The Dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a significant surge in large holder inflows, indicating increased buying activity in the market. The token has seen a 924% spike in large holder inflows this week, reaching 3.79 trillion SHIB. This surge in inflows, along with a breakout in its price, has attracted attention from retail and institutional investors, as well as whales. Shiba Inu has also experienced a surge in large transaction volume, amounting to $169.27 million or 9.07 trillion SHIB. The token's price has reached highs of $0.00001976 and is currently up 17% in the last 24 hours. However, analysts have cautioned that traders should wait for high-bullish narratives to calm down before expecting SHIB to surpass its year-high of $0.000043.



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