Shiba Inu Witnesses Huge Transactions of Whales: What Does the 5.52 Trillion Transfer Mean?

Shiba Inu While on-chain transactions have become very active in the last 24 hours, the increase in whale transactions attracted attention. According to IntoTheBlock, the number of transactions involving $100,000 or more in SHIB tokens increased by 1314%.

The increase in whale transactions means that the transaction volume increased from $4 million the day before to $64 million in just one day.

shiba inu transfer

One of the main reasons behind this increase was that an anonymous wallet sent 4.23 trillion SHIB tokens worth $44.46 million to Bitvavo. Whale came at a time when activity was at its peak.

Koinfinans.com As we reported, the Shiba Inu price also increased during the same period and was traded at 0.00001071. This marks the highest token price range since the launch of the Shibarium project in late August, indicating a potential breakout. This new increase in both whale activity and token price SHIB It marks a challenging and possibly transformative phase for

However, the recent movement of 5.52 trillion Shiba Inu tokens also affects the thinking of investors, creating difficulty in predicting the direction of the trend.

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