Shiba Inu (SHIB) is attracting major investor attention as whale activity hits a six-month high.
Leading on-chain metrics provider Santiment reports that this is Shiba Inu’s highest whale transfers since June 6, highlighting renewed large-scale interest.
Source: SantimentWhale activity often signals looming market moves. Controlling millions in tokens, these large holders act strategically, either accumulating or preparing to sell.
For Shiba Inu, a surge in whale transactions aligns with a 1.06 trillion SHIB inflow to exchanges, hinting at potential liquidity-driven trades and short-term price volatility.
Notably, on-chain data reveals steady retail activity, but a sudden spike in whale transactions signals a shift in market dynamics, with large holders poised to drive significant price movements.
Over 8 Trillion SHIB Withdrawn in 24 Hours as Whale Activity Shakes Market
Shiba Inu is shaking up the crypto market, with over 8 trillion tokens exiting centralized exchanges in 24 hours. On-chain data shows whale-driven outflows are tightening sell-side liquidity, hinting at potential price volatility ahead.
Over 8 trillion Shiba Inu tokens were withdrawn from centralized exchanges, sharply reducing sell-side liquidity. Such large-scale moves suggest holders are shifting assets to private wallets for long-term storage or strategic trading, potentially tightening supply and impacting market dynamics.
SHIB’s massive outflow from exchanges signals long-term holder confidence, while reduced liquidity heightens short-term volatility, leaving prices highly sensitive to market swings.
Meanwhile, analysts signal a potential bullish surge for Shiba Inu as whales mysteriously transfer 400 billion SHIB, hinting at strategic market moves.
Source: https://zycrypto.com/shiba-inu-whale-frenzy-hits-6-month-high-as-8-trillion-tokens-exit-exchanges/
