728 Billion SHIB Inflow Surge in Whale Wallets: What’s Going On?

Key Points

1. Shiba Inu's price rose 25% in July, reaching $0.00001422, with a peak of $0.00001484 on July 16.

2. Large holders' inflow of SHIB surged from 245.01 billion to 973.1 billion SHIB in three days, a 728 billion SHIB increase.

3. SHIB's market valuation reclaimed the $8 billion threshold, currently at $8.39 billion, amid rising expectations for AI-focused activities in its ecosystem.

4. The SHIB token's daily relative strength index is at 70, commonly regarded as an overbought level, indicating potential short-term bullish momentum.

5. SHIB has outperformed Bitcoin this month, with a 25% increase compared to Bitcoin's 10% gain.