#AltcoinMomentum

The popular Shiba Inu (SHIB) cryptocurrency is seeing disturbing developments in the behind-the-scenes, on-chain reality of the crypto market. According to data from IntoTheBlock, the number of Shiba Inu tokens shipped from wallets by major token holders over the past 24 hours totaled 7.48 trillion SHIB. By comparison, the previous day's outflow from whale addresses was only 1.05 trillion SHIB, which represents a more than sevenfold increase, or 712.38%.

To clarify, only those addresses that hold at least 0.1% of the circulating volume of the Shiba Inu token are taken into account. Interestingly, the inflow to these wallets also increased during the day, reaching 7.41 trillion SHIB — 89.5% more than the day before.

However, this was not enough for the big buyers to tip the scales to their side, and as a result, the netflow figure for the period under review fell from 2.86 trillion SHIB to -72.77 billion SHIB.

Read more on U.Today https://u.today/shiba-inu-shib-sees-worrying-712-increase-in-whale-sales

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