In the last 24 hours, the ten largest Shiba Inu whales conducted transactions amounting to 10.44 billion SHIB, representing a 1.51% increase over the same period. The total exchange volumes reached 460.69 billion SHIB, up by 1.37%, while outflows amounted to 419.33 billion SHIB, which is 1.19% higher. This leaves a net inflow of 41.36 billion SHIB, although the net flow decreased by 2.83% for the day, indicating a narrowing gap between inflows and outflows.
The average inflow per transaction rose by 1.65% to 1.94 billion SHIB, compared to 713.26 million SHIB for average outflows, indicating that deposits are coming in larger chunks than withdrawals. This is characteristic of whale activity, which typically involves moving large sums in single transfers. Exchange reserves amount to 87.66 trillion SHIB, increasing by 0.05%. In dollar terms, their value is approximately $505.77 million, down by 0.81%. Active addresses grew by 0.96% to 753. On the seven-day chart, there is an increase in address activity in recent days, while the burned supply metric shows no changes. The price of Shiba Inu fluctuated, reaching $0.00000578 and retreating from a high of $0.00000627 recorded at the end of September. The current price holds just above the 200-day moving average at $0.00000565, which has served as a key level in recent weeks. Short-term moving averages are below this level, between $0.00000523 and $0.00000557, forming a support zone.
There are two interpretations of whale inflows to exchanges. Traders often view them as a warning of potential sales, as tokens need to be on an exchange to be sold. At the same time, this may signal asset redistribution before accumulation or providing liquidity, especially when the price holds the support level. The key level – the 200-day moving average. Holding this level maintains the possibility of retesting the range from $0.00000600 to $0.00000627, while closing below will draw attention to levels $0.00000557 and $0.00000537. Observing how the net flow changes will help clarify market participants' intentions.
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