Disclaimer: The opinions expressed by our editors are their own and do not represent those of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
The popular meme-inspired cryptocurrency, Shiba Inu (SHIB)continues to experience significant disruption both on the price chart and behind the scenes in the channel realm. For example, the latest episode of SHIB’s misadventures was an unprecedented 99.5% drop in bullish whale activity on the Shiba Inu token.
Just 48 hours ago, the net inflow of tokens into the wallets of investors holding at least 0.1% of SHIB outstanding increased from 60.75 billion tokens to 2.97 trillion. Today, however, the metric collapsed to 14.8 billion tokens, which is the lowest this week, according to In the block.
If we dig deeper into the details, we can see that the value of outflows from Shiba Inu token holders’ wallets did not change much during the period under review.
Related
However, the number of entries saw significant increases, first increasing by almost three trillion SHIB per day and then collapsing to 760.82 billion tokens.
It is interesting to note that during the period when Shiba Inu token was experiencing this significant influx to whale addresses, the price of SHIB increased by more than 6%. However, when the net flow situation stabilized, token quotes did not come under significant pressure but cooled, trading today with a minimal decline of 2.32%.
Related
Considering that the 99.5% drop in net flows is due to deflation of the abnormal increase in inflows, and not an increase in outflows from whales, we can say that the situation of the Shiba Inu is good, and what’s more, there are some major interested parties. investors who can buy the token for $66 million per day.
As for the price of Shiba Inu Tokennor is it in danger of a serious collapse due to the lack of serious selling from large investors.