Shiba Inu (SHIB) Skyrockets 784% as Whale Activity Soars

Shiba Inu (SHIB) experienced an explosive surge, rising by a whopping 784% in a key on-chain metric tracked by IntoTheBlock. This significant increase indicates that large investors, such as whales and institutions, are either accumulating or strategically shifting their SHIB holdings. The rise is accompanied by an equally substantial boost in large holder inflows, with funds pouring into prominent wallet addresses linked to these influential entities. 24 hours ago, the coin was trading at $0.00001121 before a brief sell-off, but it has since clawed its way back to a positive territory.