The meme-inspired cryptocurrency, Shiba Inu (SHIB), has experienced a significant drop in bullish whale activity, with a 99.5% decrease in net inflow of tokens into the wallets of investors holding at least 0.1% of SHIB's supply. The value of outflows from SHIB holders' wallets remained relatively stable, while the number of inflows saw jumps and then collapsed. During the period of significant inflows, the price of SHIB increased by over 6%, but stabilized when net flows decreased. The drop in net flows was due to the deflation of the surge in inflows, rather than an increase in outflows. Overall, the situation for Shiba Inu looks positive, as there are interested large investors who can buy the token at $66 million per day, and the token's price is not threatened by a serious collapse.
- Content Editor ( u.today )
- 2024-12-27
Shiba Inu (SHIB) Whale Activity Crashes 99.5% in Just One Day