ad" src="https://u.today/sites/default/files/inline-images/shibtoken.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
At first glance, such a development seems bullish as whales increase their presence with the Shiba Inu token.&nbsp;
<h2 dir="ltr" id="the-catch">The catch</h2>
However, this may not be the case, as evidenced by data on inflows and outflows from the wallets of major SHIB holders. For example, in the last 24 hours, inflows to wallets holding at least 0.1% have increased from 378.13 billion&nbsp;<a href="https://u.today/18-trillion-shiba-inu-in-24-hours-shib-enters-uptrend" rel="noopener noreferrer nofollow">SHIB</a> to 464.22 billion SHIB. At the same time, the outflows also increased, from 311.76 billion SHIB to 599.26 billion SHIB.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="7420a56a-1c46-473f-98e4-e6ccc877813f" src="https://u.today/sites/default/files/inline-images/intotheshib.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
As a result, the net flow decreased from 66.37 billion SHIB to -135.04 billion SHIB. This means that whales are unloading more Shiba Inu tokens than they are buying.&nbsp;
Thus, although whales' activity is increasing, it is more bearish than bullish. The consequences of such a sentiment shift can already be seen on the price chart of the popular meme-inspired&nbsp;<a href="https://u.today/vitalik-buterin-delivers-epic-bullish-on-ethereum-commentary" rel="noopener noreferrer nofollow">cryptocurrency</a>.&nbsp;
But how long will it last?

Shiba Inu (SHIB) Nears 2 Trillion, But There's a Catch

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