As an experienced crypto analyst, I find the recent surge in large transactions involving Shiba Inu (SHIB) intriguing. According to IntoTheBlock data, there was a staggering 290% increase in volume of large transactions within the past 24 hours. This translates to a significant jump from $29.93 million to $91.04 million. With 268 such whale deals recorded, it’s evident that major players are showing renewed interest in SHIB.
According to IntoTheBlock’s data, the number of significant Shiba Inu (SHIB) transactions, which is a popular meme cryptocurrency, has surged by approximately 290% over the past day. This means that transactions involving over 1.23 trillion SHIB tokens were recorded yesterday, compared to the current figure of around 3.57 trillion SHIB tokens.
This monetary growth was reflected in a significant surge in transaction volume from $29.93 million to $91.04 million in US dollars. In all, there were 268 instances of large-scale deals transpiring within the past 24 hours, with each deal exceeding $100,000 in value.
As a crypto investor, I’ve noticed some intriguing price movements in SHIB over the past day. Specifically, there was a notable increase of 4.89% within the last 24 hours, reaching a peak at $0.00002623. However, current trends indicate that the price of Shiba Inu is taking a dive by more than 3%. This downturn comes as investors express concerns over Mt. Gox’s ability to meet its Bitcoin obligations.
The Shiba Inu price is currently displaying an intriguing pattern where each daily candle’s size in terms of highs and lows is diminishing. This resembles bullish accumulation, suggesting potential buyers are stockpiling the cryptocurrency. However, it’s essential to exercise caution as this behavior near a significant resistance level might be a deceptive setup for unsuspecting investors.
Based on the chart’s indication, the SHIB price appears poised for a significant shift, as suggested by the upward trend. Whales have been stockpiling massive amounts of SHIB tokens in preparation for this anticipated move.
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2024-05-28 12:24