Advertisement
AD

Main navigation

Advertisement
Advertisement

SHIB Whales' Netflows Eye Explosive $1 Million Surge as Shiba Inu Price Soars

Advertisement
Wed, 21/06/2023 - 13:40
SHIB Whales' Netflows Eye Explosive $1 Million Surge as Shiba Inu Price Soars
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

In a remarkable turn of events, netflows into the wallets belonging to the largest Shiba Inu token holders experienced a staggering surge, reaching a whopping 134.93 billion SHIB within a span of 24 hours on Tuesday. To put this into perspective, it equates to an astounding $1 million in value. The figure consists of inflows of 340.16 billion SHIB and outflows of 205.23 billion tokens during the aforementioned period, according to IntoTheBlock.

Advertisement
Article image
Large SHIB Holders Inflow by IntoTheBlock

Related

All of this unfolded against the backdrop of the Shiba Inu token's price growth, which at one point soared by an impressive 7.3%. As U.Today reported, this price action serves as a continuation of the events from the previous week, when SHIB quotes surged by more than 30% following the painful drop experienced on June 10.

Article image
SHIB to USD by CoinMarketCap

Today, the price of the Shiba Inu token reached a significant local level of $0.0000074. This achievement signifies a remarkable 78.6% recovery from the bottom, which was marked by the fall at the end of first decade of June.

Advertisement

Related

Another intriguing aspect worth noting is that some major holders were able to anticipate these developments. Last week, there were outbursts of netflows to these wallets, amounting to 3.77 trillion SHIB and 3.81 trillion SHIB, occurring just three days apart. It raises the question of whether these whales, who purchased SHIB last week, are now contemplating selling their holdings.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD