83% Decline in Shiba Inu (SHIB) Whale Activity: A Bullish Sign or a Red Flag?

Despite the lack of price movement for Shiba Inu (SHIB) amidst recent cryptocurrency market turmoil, large-scale activity among SHIB whales is revealing unexpected trends. According to data from IntoTheBlock, large holders’ netflows into their wallets have significantly decreased in the past 24 hours, dropping by a remarkable 83%. This dramatic shift signals significant changes in how these key players are moving their holdings. However, closer inspection reveals that the netflow has actually increased during this period, shifting from -141.37 billion SHIB to -29.05 billion SHIB. Meaning, despite the decline in activity, a clear positive tilt towards inflows outweighed outflows. This suggests that large SHIB holders are actively accumulating their holdings rather than transferring them elsewhere. 67% of SHIB’s value has eroded since December 1st, failing to register a green monthly candle as it plummeted from $0.00003343 to $0.00001082. This begs the question: will this be the final price floor for Shiba Inu, or are we witnessing a strategic accumulation phase driven by whales? The future of SHIB’s trajectory remains a topic of considerable interest.