Shiba

Shiba Inu

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In a sensational turn of events, the <a href="https://u.today/shiba-inu-beat-ethereum-shib-shows-surprising-resilience-amid-market-dip" rel="noopener noreferrer nofollow">Shiba Inu token (SHIB)</a> has staged a remarkable comeback against market bears, witnessing an unparalleled surge in on-chain activity.&nbsp;
According to data from blockchain analytics platform&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>, large transactions valued at $100,000 or more have skyrocketed by an astonishing 385% within the last 24 hours.
Behind the scenes, whale transactions involving SHIB have surged from $19.54 million to an eye-popping $69.32 million, resulting in the exchange of an astronomical 7.29 trillion SHIB tokens. This surge in whale activity not only underscores renewed investor interest but also signals a bullish shift in the market sentiment surrounding Shiba Inu. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="311e3b4f-e375-4561-b814-414a990b90a5" src="https://u.today/sites/default/files/inline-images/shib_174.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">IntoTheBlock</a>
On the price front, SHIB has rebounded with a 5.4% gain in the past 24 hours, recovering from the substantial drop witnessed on Monday across the broader cryptocurrency market.
<h2 id="shiba-inu-shib-price-outlook">Shiba Inu (SHIB) price outlook</h2>
Although SHIB has retracted from the coveted $0.00001 per token, it is still holding steady around $0.0000096. For many <a href="https://u.today/3-signs-shiba-inu-shib-will-have-exceptional-week" rel="noopener noreferrer nofollow">Shiba Inu</a> enthusiasts, this price level remains an attractive proposition, especially considering the token's value in early December. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="25a7bea5-bfc5-497f-96fb-703500882858" src="https://u.today/sites/default/files/inline-images/SHIB_1D_graph_coinmarketcap_8.jpeg">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Adding to the positive momentum is the surge in inflows from large <a href="https://u.today/new-shiba-inu-whale-holding-41-trillion-shib-born-details" rel="noopener noreferrer nofollow">SHIB</a> holders. Over the past 24 hours, this key indicator for the popular token has surged by an impressive 539%, reaching a volume of 5.61 trillion SHIB.&nbsp;
This influx highlights a significant accumulation of tokens in the wallets of Shiba Inu's largest whales. In stark contrast, outflows were notably lower, standing at 923.82 billion SHIB, emphasizing prevailing confidence among large holders.

Shiba Inu (SHIB) Roars Back at Bears With 385% Whale Activity Surge

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