An unexpected occurrence is taking place in the Shiba Inu (SHIB) community, leading to a major shift in one of its significant whale indicators. According to IntoTheBlock’s findings, there has been a striking rise in large transactions worth over $100,000 within the last 24 hours.
Although the number of transactions has significantly increased, there’s been a noticeable decrease in the amount transacted over the same time frame.
Based on the figures, there was a remarkable increase of 71.4% in large transactions, amounting to a total of 204 deals. Such a significant rise in business often indicates a strong and optimistic outlook among major investors.
On the other hand, there’s a significant discrepancy between the amounts of large transactions in Shiba Inu tokens. The number of these transactions dropped dramatically by 67.3%, going from 6.36 trillion SHIB to just 2.08 trillion SHIB.
Divergence
The transaction volume decrease, expressed in US dollars, totaled to 63.63%, shrinking from $144.76 million to $52.64 million. Notably, this percentage seems smaller due to the significant price increase of the Shiba Inu token.
During the same day, the token’s price surged by more than 24% to hit a peak of $0.0000282, but then retreated to $0.0000262.
The mysterious behavior of this anomaly might make some members of the SHIB community ponder its origin. Is this unexplained development due to an error in the on-chain data processing or does it represent something new and uncharted within the Shiba Inu network? It’s worth investigating further.
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2024-04-21 18:06