Shiba Inu (SHIB) Nears 2 Trillion, But There's a Catch
đš Shiba Inu Update: Whale Activity Signals Mixed Signals đš
In the last 24 hours, large transactions (over $100,000) with Shiba Inu surged by 36.6%, totaling 1.8 trillion SHIB or $26.39 million in value. Each of these transactions averaged nearly $400,000!
While this initially seems bullish, recent data shows a different story. Despite increased transaction volumes, major SHIB holders are actually offloading more tokens than they're acquiring. Inflows to top wallets rose from 378.13B to 464.22B SHIB, but outflows spiked from 311.76B to 599.26B SHIB.
As a result, the net flow turned negative, indicating whales are selling off. This bearish sentiment could impact SHIB's price trends moving forward. Stay tuned for updates as the market reacts to these developments. đđ
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