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Over the last 24 hours, the massive movement in Shiba Inu (SHIB) tokens has sparked various speculations among investors. This move represents a massive inflow of a total of SHIB 4.34 trillion. A significant increase was observed in the activities of large investors, called "whales" within the cryptocurrency ecosystem. This shows that inflows in SHIB tokens have increased by 215%, according to data provided by IntoTheBlock.

Heavy Whale Activity and Market Impact

According to data recorded on April 19, SHIB experienced an inflow of 4.34 trillion SHIB, a significant increase from just a few days ago. Such large inflows often reflect whales' investments in the market, and often such movements are associated with large trading volumes in the market. For example, there was a 58.48% increase in transactions over $100,000.

Market Value and Trading Volume of Shiba Inu

During the relevant time period, SHIB's value increased by 3.5% to $0.00002473, and its market capitalization rose to $14.57 billion, placing it 11th in the volume rankings. However, SHIB's 24-hour trading volume fell by 33% to $414 million. This decline led to comments that investor interest decreased after the halving event.

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