Shiba

Shift

Shiba Inu

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In a startling turn of events, the Shiba Inu token has experienced a meteoric rise, surging a staggering 514% in on-chain activity within the last 24 hours. This revelation comes from data provided by&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>, shedding light on a sudden influx of large transactions involving SHIB.
The volume of these substantial transactions with SHIB soared from 544.71 billion to a whopping 2.82 trillion tokens, translating to a remarkable surge in USD value from $4.88 million to $25.05 million. Notably, IntoTheBlock only takes into account transactions exceeding $100,000 in this analysis, and over the past day, there have been 33 such transactions. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="90faeaed-aa14-40cb-81e2-9ce0eeec213e" src="https://u.today/sites/default/files/inline-images/shibabb_0.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">IntoTheBlock</a>
This surge arrives on the heels of a prolonged period of minimal activity among whales in the&nbsp;<a href="https://u.today/ryoshi-v-shibarium-heres-whats-known-about-new-l2-with-shib-as-native-token" rel="noopener noreferrer nofollow">Shiba Inu</a> token ecosystem. Following a sharp decline in late January, large&nbsp;<a href="https://u.today/dogecoin-doge-surpasses-shib-pepe-floki-by-these-major-metrics" rel="noopener noreferrer nofollow">SHIB</a> transactions had nearly ground to a halt for approximately a week. However, it appears this lull was merely temporary.
<h2 dir="ltr" id="all-eyes-on-shib">All eyes on SHIB</h2>
With the return of significant players to the Shiba Inu network, attention is now riveted on the trajectory of SHIB's price. Observers note that SHIB has been in an accumulation phase over the past two weeks, characterized by subdued volatility and relatively unremarkable price movements.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="c80d21a0-0e84-4ce4-94af-e4ad9f72946c" src="https://u.today/sites/default/files/inline-images/shibbbb_3.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Yet, the resurgence of prominent investors hints at potential seismic shifts in the&nbsp;<a href="https://u.today/16-trillion-shiba-inu-in-last-24-hours-is-shib-getting-ready-for-run" rel="noopener noreferrer nofollow">SHIB price</a> in the immediate future.
As the crypto market braces for what could be a significant upheaval in Shiba Inu's fortunes, investors are poised on the edge of their seats, anticipating the next big move in this increasingly captivating digital asset landscape.

Shiba Inu Skyrockets 514% On-Chain as Whales Shift Trillions of SHIB

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