Shiba

when

Shiba Inu

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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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Strange things are happening behind the scenes of the popular meme-inspired cryptocurrency&nbsp;<a href="https://u.today/shiba-inu-shib-fighting-off-bears-in-unusual-way" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a>, as a key metric that characterizes whale activity suddenly spiked by over 240%.&nbsp;
According to 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>, the Large Transactions Volume stat has shown a surge from 326.98 billion SHIB to 781.4 billion SHIB in the past 24 hours. It is worth noting that only transactions of at least $100,000 made the cut - there were 45 of them in the period under review.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="b871718d-aaaa-4f42-b059-7e7571ce533d" src="https://u.today/sites/default/files/inline-images/shibitb_8.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
Translating this data into dollar value, large holders' transaction volume jumped from $4.61 million to $10.47 million over the past day.
<h2 dir="ltr" id="under-the-radar">Under the radar</h2>
Clearly, there is a spike in activity from the largest participants, with a particular emphasis on the&nbsp;<a href="https://u.today/shiba-inu-community-on-telegram-must-pay-close-attention-heres-why" rel="noopener noreferrer nofollow">Shiba Inu</a> token.&nbsp;
U.Today also reported on this yesterday, when the price and volume of SHIB skyrocketed by 5% in a short period of time, driven by increased buying. Such bursts of activity by large investors can also be seen on the price chart of the 13th largest cryptocurrency.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="720e600a-c372-4319-87b9-53e9d9c81bc1" src="https://u.today/sites/default/files/inline-images/shibusd_2.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Today, the price of&nbsp;<a href="https://u.today/shiba-inu-shib-fighting-off-bears-in-unusual-way" rel="noopener noreferrer nofollow">SHIB</a> is up more than 4.3%, which can be interpreted as a result of whale buying in the last 24 hours, with the token once again breaking above $0.000014.&nbsp;
Whether this trend will continue and where it will take the price of Shiba Inu is an open question.

Shiba Inu (SHIB) Spikes 240% in Key Stat as Whale Activity Unveiled

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