The cryptocurrency market is currently stagnant, with no clear direction in terms of price movement. However, activity is still happening behind the scenes, particularly in the on-chain realm. Shiba Inu (SHIB), a popular meme-inspired cryptocurrency, has seen a significant increase in holdings by whales, with 922.87 billion SHIB amassed in the last 24 hours. Additionally, there has been a rise in outflows from these wallets, with 619.44 billion tokens leaving the hands of the largest SHIB whales. Despite the net positive flows for the day, it is important to note that the biggest SHIB token holders are exchanges, and their actions may not necessarily be a bullish sign for the meme coin.



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