Stepping into 2025, Shiba Inu (SHIB) is making waves with a remarkable surge in one of its key blockchain metrics.
Shift from Negative to Positive Netflows
On January 3, Shiba Inu experienced negative net flows of 177.74 billion SHIB. However, just a day later, this trend reversed, resulting in a positive net flow of 67.52 billion SHIB on January 4. This considerable shift reflects the changing dynamics among large holders and their trading behaviors.
Understanding Large Holder Netflows
The large holder netflow metric is crucial for understanding the trading patterns of significant investors in the cryptocurrency market. A positive netflow indicates that large holders are accumulating more SHIB, suggesting confidence in the asset's future. Conversely, a negative netflow might signify that these whales are offloading their positions, which can be a bearish signal for the cryptocurrency.
Current Price Trends for SHIB
At the time of this report, Shiba Inu’s price is down 3.66% in the last 24 hours, trading at $0.0000237. However, it has seen a 9% increase over the past week, beginning to rise at the end of 2024, peaking at $0.00002492 before showing signs of a decline.
The recent surge in Shiba Inu’s large holder netflows signals a promising start to 2025 for the cryptocurrency. The SHIB community remains optimistic about further advancements.
