Despite a broader decline in the cryptocurrency market, Shiba Inu experienced a significant increase in large holders inflows. On January 7, the meme coin recorded large holders netflows worth 33.59 trillion tokens, totaling $739 million. This figure represents about 5.7% of Shiba Inu's circulating supply and is one of the highest inflow figures in its history. However, it was revealed that the inflow was primarily due to an in-house fund shuffling by Crypto.com, moving over 32 trillion tokens in 20 transactions to a single wallet. This influx of tokens did not have a significant impact on the price of Shiba Inu, which suffered a 9.38% loss on January 7. Additionally, the broader market slump resulted in a decline in Bitcoin's price and massive liquidations. Shiba Inu's price currently stands at $0.00002163, down 0.75%.



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