leading meme coin Shiba Inu, experienced a marked increase in whale activity. According to the latest data, large transactions involving SHIB increased by 454.16% since yesterday, reaching a volume of $112.96 million. In the last 24 hours, 34 large transactions were made, each worth more than $100,000.
Large transaction volume, 2.18 trillion on February 21 SHIBIt rose to 11.77 trillion SHIB on February 22, reaching the highest level in the last seven days. Additionally, a 25.33% increase in daily active addresses was seen, indicating increased activity on the Shiba Inu blockchain.
Large trading volumes give an idea of the total amount traded by whales in a day, and increases can indicate significant buying or selling activity.
As we reported as Koinfinans.com, Shiba Inu bulls, meme coin It failed to increase its price above $0.00001, and prices fell to $0.00000996 on February 20. Since then, prices have decreased steadily, and this downward trend continues as of the time the news was prepared.
Currently, SHIB is down 2.14% in the last 24 hours to $0.0000094, which is due to the price decline in the overall crypto market. If the day ends with a loss, SHIB will have recorded a decline in three of the last four days.
An important indicator that Shiba Inu owners maintain a long-term perspective is the Holding Time for Traded Coins indicator. This indicator, which has increased by 652.17% in the last seven days, may indicate that investors are confident in the long-term prospects of the market and are ready to hold their coins for a long time.
An indicator of the holding period of traded coins can provide valuable information about investor confidence and market sentiment. According to IntoTheBlock data, the average holding period for coins traded on February 22 was one year.
