Shiba Inu Whales Hit Brakes as 8% SHIB Price Surge Rocks Market

In a surprising turn of events, the price of the Shiba Inu token has experienced a remarkable resurgence, soaring by over 8% since its recent collapse just two days ago. The latest on-chain analytics from IntoTheBlock shed light on this intriguing development, revealing a notable shift in the behavior of major SHIB holders, commonly known as whales.According to the data, the net flow of Shiba Inu tokens to the wallets of these influential holders has surged by an astonishing 50 billion tokens in the past 48 hours. What sets this surge apart is that it did not occur due to a sudden influx of new tokens into the wallets of these major SHIB holders. Surprisingly, there were no substantial bursts of buying activity accompanying this price rebound.