The dog-themed cryptocurrency Shiba Inu has experienced significant outflows of 719 billion SHIB in the past 24 hours, attributed to large holders or whales. This outflow can indicate panic and may be due to selling from whale addresses or withdrawals from exchanges. The market uncertainty and recent volatility have likely prompted large holders to sell their assets or move them to cold wallets. Despite the overall downward trend in the crypto market, SHIB has seen a 2.57% increase in the last 24 hours. Other major cryptocurrencies, such as XRP, BNB Chain's BNB, Cardano's ADA, and Dogecoin (DOGE), have experienced losses. The total crypto liquidations in the past day amounted to $775 million. Shiba Inu has shown signs of rebounding and could continue to gain strength if it breaks above the daily moving averages.



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