Shiba

Shiba Inu

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In notable whale activity, major holders of meme-inspired cryptocurrency&nbsp;<a href="https://u.today/shiba-inus-shibarium-witnesses-epic-key-metric-growth">Shiba Inu (SHIB)</a> have ignited on-chain fireworks with a staggering increase in their holdings. Data from&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=ownership&amp;chart=all">IntoTheBlock</a> reveals that these heavy hitters accumulated a jaw-dropping 2.85 trillion tokens in the span of just 24 hours.
The surge is particularly notable in light of the Large Holders Inflow metric, which indicates a 208% spike from the previous day's holdings, reaching a colossal 1.37 trillion tokens. This influx translates to a staggering estimated value of $66.98 million flooding into the wallets of these crypto whales.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="fca3cdf7-ab73-4301-bf73-0576ee075f84" src="https://u.today/sites/default/files/inline-images/itbshib.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=ownership&amp;chart=all">IntoTheBlock</a>
<h2 id="twist">Twist</h2>
However, the plot thickens as it emerges that this surge in accumulation comes hand in hand with a significant outflow. During the same period, these deep-pocketed&nbsp;<a href="https://u.today/shib-doge-ada-see-relief-rally-after-enormous-crash">SHIB</a> investors offloaded over three trillion tokens. This hefty disposal outweighed accumulation, leaving a net decrease of 150 billion Shiba Inu tokens over the past 24 hours.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="89ad63c7-bb6c-4887-b0a0-255ae78086e0" src="https://u.today/sites/default/files/inline-images/itbshib2.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=ownership&amp;chart=all">IntoTheBlock</a>
The trend is underscored by the Large Holders Outflow metric, which soared by over 300% during this period, indicating a heightened rate of outflows compared to inflows. Consequently, the Large Holders Netflow indicator dipped into negative territory, signaling potential turbulence ahead for the popular cryptocurrency.
Despite this setback, on-chain data suggests that&nbsp;<a href="https://u.today/shiba-inu-burn-rate-skyrockets-by-64201-657-million-shib-vanish">Shiba Inu</a> typically does not linger in the negative zone for long. The question now looming over the SHIB community is whether the flurry of activity from bullish whales is anticipated or a potential shift in the market dynamics toward outflows is more likely.

Shiba Inu (SHIB) Skyrockets in Multi-Million Whale Activity, But There's a Twist

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