As a researcher with experience in cryptocurrency markets, I find the surge in whale activity around Shiba Inu (SHIB) intriguing. The significant increase in large transaction volume, up 268.26% in the last 24 hours, is an indicator of whales’ active involvement in the market. This trend follows a price rebound for SHIB, which had been declining in the previous four days.
The price rebound of the dog-themed cryptocurrency, Shiba Inu (SHIB), has led to a significant increase, reaching 268%, in the number of large transactions by investors, referred to as “whales.”
In the past 24 hours, there was a significant surge in large transactions, with a 268.26% increase from the previous day. These transactions, valued over $100,000 each, amounted to approximately $98.12 million.
Based on IntoTheBlock’s findings, the number of large transactions involving SHIB saw a significant surge between April 28 and April 29, rising from 1.07 trillion to an impressive 4.17 trillion.
As a crypto investor, I’ve noticed an uptick in the activity level of major Shiba Inu investors, or “whales,” following a recent price recovery for this cryptocurrency. Over the past four days, Shiba Inu had been on a downward trend before bouncing back, leading to increased interest from large-scale investors.
As a savvy crypto investor, I’ve noticed that as the value of Shiba Inu (SHIB) recovers, whales in our community, those fortunate enough to hold substantial amounts of this digital currency, have swiftly taken advantage of the situation. They’ve executed significant transactions, contributing generously to the transaction volume and boosting SHIB’s price momentum.
With a significant increase in transactions, keeping an eye on the movements of large investors, or “whales,” can offer valuable insights into any adjustments they are making to their holdings.
Over the past week, there has been a significant outflow of Shiba Inu tokens to the tune of 309%, implying that large investors may be liquidating their holdings or offloading their assets amidst growing uncertainties in the wider cryptocurrency market.
As I pen this down, Shiba Inu (SHIB) is currently priced at $0.0000235 on the market, representing a 4% surge over the past 24 hours. However, it’s important to note that SHIB has experienced a 12.05% decrease in value over the last week.
Shiba Eternity gets new upgrade
Shiba Eternity, the Collectible Card Game (CCG) featuring the Shiba Inu breed, has undergone a substantial enhancement in its latest update, marking the third major overhaul this month. Version 1.2.7 introduces considerable improvements with the primary objective of bolstering player engagement and adding more strategic complexity. The revamped social interface now efficiently handles and maintains friends lists, making it a breeze for players to interact seamlessly.
In simpler terms, the new game mechanics mean that beta fighters, once defeated, will no longer inflict debuffs on nearby friendly combatants.
In other exciting news, the SHIB/JPY trading pair has now been listed on Binance Japan.
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2024-04-30 12:37