Shiba Inu Whales Hold 26% of Supply as Net Flow Rises by 176%

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Arman Shirinyan

SHIB rally slows while net flow growth rises to 176% and whales stop owning 26% of token supply

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The Shiba Inu correction reversal trend has just shown the first signs of slowing down, while the supply of whale-level directions has reached $ 2 billion. The net cash flow has also decreased, but still remains at a significant increase of 176%.

Net flow increases

Net flow is one of the main indicators of the current flow of funds to an asset. In our case, the net flow reflects the movement of the fund in whale-level wallets on the Ethereum blockchain. The metric can be used to determine whether traders and investors are moving funds into or out of the asset.

Shiba Inu whalestats
Fountain: WhaleStats

During correction or distribution periods, the net cash value of an asset remains negative. The negative net flow asset value indicates that the whales are closing their positions and taking funds away from the asset, as was previously the case when SHIB lost more than 60% of its previously earned value.

Whale farms remain stable

While the Shiba Inu recovery is slowing, the value of whale wallets remains the same, with whales holding more than a quarter of the token supply. The total value of its holdings remains at approximately $ 2 billion.

Total Shiba Inu whale holdings have risen from $ 1.5 billion to $ 2 billion in less than a week. While it may appear that the whales have bought tokens worth $ 500 million, the real reason behind the increase in the value of their holdings is the 25% growth in the value of the asset.

At press time, Shiba Inu is trading at $ 0.000037 while losing 6.5% from the top of the recovery rally. The total loss of Shiba Inu from the ATH amounts to 57%.

Source: https://u.today/shiba-inu-whales-hold-26-of-supply-as-net-flow-rises-by-176

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