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What’s Behind the 883% Surge in Shiba Inu Outflows?

CoinGape
Summary
Nutrition label

67% Informative

Shiba Inu ( SHIB ) has seen its outflows skyrocket by 883% within the past week .

The token's price is up 8.78% in the last 24 hours and has risen by 14% in a week .

In the last day alone, the price of SHIB has surged from $ 0.000022 to $00000246 on the daily chart which gives it a large green candlestick.

On-chain data, large holder inflows, which concern the funds transferred to whale addresses, have increased by 177% over the last week .

Some market analysts believe SHIB price could experience substantial gains soon.

VR Score

50

Informative language

40

Neutral language

33

Article tone

formal

Language

English

Language complexity

37

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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