The net flow of large holders of the dog-themed cryptocurrency Shiba Inu (SHIB) surged by 764%, sparking speculation about the possible return of whales.
The net flow of large holders can reveal changes in whale positions; a surge may indicate that large holders are accumulating, while a decline suggests a reduction in positions or selling. According to blockchain data from IntoTheBlock, the net flow of large holders of Shiba Inu has dramatically increased over the past 24 hours, soaring from -31.22 billion SHIB to 1.07 trillion SHIB. Meanwhile, the inflow of large holders has also significantly increased over the past 24 hours, rising from 497.49 billion SHIB to 1.67 trillion SHIB. During this period, the massive trading volume of Shiba Inu (indicating active whale activity) surged by 16% to $39.84 million.

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