Shiba Inu major buying activity in progress as inflows spike 664%
launched the Shibarium mainnet, a Layer 2 scaling solution and a fork of Polygon, on Aug. 16.
Events took a dramatic turn when Shibarium encountered an unexpectedly massive influx shortly after its launch, causing it to pause.by SHIB developer Kaal Dhairya, Shibarium received millions of"compute units" of traffic in a matter of seconds, causing it to go into fail-safe mode and, hence, it stopped to ensure funds were safe.
Regardless of the recent unforeseen circumstances surrounding the Shibarium launch, Shiba Inu whales or huge holders appeared to respond differently. Per IntoTheBlock data, Aug. 16-17 saw an increase in SHIB large holder inflows from 1.48 trillion SHIB to 8 trillion SHIB. This implies that over 6.52 trillion SHIB were bought by these large holders or whales within this time frame.Large holder inflows have increased by 664% in the last seven days, with the big inflow spike seen on Aug. 17 accounting for most of this.
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