WhaleStats’ analysis of the 100 largest Shiba Inu (SHIB) whales reports 24-hour trading volume for this address category exceeding 317%. Active addresses in this whale category increased by 40%.
As SHIB whales increased activity, transaction volume increased by over 317%
Moreover, according to IntoTheBlock data, Shiba Inu whales have been in the last 24 hours as the number of large transactions has increased by 24%. seems more active within hours. Large transactions are those that moved over $100,000, and an increase could mean massive activity among institutional players or whales buying or selling. As a result, the Shiba Inu has once again become the largest token position for the top 100 ETH whales in terms of dollar value.
Shiba Inu to become the largest HODL among the top 2,000 ETH whales continued
These top wallets currently hold $1,210,850,345 worth of SHIB. The Shiba Inu is trading like the rest of the market amid recent widespread declines. At the time of writing, SHIB is trading at $0.00001996, down 1.43% in the last 24 hours, according to CoinMarketCap data. As for price prediction, David Gokhshtein, founder of Gokhshtein Media and former US congressional candidate, believes the Shiba Inu has a great formation. However, he thinks the next 12 months could be key for the Shiba Inu.
Latest Shiba Inu news
Cryptocoin. com news, leading crypto exchange Binance recently announced that it has added a new Shiba Inu pair, SHIB/GBP. In response to community feedback, the Shiba Inu team recently announced that the land can now be purchased with the Shiba Inu in SHIB: The Metaverse and will share the land’s mint details with Shiba. Also, the Shiba Inu gained new users this week. According to WhaleStats, the total number of SHIB holders is currently 1,144,895. While an increase in the number of wallets may not have an immediate effect on the price, it can trigger interest over time.
Shib burn news
According to reports, more than 25 billion Shiba were burned in the first week of the SHIB burn portal operation. By moving the SHIB to a burning address, users can permanently remove them from the circulating supply. In this way it is possible to make it a little more scarce and potentially increase its value.
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