Shiba

Shiba Inu

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 Cover image via <a href="https://u.today/">U.Today</a>
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As revealed thanks to data from&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=ownership&amp;chart=all">IntoTheBlock</a>, the volume of large transactions involving popular meme cryptocurrency&nbsp;<a href="https://u.today/shiba-inu-shib-torches-110-million-tokens-as-burn-rate-shoots-up-2355">Shiba Inu (SHIB)</a> has increased by over 400% in the past 24 hours.&nbsp;
Digging deeper into the data, the volume of large transactions rose from 1.4 trillion SHIB to 6.11 trillion SHIB, a 436% increase. In monetary terms, the volume of large transactions with the Shiba Inu token increased $42.75 million to $171.74 million, a 401.7% increase. Overall, the number of large transactions, which are defined as those totaling at least $100,000, rose to 276, 119 more than the day before.
The difference in monetary and in-kind growth in large transactions can be attributed to the decline in the price of the&nbsp;<a href="https://u.today/next-shiba-inu-shib-support-level-revealed">Shiba Inu</a> token in the period under review. The fact is that the price of SHIB has fallen by almost 7% in the last 24 hours. Moreover, it continues to fall at the moment, bringing the total decline to almost 15% since the beginning of the week.&nbsp;<a href="https://u.today/worldcoin-whale-suddenly-absorbs-billions-of-shiba-inu-shib">SHIB</a> is now trading at $0.0000262.&nbsp;
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="9146d572-a842-48cd-98c7-05b5fc0f2b70" src="https://u.today/sites/default/files/inline-images/shib_216.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=financials&amp;chart=largeTransactions">IntoTheBlock</a>
<h2 id="bulls-bears-and-whales">Bulls, bears and whales</h2>
Obviously, the rise in large token transactions is due to the rather sprawling price action of the Shiba Inu token. It is likely that a number of large players and SHIB holders added to this drawdown by selling their tokens.&nbsp;
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="54834a1f-68a1-415c-8e29-285255dd0ee3" src="https://u.today/sites/default/files/inline-images/shibtiusd.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/">CoinMarketCap</a>
But it cannot be denied that some of the big SHIB whales perceived the Shiba Inu token price slump as a discount and decided to strengthen their positions in this token on the contrary.
Who will prevail in Shiba Inu - bulls, bears, or whales - is perhaps one of the most interesting questions of the present time on the crypto market.

Shiba Inu (SHIB) Skyrockets 436% in Key On-Chain Whale Metric

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