Shiba Inu (SHIB) is showing signs of a potential rally due to recent developments that have created a positive outlook for the meme coin.<\/p>\n
Recent data from IntoTheBlock reveals a significant increase in net flows for Shiba Inu, reaching 379.61 billion SHIB tokens in the last 24 hours. This surge indicates heightened whale activity within the Shiba Inu ecosystem.<\/p>\n
Whale activity suggests that prominent investors are accumulating SHIB in anticipation of a possible price increase. These investors can influence SHIB’s price movements through their substantial purchases. The rise in net flows also indicates rising demand for SHIB among retail investors.<\/p>\n
The recent surge in net flows aligns with Shiba Inu’s listing on the Solana-focused crypto exchange Backpack. Given Solana traders’ interest in meme coins, Backpack likely experienced significant demand for SHIB, resulting in the accumulation of a substantial amount of tokens on the platform.<\/p>\n
Additional on-chain metrics, such as Net Network Growth and Whale Concentration, further support a bullish scenario for Shiba Inu, indicating increased adoption and whale activity within the ecosystem.<\/p>\n
Shytoshi Kusama, Shiba Inu’s lead developer, hinted at the possibility of a SHIB ETF following the approval of Spot Ethereum ETFs. Crypto expert Anthony Pompliano echoed this sentiment, suggesting that approval of such ETFs would have industry-wide implications.<\/p>\n
Previously, the Shiba Inu community petitioned Grayscale to launch a SHIB ETF. With Spot Ethereum ETFs approved, there is renewed optimism for the community to push for a Shiba Inu ETF with Grayscale or another asset manager.<\/p>\n
However, launching a SHIB ETF is a complex process. Bloomberg analyst James Seyffart noted that any crypto token seeking an ETF must first be listed for futures trading on a regulated platform like the Chicago Mercantile Exchange.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) is showing signs of a potential rally due to recent developments that have created a positive outlook for the meme coin. Shiba Inu Net Flows Spike Recent data from IntoTheBlock reveals a significant increase in net flows for Shiba Inu, reaching 379.61 billion SHIB tokens in the last 24 hours. This surge […]<\/p>\n","protected":false},"author":1,"featured_media":12390,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Analysis of Shiba Inu's Recent Surge in Net Flows After Being Listed on Solana-Focused Exchange - Bitrabo","description":"Shiba Inu (SHIB) is showing signs of a potential rally due to recent developments that have created a positive outlook for the meme coin. Shiba Inu Net Flows Sp"},"footnotes":""},"categories":[316],"tags":[590,2693,585,1082,4357,419,584,4361,1120],"class_list":["post-12389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-exchange","tag-flows","tag-inu","tag-listing","tag-net","tag-bimber-positive","tag-shiba","tag-solanafocused","tag-spike"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/12389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=12389"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/12389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/12390"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=12389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=12389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=12389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}