Large investors in the Shiba Inu cryptocurrency have added over 1.12 trillion tokens to their portfolios in the past 24 hours, as reported by IntoTheBlock.
Activity of Large Investors
According to data, investors holding at least 0.1% of the total supply of Shiba Inu tokens have expanded their holdings. Notably, their net inflow has increased by 1.127 trillion tokens.
Netflow Metric Analysis
The Large Holder Netflow metric indicates changes in the positions of investors with substantial token volumes. An increase in netflow signals ongoing accumulation by major players.
Shiba Inu Price Outlook
Amid these changes, the Shiba Inu price experienced significant daily fluctuations, dropping and then rising by 6%. As a result, by the end of the period, the price stabilized at $0.000019.
It remains unclear whether these price swings were caused by the activity of large investors or vice versa. Nevertheless, over the 24-hour period, the number of Shiba Inu tokens in large investors' wallets has indeed increased.
