As it became known thanks to data from IntoTheBlockamount Shiba Inu (SHIB) In the last 24 hours, tokens flowing from the wallets of top holders have risen by a staggering 475%.

According to on-chain data, the amount of SHIB, which left addresses controlling at least 0.1% of the popular cryptocurrency's circulating supply, rose from 223.13 billion SHIB to more than 1.06 trillion SHIB.

Despite a nearly five-fold increase in just one day, the net inflow of Shiba Inu tokens into these wallets remained positive with total inflows reaching 1.44 trillion, bringing the net figure to 382.5 billion SHIB. This, by the way, is approximately 830% more than the previous day, and is a clear indication of the acceleration of memecoin flows to the largest wallets.

One can view the growth of outflows from these addresses as bearish, meaning that whales are disposing of their SHIB holdings. However, it has recently become known that most... Shiba Inu The circulating supply is maintained through exchanges. Such a proposal, if true, would put this on-chain data into another context entirely.

Thus, increased net flows of SHIB tokens to so-called “large holders” could be seen as traders and investors depositing their cryptocurrency holdings on exchanges, which in turn could imply an intention to sell.

One thing is for sure – there is an increase in whale activity with the Shiba Inu symbol. It's for both buyers and sellers. However, who prevails remains an open question. Perhaps the truth will be predicted by price action Gray In the coming days.