Shiba Inu (SHIB) Whales' Inflow Skyrockets by 3,700%, What's Going On?

Shiba Inu (SHIB) large holder inflow jumps 3,700%, what's happening? SHIB $SHIB ShibArmy SHIBCommunity

Large Holders Inflow from IntoTheBlock tracks the funds going into addresses belonging to either whales or investors, either on a seven-day, monthly or yearly basis.

Whales, by definition, are addresses that hold over 1% of a crypto asset's circulating supply, while investors are those holding between 0.1% and 1% of the circulating supply. Thus, a large spike in large holder Inflows might suggest strong buying activity is taking place. This might be the case, as many of these addresses buy on centralized exchanges and then transfer their acquisitions into cold storage.Additionally, spikes in large holder Inflows can point to bottoms in price, as these addresses tend to buy in bulk following significant price drops.

However, since entities frequently shift away funds they recently received for business purposes, it is important to keep in mind the outflows from these addresses.

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