According to U.Today, Shiba Inu (SHIB), the second largest dog-themed cryptocurrency by market capitalization, is experiencing a significant surge in large holder netflows. This development coincides with the selling pressure currently sweeping through the broader crypto market. On-chain data from IntoTheBlock reveals that Shiba Inu's large holder net flows have surged by a staggering 1,245%, albeit a negative surge. Large Holders Netflow provides an idea of the change in positions of whales, and spikes in netflow can be seen as accumulation from large players, while drops point to reduced positions or selling.
The cryptocurrency market is experiencing losses, and Shiba Inu (SHIB) is no exception. Bitcoin fell to lows of $66,431 in yesterday's trading session after reaching $70,000 earlier following the U.S. Government's movement of $2 billion in
