- Shiba Inu witnesses a 2,300% increase in token influx among major holders over the weekend.
- Outflow of SHIB tokens from major holders’ wallets is steadily decreasing.
- The heightened whale activity fuels speculation of an imminent SHIB price rally.
Over the past few days, Shiba Inu (SHIB) has become the epicenter of intense whale activity. Fresh data from IntoTheBlock unveils a staggering surge in SHIB token movement among its major holders.
Read CRYPTONEWSLAND on
google news
Over the weekend, these holders added a colossal 4.52 trillion SHIB tokens to their wallets, marking a 2,300% increase from Friday’s figures. In contrast, the outflow of tokens from these addresses has seen a decline, settling at 29.13 billion SHIB, a significant drop from Friday’s 281.83 billion SHIB.
This massive accumulation by major holders, coupled with the decreasing outflow, prompts a burning question: What’s on the horizon for SHIB? The data suggests that these holders might be gearing up for a potential bullish run, fueling speculation and excitement within the SHIB community.
The crypto world is accustomed to swift market shifts, but the magnitude of Shiba Inu’s recent activity is undeniably noteworthy.
Given the current trajectory, Shiba Inu’s future in the crypto industry appears promising. With such robust backing from its major holders, SHIB is poised to carve a significant niche, potentially leading to a notable price rally.
Read also:
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
