Shiba

Bitcoin

Shiba Inu

Zero

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In a staggering turn of events, the&nbsp;<a href="https://u.today/shiba-inu-sees-50-surge-in-shibarium-activity-as-shib-price-finds-key-support" rel="noopener noreferrer nofollow">Shiba Inu token</a> has experienced an unprecedented surge, catapulting an astonishing 340% in on-chain activity within a mere 24-hour period. Data sourced from&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a> showcases a sudden influx of substantial transactions involving SHIB, thrusting the cryptocurrency firmly back into the limelight.
The volume of these significant transactions has surged from 1.28 trillion to a staggering 4.35 trillion tokens, resulting in a remarkable surge in USD value from $12.15 million to an eye-watering $41.37 million. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="3987e0b1-3cdb-41a1-85b2-495c0a511b25" src="https://u.today/sites/default/files/inline-images/shiba_3.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">IntoTheBlock</a>
Of particular note is IntoTheBlock's analysis, which focuses exclusively on transactions surpassing $100,000. It reveals a stark contrast from the previous day, with 34 such transactions recorded, indicating a diverse array of investors engaging with Shiba Inu tokens.
<h2 dir="ltr" id="shiba-inu-shib-price-review">Shiba Inu (SHIB) price review</h2>
Amid this surge in Shiba Inu token whale activity, attention naturally turns to SHIB's price action. Currently hovering at $0.0000096,&nbsp;<a href="https://u.today/shiba-inu-shib-price-eyes-deleting-one-zero-here-are-major-catalysts" rel="noopener noreferrer nofollow">SHIB</a> stands tantalizingly close to the coveted $0.00001 mark, marking a significant milestone in its price trajectory. Yesterday's report from U.Today highlighted SHIB's critical price support, suggesting a potential continuation of the rally if maintained. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="13dde758-c547-4053-845e-602658d17a86" src="https://u.today/sites/default/files/inline-images/shibusd.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Indeed, the recent surge aligns with broader market movements, with Bitcoin breaching the $50,000 threshold, potentially signaling the onset of an altcoin season. For SHIB enthusiasts eagerly anticipating the erasure of a zero from its price, replicating the performance of the past 24 hours could prove pivotal.
As the crypto landscape continues to evolve, all eyes remain firmly fixed on&nbsp;<a href="https://u.today/xrp-back-to-bottom-shiba-inu-shib-rally-stops-but-theres-still-hope-did-bitcoin-btc-reach-new-top" rel="noopener noreferrer nofollow">Shiba Inu</a> token's remarkable ascent, poised on the brink of a historic milestone that could redefine its trajectory on the market.

Shiba Inu Skyrockets 340% On-Chain as SHIB Price About to Erase Zero

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