Shiba

Shiba Inu

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 <p>An unusually high volume of large trans<a rel="noopener noreferrer nofollow" title="action" href="https://thebittimes.com/tag/action.html">action</a>s has occurred with the Shiba Inu over the past two days, according to blockchain analytics firm IntoTheBlock.</p>
 <p>On October 17th and 18th, the platform recorded over $40 million worth of SHIB transfers worth at least $100,000. The totals equated to 5.56 trillion and 5.96 trillion SHIB moved, respectively. The spike in large trans<a rel="noopener noreferrer nofollow" title="action" href="https://thebittimes.com/tag/action.html">action</a>s follows two major SHIB transfers earlier this week that appear to be the primary drivers.</p>
 <p><strong>Also read:&nbsp;Basel Committee Proposes New Crypto Disclosure Rules for Banks</strong></p>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="290" src="https://cdn.thebittimes.com/images/2023/10/19/f26c941423169064976a519c4099cdb5.webp" alt class="wp-image-116370" srcset="https://cdn.thebittimes.com/images/2023/10/19/f26c941423169064976a519c4099cdb5.webp 1024w, https://cdn.thebittimes.com/images/2023/10/19/f26c941423169064976a519c4099cdb5.webp 300w, https://cdn.thebittimes.com/images/2023/10/19/f26c941423169064976a519c4099cdb5.webp 768w, https://cdn.thebittimes.com/images/2023/10/19/f26c941423169064976a519c4099cdb5.webp 1536w, https://cdn.thebittimes.com/images/2023/10/19/f26c941423169064976a519c4099cdb5.webp 380w, https://cdn.thebittimes.com/images/2023/10/19/f26c941423169064976a519c4099cdb5.webp 550w, https://cdn.thebittimes.com/images/2023/10/19/f26c941423169064976a519c4099cdb5.webp 800w, https://cdn.thebittimes.com/images/2023/10/19/f26c941423169064976a519c4099cdb5.webp 1160w, https://cdn.thebittimes.com/images/2023/10/19/f26c941423169064976a519c4099cdb5.webp 1722w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <h2 class="wp-block-heading" id="h-large-shiba-inu-transactions-occur-regularly">Large Shiba Inu transactions occur regularly</h2>
 <p>On October 16th, two singular transfers of over 1 trillion SHIB tokens occurred, valued at $11.5 million each. These two events likely induced follow-on activity.</p>
 <p>While large individual wallet movements occur regularly, seeing such an abnormal spike of high-value Shiba Inu trans<a rel="noopener noreferrer nofollow" title="action" href="https://thebittimes.com/tag/action.html">action</a>s is noteworthy for short-term price <a rel="noopener noreferrer nofollow" title="action" href="https://thebittimes.com/tag/action.html">action</a>.</p>
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 <p><strong>Also read: Shiba Inu Team Warns of Fake Telegram Channel Promoting Scam</strong></p>
 <p>Massive token shifting can signify increased intent for accumulation or distribution by major holders. It also reflects amplified trading volumes in the asset.</p>
 <p>For now, it remains unclear whether this spike in whales and institutions moving Shiba Inu is indicative of a coming price trend. However, the elevated activity shows heightened involvement from crucial large players within the ecosystem.</p>
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  <li>shib</li>
  <li>shiba inu</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-abnormal-spike-in-large-shib-transactions-recorded-tbt67004.html">https://thebittimes.com/shiba-inu-abnormal-spike-in-large-shib-transactions-recorded-tbt67004.html</a></p>

Shiba Inu: Abnormal Spike in Large SHIB Transactions Recorded

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