Unprecedented Surge: 4.8 Trillion SHIB Flows to Whale Wallets in 24 Hours”
In the past 24 hours, an unprecedented surge of 4.8 trillion SHIB, the meme-inspired cryptocurrency, has streamed into wallets held by major holders, known as ‘whales.’
This remarkable increase, revealed by data on the Large Holder Flow metric from [Source], represents a staggering 375% surge compared to the previous day.
When analyzing Shiba Inu token movements, it’s crucial to note that addresses holding at least 0.1% of the current Shiba Inu supply are considered, following IntoTheBlock’s methodology.
Simultaneously, the outward flow from these significant addresses, measuring the exit of distinctive SHIB coins, portrayed a contradictory trend. The outflow plummeted to 835.93 billion within the last 24 hours, marking a significant 60.4% decrease from the prior day.
This intricate dance in token movement led the net flow back into positive territory for major SHIB holders, reaching 3.97 trillion SHIB. Notably, the metric had briefly dipped into negative territory at -831.71 billion tokens just the day before.
Anticipated SHIB Major Announcement Ahead
Amid [Source], it appears that major holders of distinctive tokens are strategically accumulating substantial amounts. Nevertheless, this doesn’t necessarily imply an immediate forecast of growth.
Current Price Action of Shiba Inu
Instead, one might suggest that the current price level offers these whales a favorable entry point, characterized by acceptable risk and comprehensibility.
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Adding to the excitement is the anticipation within the Shiba Inu community regarding a significant announcement expected from the project’s development team later this week. Speculations abound that this surge in whale activity could be linked to internal knowledge or strategic positioning in anticipation of an imminent announcement.
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