Large investors in Shiba Inu (SHIB) have significantly expanded their holdings, acquiring over 1.12 trillion tokens in just 24 hours. Data from IntoTheBlock reveals a dramatic rise in SHIB netflows, showing that these whales have added 1.127 trillion tokens to their wallets during this period.

Tracking Whale Movements with Netflow Metric

The rise in whale activity comes from an analysis of the Large Holder Netflow metric. This metric tracks the movement of cryptocurrency to wallets holding at least 0.1% of the circulating SHIB supply. 

_{Source: IntoTheBlock}

Over the past 24 hours, the metric shows a shift from a net negative flow of -951.84 billion SHIB to a positive flow of 174.91 billion SHIB, indicating a substantial increase in whale holdings.

Related article: Shiba Inu Battles 11.5 Trillion SHIB Sell Wall Near $0.00002

Fluctuating SHIB Prices Amid Whale Activity

During this time, Shiba Inu’s price experienced sharp fluctuations, dropping and rising by as much as 6% throughout the day. After these price swings, the SHIB token eventually stabilized at $0.000019. 

_{SHIB to USD Source: CoinMarketCap}

The question remains whether the whales’ large transactions caused these price movements or whether the price fluctuations drove the increase in whale activity. Regardless, both the whales’ actions and the price changes played a role in the outcome.

Related article: Shiba Inu Holds Steady Amid Zero Volatility: Is a Breakout Coming?

The surge in SHIB token inflows to large wallets points to increased confidence among these investors. As netflow spikes indicate that whales are building their positions, the ongoing price volatility presents both a risk and an opportunity for those heavily invested in the token.

Whales have made their moves, increasing their holdings at a crucial time in the market, and the implications of this surge are yet to fully unfold.