Shiba Inu netflow spikes as Shibarium enters new era
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A positive surge in netflow may indicate that inflows predominate outflows and, thus, might be seen as accumulation from large holders. On the other hand, declines in large investors' inflows may indicate reduced positions or selling.In this case, a positive surge in SHIB net flows could indicate accumulation by whales, which would be net positive. Whales, or large holders, are typically known to accumulate more when the price dips.
At the time of writing, SHIB was seeing profit-taking and was down 2.53% in the last 24 hours to $0.00000779.This is the initial step in the development of Shibdentity, a decentralized identity platform that allows users to own and govern their digital identities. As part of the Shibdentity ecosystem, the Shib Name Service is introduced, bringing something unique to the table: human-readable addresses.Shibarium users will no longer need to browse difficult Shibarium addresses because SNS translates complex Shibarium addresses into simple names.data, the total number of Shiba Inu addresses, which includes all addresses that have ever been generated and those that still contain SHIB, has reached a new high of 3.64 million.
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