As a seasoned researcher with years of experience tracking market trends and analyzing data, I can’t help but notice the sudden surge in whale activity surrounding Shiba Inu (SHIB). The 240% increase in Large Transactions Volume within a single day is a striking development, especially considering the significant dollar value jump from $4.61 million to $10.47 million.
Behind the curtains of the widely recognized Shiba Inu cryptocurrency (SHIB), there’s been an unusual surge. The activity of large investors, often referred to as ‘whales’, has dramatically increased by more than 240% in a sudden spike.
Over the last 24 hours, large transactions involving Shiba Inu (SHIB) have significantly increased, as per data from IntoTheBlock. Specifically, these large transactions went from 326.98 billion SHIB to 781.4 billion SHIB. Importantly, this spike only includes transactions that were $100,000 or more in value, with a total of 45 such transactions taking place during the reviewed period.
Over the last day, the transaction volume of significant investors increased significantly, rising from $4.61 million to a staggering $10.47 million when converted into U.S. dollars.
Under the radar
It’s noticeable that the biggest players are significantly more active, especially regarding the Shiba Inu cryptocurrency.
Yesterday, I observed an interesting surge in the price and trading volume of SHIB, with a notable jump of approximately 5%. This sudden increase was primarily fueled by heightened buying activity from larger investors. Such spikes in market activity are also noticeable on the price chart of this cryptocurrency, currently ranked as the 13th largest in the industry.
Currently, SHIB‘s price has surged over 4.3%, suggesting that significant purchases by ‘whales’ might have occurred within the past day. Once more, the token has managed to exceed the value of $0.000014.
Whether this trend will continue and where it will take the price of Shiba Inu is an open question.
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2024-08-12 17:36