Shiba

when

Million

Shiba Inu

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Shiba Inu (SHIB) has witnessed a significant surge in on-chain activity, with large transactions increasing by 50%, according to data from&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all">IntoTheBlock</a>. Over the last 24 hours, the volume of such transactions rose from 4.79 trillion to 7.23 trillion, reflecting heightened engagement from major players on the SHIB market.&nbsp;
This surge represents a substantial increase in money terms, climbing from $141.7 million to $219.23 million.
The uptick in large transactions suggests growing interest in the&nbsp;<a href="https://u.today/shiba-inu-news-massive-2-trillion-shib-exit-from-kucoin-amid-legal-storm">Shiba Inu</a> token among high-net-worth individuals, evidenced by the rise in transactions exceeding $100,000. In the past day, 539 such transactions were recorded, marking a notable increase compared to the previous day's figure of 418.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="c96fe02c-e22e-482f-a321-99d5d0890c99" src="https://u.today/sites/default/files/inline-images/shib_215.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all">IntoTheBlock</a>
One notable transaction drew attention when two trillion SHIB, valued at over $62 million, was moved to an unknown wallet amid regulatory issues at&nbsp;<a href="https://u.today/kucoins-suffers-from-500-million-exodus">KuCoin</a>, a major exchange. However, further analysis revealed that the recipient address was a hot wallet associated with the exchange itself.
<h2 dir="ltr" id="no-resistance-for-shiba-inu">No resistance for Shiba Inu</h2>
This surge in whale activity coincided with SHIB's price breaking through a key resistance level around $0.00003 per token. Following days of testing, the price surged to $0.000045 per SHIB. Currently, the price chart indicates a retest of the $0.00003 level, which, if maintained, could serve as a support level for SHIB's price.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="0fccd16e-2337-455c-b8ee-f5a0f4d106e5" src="https://u.today/sites/default/files/inline-images/shibprice_6.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/">CoinMarketCap</a>
With whale activity surging and the&nbsp;<a href="https://u.today/vitalik-buterin-makes-unexpected-shiba-inu-shib-post">SHIB price</a> turning decisively bullish, all eyes remain firmly fixed on Shiba Inu's next moves in the crypto arena.

Shiba Inu Rockets with $219 Million Whale Activity as SHIB Price Turns Bullish

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