ETH Whales on Rampage: BitMine Snags 138K ETH as $3,000 Holds Firm – Bulls Gear Up for $4,000 Moonshot 
ETH Bulls Smash Trendline – $4,000 Next as Whale Squeeze Tightens 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
SK Hynix Labeled “Investment Warning Stock” After Extraordinary 200% Share Surge 
U.S. Greenlights Nvidia H200 Chip Exports to China With 25% Fee 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
IBM Nears $11 Billion Deal to Acquire Confluent in Major AI and Data Push 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
 Explodes with 8,530% Netflow Surge - EconoTimes)
Shiba Inu (SHIB) netflows surged by 8,530% this past week, indicating heightened whale activity and market anxiety.
Unprecedented 8,530% Surge in SHIB Netflows Reported
An indicator of the movement of crypto whales, big-holder net flows have recently surged in Shiba Inu (SHIB), according to data from IntoTheBlock.
The large holder netflows for Shiba Inu experienced a negative increase of 8,530.25% throughout the past week. Reductions in netflows from major holders may suggest selling in most cases.
On-Chain Data Reflects SHIB's Volatile Netflows
Given the recent occurrence where a substantial quantity of SHIB, over 5.4 trillion tokens, were sold following the WazirX exploit, the negative rise in netflows is not that surprising. Shiba Inu's on-chain reaction to incident-triggered sales can be reflected in the concerning netflow rise.
U.Today reports that the crypto market was shocked last week when the Indian exchange WazirX lost customer money and processed over $230 million in withdrawals due to a security vulnerability in one of its multisig wallets.
Blockchain data shows that the majority of the missing funds—5.4 trillion SHIB tokens, valued at almost $100 million—were removed and subsequently sold by the exploiter.
Post-WazirX Incident, SHIB Price Witnesses Volatility
Shortly after the WazirX event, the price of Shiba Inus rose for three days in a row before falling again.
In line with the wider decline in the overall cryptocurrency market, SHIB fell 2.2% in the past 24 hours, reaching $0.0000175 as of this writing. The present price action of Shiba Inu has pushed it dangerously close to a major obstacle that must be broken in order for it to continue rising.
Near the current Shiba Inu trading price, 37,560 addresses purchased 434.97 trillion SHIB for an average price of $0.000018, with prices ranging from $0.000017 to $0.000019, according to data from IntoTheBlock.
A surge in purchasing activity and, perhaps, a price hike for SHIB might result from a price break through this substantial barrier. Looking ahead to SHIB's next big move, the market will be intently watching its trajectory in the days to come.
