Shiba Inu (SHIB), known for being a meme-inspired cryptocurrency, is experiencing a notable increase in attention from large investors. On-chain data from IntoTheBlock has highlighted a potential mispricing of SHIB, which might be sparking this interest. In the past 24 hours, the Large Holders Netflow metric, which tracks major inflows and outflows, has surged significantly.
This metric focuses on those investors who control more than 0.1% of Shiba Inu's total supply. Increased net inflows from such holders indicate growing confidence or interest potentially influencing the price.
The noticeable trend in whale activity can provide insights into future market movements, shedding light on potential pricing adjustments for this popular cryptocurrency.
