On-chain analytics firm IntoTheBlock shiba inuestimates SHIB 767.35 billion in large trading volume in the last 24 hours.
The Shiba Inu is showing a 66.35% increase in large trading volume. This equates to $5.61 million in dollar value. According to IntoTheBlock, large transactions refer to over $100,000. The increase in this metric is often linked to increased activity by whales or large owners who are buying or selling.
This situation meme coinIt could also be related to the big move recently made by the above-mentioned class of owners in . It has often been seen that the actions of large owners affect the price of SHIB. That’s what it looked like in the last 24 hours.
This was evident when SHIB spiked above the $0.0000075 level on June 18 to hit a nearly one-week high. After a sharp drop to the $0.000006 level on June 10, SHIB recovered to trade in a range as conditions slowly improved.
SHIB has seen a slight rebound from the oversold levels as seen on its daily RSI. However, it remained below the neutral mark.
The slight rise from the oversold levels is seen as SHIB marked four days in a row in the green, setting highs of $0.0000075 in the process. SHIB is currently seeing light take profits as some of the gains have eased.
SHIB is trading at $0.0000072 at the time of this writing. It has increased marginally in the last 24 hours, and 8% in the last seven days. SHIB is seeing a volume increase in trading volumes, which is the number of units exchanged by buyers and sellers. It rose 108% in the past day. According to CoinMarketCap data, a total of 24,293,142,331,977 SHIBs worth $175,068,453 were exchanged in the past 24 hours.