Shiba Inu (SHIB) Witnesses Unusual 1,314% Increase in Whale Activity Worth $64 Million

Shiba Inu (SHIB) Witnesses Unusual 1,314% Increase in Whale Activity Worth $64 Million

In a surprising turn of events, the Shiba Inu token (SHIB) has seen an extraordinary surge in on-chain dynamics, and whale transactions have witnessed an unprecedented rise in value. According to the blockchain analysis platform In the blockLarge transactions involving SHIB, valued at $100,000 or more, have skyrocketed, reaching a staggering 1,314% increase in the last 24 hours.

In a surprising turn of events, the Shiba Inu token (SHIB) has seen an extraordinary surge in on-chain dynamics, and whale transactions have witnessed an unprecedented surge in value. According to the blockchain analysis platform In the blockLarge transactions involving SHIB, valued at $100,000 or more, have skyrocketed, reaching a staggering 1,314% increase in the last 24 hours.

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The increase in whale transactions translates into a notable increase of $64 million in just one day, reflecting explosive growth from the $4 million just one day earlier.

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Fountain: In the block

The main catalyst behind this notable increase was the transfer of a staggering 4.23 trillion tokens from an anonymous wallet to Bitvavo, for a total of $44.46 million in SHIB.

This important transaction unfolded from a newly created wallet approximately 14 hours ago, adding a layer of mystery to the already captivating narrative.

SHIB price turns green

*At the same time, the Shiba Inu token saw an increase in price, currently trading at 0.00001071. This suggests a possible breakout, marking the highest token price range since the conclusion of the Shibarium project launch in late August. This new surge in both whale activity and token price suggests a compelling and possibly transformative phase for SHIB.

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SHIB to USD by CoinMarketCap

While SHIB enthusiasts watch these developments with a mix of excitement and anticipation, traders are left pondering the implications and future trajectory of this popular digital asset.

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With 5.52 trillion SHIB tokens exchanged in this whirlwind of on-chain activity, the Shiba Inu token is certainly making waves, holding its own in the crypto market.

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