Large Shiba Inu (SHIB) Trades Jump 220% Amid Struggle for Balance

Most Shiba Inu (SHIB) growth metrics have turned green, setting the stage for a major price comeback for the second-largest meme coin. According to data from the cryptoanalysis platform IntoTheBlock (ITB), the large volume of Shiba Inu transactions has increased by 220.57% in 24 hours to reach a huge figure of 141.7 million dollars.

Shiba Inu Whale Perspective

According to the ITB platform’s definition of “large transactions”, they represent SHIB deals worth at least $100,000. When zoomed in, the data shows a significant increase in this metric in just two days. The number of these large transactions increased from 164 on March 26 to 418 on March 25.

SHIB’s valuation from this surge also jumped from 1.59 trillion tokens on March 26 to 4.79 trillion units as of March 25. As a meme currency with a deep affinity for Shiba Inu whales, large transactions also increased in dollar terms from $44.2 million to $141.7. millions of which it currently boasts.

Shiba Inu whales have always played an important role in increasing the price of Shiba Inu. This visible increase in large transactions comes at a time when Shiba Inu is planning a major overall recovery. At the time of writing, Shiba Inu is changing hands for $0.00002966, up 6.56% in the last 24 hours.

Sustainable disruption imminent?

Since Shiba Inu erased a zero from its price, it has maintained a relatively positive growth streak overall. Although the token has given way to the bearish decline of recent weeks, it has maintained a growth of 18.37% in the last seven days.

Shiba Inu now looks set to retest the $0.00003 level after it fell from this level on March 16. With the metrics turning green once again, SHIB may be on its way to an ultra-bullish breakout.