You Won’t Believe What Happened to Shiba Inu (SHIB) 🤯 Netflow Skyrockets 5,277%—Bull Run Imminent? 🚀

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Buckle up, folks! The Shiba Inu (SHIB) saga just took a wild turn, and you won’t believe what’s happening. 🐕 According to on-chain data, SHIB’s large holder netflows have skyrocketed by a mind-boggling 5,277%! 😱 This sudden surge in whale accumulation has sparked speculation about a potential price reversal, leaving everyone wondering: is a bull run inevitable? 🤔

Whale Frenzy: SHIB Holders Go Berserk! 🐳

The data shows that SHIB’s large holder netflows have spiked from a measly 128.59 billion SHIB to a staggering 3.5 trillion SHIB on February 7. 🤑 It’s like these whales have been binge-eating SHIB tokens for breakfast, lunch, and dinner! 🍽️ This significant increase suggests that major investors, commonly known as whales, are actively accumulating the token, and they’re not holding back. 🤑

But wait, there’s more! 🤯 Large holder inflows have surged to a staggering 3.8 trillion SHIB within the last 24 hours, marking an 892% increase over the week. Meanwhile, outflows from large holders have declined, suggesting that these whales are holding onto their assets tighter than a miser holding onto their last penny. 💰

Historically, spikes in large holder inflows coincide with price bottoms, as whales tend to buy in bulk following sharp declines. Given that SHIB recently hit a low of $0.00001160, investors are eagerly waiting to see if this accumulation could signal a broader price recovery. 🚀

SHIB Defies the Odds, Prints Gains and Holds Key Support 💪

Despite the downturn in the larger crypto market, SHIB has managed to snap its losing streak with a modest uptick in price. 🤑 The token was rebounding from a low of $0.00001462 on Friday and was changing hands up 1.43% in the last 24 hours, trading at $0.00001535. 💸

But don’t get too excited just yet, folks. 😏 Market data indicates that the volume of trading in SHIB has fallen 15.59%, which means this recent uptick in price doesn’t have strong backing from active traders. Analysts believe that over 9.4 trillion SHIB committed in open interest will definitely need more significant action in terms of trading volume to push the price higher. 🤔

Challenges and Market Sentiment: SHIB Faces Uphill Battle 🏔️

While whale activity suggests growing accumulation, short-term holders appear to be exiting the market. 😒 Recent data shows a decline in the number of SHIB investors who purchased within the last 30 days. This trend signals waning confidence among retail traders, which could limit the token’s immediate upside potential. 🤷‍♂️

Moreover, on-chain metrics from Santiment indicate that SHIB’s price-Daily Active Addresses (DAA) divergence has entered negative territory. 😬 This means that while SHIB’s price has seen slight gains,

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2025-02-10 01:25