The meme-inspired cryptocurrency Shiba Inu (SHIB) has seen a significant increase in net flow into the wallets of those holding at least 0.1% of the circulating supply. In the past 24 hours, this key on-chain metric rose by 1.559%, resulting in a total of 693 billion SHIB. Both inflows and outflows of SHIB increased during this period, with inflows reaching SHIB 11.25 trillion and outflows totaling 10.55 trillion SHIB. Despite a recent drop in price, technical analysis suggests that this correction is a healthy one, as the price stopped at an important level on the Fibonacci scale and has since risen above it. The intentions of large players and the price action of SHIB can be observed on the charts, but whether the whales bought SHIB and then rallied or vice versa remains to be determined.



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