Shiba Inu, has recorded a significant increase in an unprecedented surge of whale activity. According to IntoTheBlock data, whale transactions involving SHIB increased significantly in the last 24 hours, reaching $84.86 million.
A total of 10.36 trillion transactions were made in the last 24 hours, with 57 transactions exceeding $ 100,000 each. SHIB The token moved. This increase paints a very different picture from the previous day’s figures, when there were only 12 transactions involving large amounts of tokens and the total token volume did not exceed one trillion.
Moreover, this whale movement came at a time when the Shiba Inu price was quite stagnant. Despite market-wide conditions that have seen SHIB drop approximately 5% in value over the last 24 hours, with prices falling below $0.000009 per token, there is significant resilience. Notably, during this decline, the price of the meme coin did not revisit the local minimum level set the previous Friday, falling by $0.00000879.
Could the Shiba Inu Have Reached the Bottom Price?
On-chain data revealed significant whale activity, with 5.15 trillion Shiba Inu tokens moving in large transactions. Data over the last 24 hours show that this volume has almost doubled. But the real question is, could the whales have made these purchases, believing that the price had reached a bottom?
As the market speculates on the consequences of this increase in activity, the Shiba Inu community is wondering: Has the SHIB finally found the bottom, and the whales may be signaling a reversal of the rise.