Anomalic behaviour has been seen near the Shiba Inu token, SHIB, for the past 24 hours. According to information from the crypto intelligence blog IntoTheBlock, there were more than 20.1 trillion SHIB worth of inflows from significant holders. On March 23 and earlier in January, this indicator had a rise of a comparable magnitude.
Shiba Inu token inflows to the addresses of big holders in each of these cases were typically accompanied by correspondingly substantial withdrawals. The most recent instance was no exception, as in the same 24-hour period, 20.16 trillion SHIB tokens were transferred, which is even 60 billion more than the inflow.
It doesn’t take Sherlock Holmes to realise that money has been moved from one big wallet to another. It is uncertain if these wallets are exchange wallets or if an individual investor is responsible for the actions. The SHIB transfers that U.Today reported on earlier today are most likely to blame for the jumps in metrics.
Since 44% of the circulating SHIB offering is in their possession, with the exception of the “dead” address intended for combustion and the 121 trillion SHIBs clustered on 42 smaller addresses, whale behaviour has been a hot issue for the Shiba Inu token community.
