Shiba

Million

Foundation

Notable

Shiba Inu

<div class="watcher-guru">
 <p>Shiba Inu has sustained elevated trans<a rel="noopener noreferrer nofollow" title="action" href="https://thebittimes.com/tag/action.html">action</a> volumes on its network even as its price drops amid a wider crypto market decline.</p>
 <p>According to data from IntoTheBlock, SHIB saw $4.48 trillion in 24-hour trans<a rel="noopener noreferrer nofollow" title="action" href="https://thebittimes.com/tag/action.html">action</a> volume on October 9th. This came after volume spiked from $1.76 trillion on October 7th to nearly $4.7 trillion on October 8th. The totals suggest high on-chain activity despite SHIB trading up by just 1% over the past 24 hours, around $0.00000689.</p>
 <p><strong>Also read:&nbsp;Sam Altman Talks About US Govt’s Crypto Clash on Joe Rogan</strong></p>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/10/11/ef32d87540c4ae6f6f28a8b1776b35d7.webp" alt class="wp-image-114351" srcset="https://cdn.thebittimes.com/images/2023/10/11/ef32d87540c4ae6f6f28a8b1776b35d7.webp 1024w, https://cdn.thebittimes.com/images/2023/10/11/ef32d87540c4ae6f6f28a8b1776b35d7.webp 300w, https://cdn.thebittimes.com/images/2023/10/11/ef32d87540c4ae6f6f28a8b1776b35d7.webp 768w, https://cdn.thebittimes.com/images/2023/10/11/ef32d87540c4ae6f6f28a8b1776b35d7.webp 380w, https://cdn.thebittimes.com/images/2023/10/11/ef32d87540c4ae6f6f28a8b1776b35d7.webp 550w, https://cdn.thebittimes.com/images/2023/10/11/ef32d87540c4ae6f6f28a8b1776b35d7.webp 800w, https://cdn.thebittimes.com/images/2023/10/11/ef32d87540c4ae6f6f28a8b1776b35d7.webp 1160w, https://cdn.thebittimes.com/images/2023/10/11/ef32d87540c4ae6f6f28a8b1776b35d7.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <h2 class="wp-block-heading" id="h-shiba-inu-holders-actively-moving-funds">Shiba Inu holders actively moving funds</h2>
 <p>Surging trans<a rel="noopener noreferrer nofollow" title="action" href="https://thebittimes.com/tag/action.html">action</a> volumes can signal both trading activity and non-speculative token movement. It can often hint at trend reversals brewing during periods of volatility.</p>
 <p>The data indicates that SHIB holders are actively moving tokens around amid recent selling pressure. The increased volume may suggest panic selling along with possible accumulation by large investors.</p>
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 <p><strong>Also read:&nbsp;Ethereum Foundation Sold 1,700 ETH for $2.74 Million USDC</strong></p>
 <p>This diverges from the typical pattern where trans<a rel="noopener noreferrer nofollow" title="action" href="https://thebittimes.com/tag/action.html">action</a> activity declines during sell-offs. SHIB’s network sustaining high volumes hints at continued engagement even as prices falter.</p>
 <p>Ongoing uncertainty makes it difficult to predict where SHIB may trend next in the short term. But its atypically high on-chain activity shows traders remain attentive to price action.</p>
 <p>If the elevated trans<a rel="noopener noreferrer nofollow" title="action" href="https://thebittimes.com/tag/action.html">action</a> volumes persist, it could foreshadow an impending recovery rally. For now, SHIB holders appear undeterred by negative momentum in the overall market.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>shib</li>
  <li>shiba inu</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-records-notable-4-48t-shib-in-transaction-volume-tbt65874.html">https://thebittimes.com/shiba-inu-records-notable-4-48t-shib-in-transaction-volume-tbt65874.html</a></p>

Shiba Inu Records Notable 4.48T SHIB in Transaction Volume

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