Shiba Inu Whale Activity Plummets 99.5% Sparking Chaos in On-Chain Token Inflows

Shiba Inu faced a dramatic 99.5% collapse in whale activity as token inflows surged by trillions before abruptly crashing. Despite the on-chain chaos, SHIB's price remains stable, hinting at resilience amid turbulent market conditions.

Whale Activity Plummets 99.5% in Shiba Inu's On-Chain World

Both the price chart and the on-chain world of the popular meme-inspired cryptocurrency Shiba Inu (SHIB) continue to be significantly disrupted.

The most recent escapade involving SHIB, for instance, was a stunning 99.5% decline in bullish whale behavior regarding the Shiba Inu token.

Investing in SHIB has never been more lucrative, with the net inflow of tokens reaching 2.97 trillion just 48 hours ago, up from 60.75 billion just 48 hours ago. But according to IntoTheBlock, the statistic hit a new low of 14.8 billion tokens today, the lowest of the week.

Trillion-Token Inflows Spike Before Sudden Crash

Upon closer inspection, it becomes apparent that there was little variation in the value of funds being removed from the wallets of Shiba Inu token holders within the time frame being evaluated.

The amount of money coming in, however, saw huge spikes—a daily increase of about three trillion SHIB—before crashing to 760.82 billion tokens.

Curiously, the price of SHIB rose by more than 6% during the time that the Shiba Inu token was seeing this massive influx from whale addresses.

Price Stability Signals Strength Amid Whale Activity Decline

Token prices were under little pressure and even cooled down as the net flows picture stabilized; currently, they're trading at a little loss of 2.32%.

So long as the 99.5% decline in net flows is attributable to the deflation of the unusual surge in inflows and not to an uptick in whale outflows, Shiba Inu is in a good position, U.Today explains.

What's more, there are a handful of interested big investors who can purchase the token for $66 million every day.

The absence of significant selling by key investors also means that the Shiba Inu token price is not in danger of collapsing.