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Shiba Inu Reversal Imminent? Whales Fuel 207% Accumulation Surge
According to a recent report by IntoTheBlock, large holder netflows for Shiba Inu (SHIB) have increased by an astonishing 207%, indicating a shift in sentiment among whales. This sudden surge in large transactions over $100,000 has jumped by an impressive 80.80% to $14.43 million.
Typically, spikes in large transaction volumes imply heightened whale activity, either buying or selling. In this instance, the accumulation of SHIB might signal that these large holders are positioning themselves ahead of a potential reversal in the market, as they await clarity on macroeconomic triggers.
Source: u.today
