Recent data show a significant increase in Shiba Inu token outflows among major holders, though this did not reflect on market prices.
Increase in Token Outflows
According to data from IntoTheBlock, whale outflows from SHIB addresses surged from 61.59 billion to 645.06 billion tokens within just two days, from August 3 to 5. This represents over a 1000% increase.
No Impact on Price
Despite the drastic increase in outflows, SHIB's price remained relatively stable, hovering around $0.000012 with a brief rise to $0.000013 before dropping again.
What Could Investors Expect?
It remains unclear whether the outflows were strategic or precautionary; however, they coincide with previous cycles where similar outflow spikes preceded significant price changes, potentially indicating market shifts.
Thus, while the outflow of SHIB tokens has significantly increased, the absence of price changes leaves investors awaiting potential market developments.
