Data has shown an increase in activity for Shiba Inu whales, teasing what could be a catalyst for an uptrend. Notably, the past few days have seen a surge in whale transactions, with data revealing a 340% increase in the volume of these large transactions.
With SHIB now trading below $0.00003 and forming support at the $0.0000257 level, could the surge in whale transactions turn price action on its heels and lead to a surge?
Whale Transactions See 340% Surge
Shiba Inu is home to a lot of whale investors, with large holders holding 73% of the total circulating supply as shown by IntoTheBlock data. As a result, activity from these whales is known to move the market, particularly when they move large amounts of coins.
According to data from ITB, the volume of whale transactions jumped up from 1.4 trillion SHIB on March 21 to 6.16 trillion SHIB in the past 24 hours, representing a surge of over 340% in the space of a few days.
ITB’s large transaction metric tracks the nu
We współpracy z: https://bitcoinist.com/shiba-inu-whale-transactions-2/
