The Shiba Inu (SHIB) cryptocurrency has experienced a significant increase in activity by its largest investors, with nearly 500 billion coins worth being traded. Data shows a spike in the movement of SHIB into the wallets of holders who own at least 0.1% of the token supply in circulation, indicating that large investors were buying the meme coin. The net flow of SHIB was positive, indicating a change in sentiment compared to the previous day. The price chart suggests a potential bull flag pattern, with the price of SHIB potentially rising to $0.00003 and above. This may explain why large investors are currently more bullish on SHIB.
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