Recent data indicates a significant increase in inflows to the addresses of large holders of the Shiba Inu cryptocurrency. The backbone of this growth may be linked to anticipated changes in the ecosystem.
Surge in Shiba Inu Whale Inflows
According to on-chain data, whale inflows to Shiba Inu addresses have surged by 6306%, reaching a level not seen in six months. This increase in the inflow indicator suggests that large investors are taking a renewed interest in this cryptocurrency.
Reasons for the Sharp Increase
The exact reasons for the sudden rise in inflows remain unknown, but several factors may be at play. One possibility is that large holders could be positioning themselves in anticipation of significant news and updates. Recently, the Shiba Inu team has been announcing ongoing upgrades, including the development of the layer-2 Shibarium.
Development of the Shiba Inu Ecosystem
Shibarium, particularly the new Shib Alpha Layer, is designed to enhance the functionality of the Shiba Inu ecosystem. The mechanism relies on the concept of Fully Homomorphic Encryption, allowing computations to be performed on encrypted data, ensuring a high level of confidentiality. In connection with the Shib Alpha Layer launch, developer Kaal Dhairya noted, "Today we flip the script."
The rise in Shiba Inu whale inflows and the expected improvements in the ecosystem underline investor interest and may signal potential changes in the market.
