It has come to light, thanks to data from In the blockthat the volume of large transactions involving the popular meme cryptocurrency Shiba Inu (SHIB) has increased by 165% in the last 24 hours, from 3.73 trillion SHIB to 6.18 trillion SHIB.
It has come to light, thanks to data from In the blockthat the volume of large transactions involving the popular meme cryptocurrency Shiba Inu (SHIB) has increased by 165% in the last 24 hours, from 3.73 trillion SHIB to 6.18 trillion SHIB.
In monetary terms, this change was reflected in an increase in transaction volume from $82.69 million to $138.2 million. In total, during the last day, 241 transactions of this type were carried out with whales, as the main players in the cryptocurrency market are called. It is important that only those transactions whose size amounted to at least $100,000 are taken into account.
More SHIB inside than outside
Digging deeper into the data, we learn that large volume movements of the popular Shiba Inu meme cryptocurrency over the past 24 hours come primarily from inflows to whale wallets.
Therefore, the number of entries into wallets containing at least 0.1% of the circulating supply of SHIB amounted to 2.44 trillion. Outflows from these portfolios during the period analyzed amounted to SHIB 2.26 trillion. As a result, the net flow of large Shiba Inu holders during the analyzed period amounted to 180.46 billion SHIB, 130% more than the previous day.
As one of the most popular meme cryptocurrencies, the recent increase in SHIB trading volume indicates a higher level of activity and participation within the market. Going forward, the implications of this increase in whale trading on Shiba Inu remains to be seen, with market participants closely monitoring developments within the SHIB ecosystem.
