In the last 24 hours, anomalous activity has been seen around the Shiba Inu token, SHIB. Thanks to data from crypto intelligence portal IntoTheBlock, the number of inflows from major holders increased by more than 20.1 trillion SHIB. The last time a surge of similar power for this metric was seen was on March 23, and before that in early January.
It is typical that both of these instances of Shiba Inu token inflows to the addresses of large holders were accompanied by outflows of a similar scale. The last case was no exception, and the number of SHIB tokens that flowed out in the same 24 hours was 20.16 trillion tokens, which is even 60 billion more than the inflow.
You do not have to be Sherlock Holmes to figure out that there has been a redistribution from one large wallet to another. Whether these wallets are exchange wallets or whether an individual investor is behind the moves remains unknown. It is highly likely that the spikes in metrics are related to the SHIB transfers that U.Today reported on earlier today.
Whale activity has been a key topic for the Shiba Inu token community since 44% of the circulating SHIB offering is in their hands — and that is with the exception of the "dead" address destined for combustion and the 121 trillion SHIBs concentrated on 42 smaller addresses.
Alex Dovbnya
Denys Serhiichuk
