Shiba Inu Sees Record Whale Activity with Over $835 Billion Transacted in 24 Hours

The Shiba Inu (SHIB) cryptocurrency has seen massive whale activity over the past 24 hours, with approximately 835 billion SHIB moving through exchanges. This is a significant increase in activity, and it suggests that institutional-sized wallets are actively managing their exposure to SHIB's recent breakout.

Despite exchange inflows and outflows remaining high, the net exchange flow of around 512 billion SHIB shows that large amounts are still being moved between exchanges and private wallets. This type of activity often coincides with periods of high volatility.

The token has been experiencing significant daily movements, reaching a price of $0.00000503 after breaking through several moving averages but then dropping back below the 100-day EMA due to aggressive profit-taking.