On-chain data from IntoTheBlock shows that the inflow from whales into Shiba Inu (SHIB) has risen to the sky by 6.306% in just 24 hours – from 54.97 billion SHIB on June 15 to 15.05 trillion SHIB on June 16. This is the highest cash flow since the last peak on January 7 with 33.59 trillion SHIB.
This unexpected move has sparked much speculation in the crypto community about the possibility of insider information or a major upgrade on the horizon. Although there has been no official confirmation, many believe that whales are “positioning early” ahead of advancements in the Shiba Inu ecosystem.
Recently, the SHIB development team has announced many notable innovations such as:
- Shibarium, a layer-2 solution to expand the SHIB network;
- Shib Alpha Layer, a roll-up abstraction platform integrating advanced encryption technology Fully Homomorphic Encryption (FHE) – allowing for the processing of encrypted data without the need for decryption.
According to developer Kaal Dhairya, Shib Alpha will “reverse the game”, making SHIB a private and high-performance blockchain, ready to serve ordinary users without compromising security.
The large number of holders of Shiba Inu (SHIB) is pouring in | Source: IntoTheBlock
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