🐕🦺 Shiba Inu (SHIB) Surge: Shiba Inu, the meme-inspired cryptocurrency, saw a significant increase in whale activity, with a 540% rise in Large Holders Netflow over 24 hours.
📊 Whale Accumulation: According to IntoTheBlock, SHIB saw a spike in netflow into whale wallets, with inflows jumping from -48.1 billion SHIB to 265 billion, marking the highest level in a week. This indicates heavy accumulation by large investors.
💼 Whale Inflows: SHIB inflows totaled 767.33 billion, while outflows were 502.33 billion. Notably, one whale withdrew over a million dollars in SHIB from Coinbase, highlighting a broader accumulation trend.
📈 Future Uncertain: While whale accumulation is on the rise, it remains to be seen how this will impact SHIB's price in the coming days.