Shiba Inu (SHIB) Token Net Token Flow Dips into Negative Territory, Signaling Whales Are Not in a Hurry to Buy

An alarming pattern in the behavior of major investors regarding popular meme-inspired cryptocurrency Shiba Inu (SHIB) has been revealed in the last 24 hours.

Analysis of the behavior of major investors in the popular meme-inspired cryptocurrency Shiba Inu (SHIB) has revealed an alarming pattern over the past 24 hours.

According to data from IntoTheBlock, Shiba Inu’s net token flow has dipped into negative territory, traveling from 205.85 billion SHIB to -155.45 billion SHIB, marking a decline of 361.3 billion tokens.

Delving deeper into the metrics, net outflows amounted to 2.83 trillion SHIB during the period, a 117% increase. However, the number of inflows also increased, by 77.48%, totaling SHIB 2.68 trillion for the day.

It is important to note that only addresses that hold at least 0.1% of the circulating supply of Shiba Inu tokens are considered in the calculation of these metrics.

Based on the data, one can conclude that the current trend among the majority of large participants, or among a minority of the largest SHIB holders, is to get rid of the tokens in their portfolios.

Shiba Inu (SHIB) price: What’s next?

Since the beginning of November, the price of the Shiba Inu token has increased by 41%, and if we take the lows of the month and its highs, it turns out that it has covered a path of more than 86%.

From this perspective, the behavior of the so-called whales at the moment indicates that they are not in a hurry to buy the token in the first place. That is not to say, however, that the selling trend is also strong.

Probably for the resumption of some definite behavior and decision-making it is necessary to wait for events on the price chart of the popular meme cryptocurrency first. When the price of SHIB comes to a specific point where it would be possible to make clear investment decisions for big capital, we will see what they choose to do with the token.