According to IntoTheBlock, $SHIB may be mispriced.
Based on data from the network, the coin has seen a significant increase in its large holder net flow indicator over the past 24 hours. This indicator measures the difference between inflows and outflows associated with any holder who owns more than 0.1% of the circulating supply of Shiba Inu.
Over the past day, net flow has increased from -163.24 billion $SHIB to 349.3 billion SHIB. In short, increases in net flow indicate that large players are accumulating coins, while decreases indicate that positions are being reduced or sold. Based on what is currently happening with SHIB, it can be concluded that whales are buying the meme-inspired coin.
However, there has been no major movement in the whale world yet, as metrics tracking large transactions of at least $100,000 show low activity. For example, 99 large transactions were recorded over the past day, with a total volume of 1.39 trillion SHIB, or $25.2 million.
Currently, the cryptocurrency is trading at $0.000018. Over the past two weeks, the coin has seen significant price volatility, with gains of 33.2% followed by losses of 6.31%. This week will be crucial to understand what lies ahead for $SHIB . As you can see, some of the biggest players have already started placing their bets.
