Shiba Inu Whales Revive With 1,448% Surge in Netflows: Details
The Shiba Inu (SHIB) community has been on the edge of their seats as whale activity has picked up significantly. As a result, the net inflows have seen a substantial increase of 1,448%. This sudden shift could be an indication that accumulation is underway, potentially paving the way for upward momentum.
Recent data shows that SHIB whales have revived their buying spree, resulting in a massive surge in net flows. This could be a sign that the bulls are positioning themselves for future gains, making it essential to keep a close eye on this development.
It’s worth noting that if accumulation continues and the asset breaks above its 50-day and 200-day moving averages at $0.00001448 and $0.00001915 respectively, we may be seeing the early signs of a bullish breakout in the coming weeks. However, it’s crucial to acknowledge that market conditions and larger crypto trends might ultimately dictate SHIB’s trajectory.
As of press time, SHIB has decreased by 1.31% over the last 24 hours, trading at $0.0000127.
Source: https://u.today/shiba-inu-whales-revive-with-1448-surge-in-netflows-details