Shiba Inu ($SHIB ), the popular and second-largest crypto meme coin by market cap, is poised for upside momentum as whale interest in the meme coin skyrockets.

Despite the recent price decline across the cryptocurrency market, whales’ interest and confidence in $SHIB remain unchanged, according to an on-chain analytics report by Coinglass.

Data from the SHIB spot inflow/outflow metrics revealed that exchanges have witnessed a significant outflow of 3.3 trillion $SHIB tokens, worth over $93.3 million. This substantial outflow reflects the growing interest of whales in the meme coin.