In the past 24 hours, major investors in the meme-inspired cryptocurrency Shiba Inu (SHIB) have been observed exhibiting concerning behavior. Data from IntoTheBlock shows that Shiba Inu's net token flow has entered negative territory, indicating a decline of 361.3 billion tokens.

Further analysis reveals that net outflows of Shiba Inu tokens increased by 117% during this period, while inflows also rose by 77.48%. Notably, only addresses holding at least 0.1% of the circulating supply of SHIB are considered for these metrics.

The data suggests that a majority of large participants, or a minority of the largest SHIB holders, are selling off their tokens. Despite SHIB's price rising by 41% since November, the behavior of these "whales" indicates a lack of interest in buying the token at the moment.

It is speculated that clear investment decisions from significant capital holders may depend on future price developments. Once the price of SHIB reaches a specific point, it will become apparent how these investors choose to proceed.



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