As a seasoned crypto investor with battle scars from the 2017 bull run and the infamous crypto winter of 2018, I can’t help but feel a glimmer of hope when I see such positive data on Shiba Inu (SHIB). The surge in large holders netflow, with whales amassing an additional 52.3 billion SHIB in just 24 hours, is reminiscent of the pre-moon days.
Over the last day, there’s been a significant surge in on-chain actions related to Shiba Inu (SHIB). Various crucial indicators hint that this widely recognized meme-based crypto might be heading towards an upward trend.
Consequently, data from IntoTheBlock indicates that the amount of Shiba Inu (SHIB) held by major investors has significantly increased in recent times. This rise took the total SHIB held by these Large Holders from 28.24 billion to 80.51 billion over the specified timeframe. That represents a remarkable 285% surge within the last day alone.
As a researcher, I find the Large Holder Netflow to be an invaluable tool in monitoring the activities of significant whales and investors controlling more than 0.1% of the circulating supply. It serves as a vital indicator of market sentiment. A surge in netflow indicates that these major players are accumulating their holdings, which is a positive signal suggesting potential price growth ahead.
It’s important to point out that surges in netflow typically correspond with market low points, implying significant buying activity during market corrections.
More data
Large holders’ Shiba Inu token inflow has strengthened optimistic arguments about Shiba Inu among whales. Over the last 24 hours, their wallets received an additional 20 billion Shiba Inu tokens, bringing the total to approximately 92.51 billion SHIB.
Conversely, there was a significant decrease in the amount of SHIB being held by large investors. It dropped from 44.2 billion SHIB to only 12 billion SHIB. Given that more tokens are entering and fewer are leaving, this trend for Shiba Inu appears promising.
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2024-08-19 18:48