Shiba

Shiba Inu

Trillion

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<a href="https://u.today/shiba-inu-burn-rate-skyrockets-28145-as-shib-price-reacts-surprisingly" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a>, a cryptocurrency that originally started as a meme, has seen a major spike in large transactions over the past 24 hours. According to data from leading 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>, the daily volume of large transactions in SHIB has increased by over 62%.&nbsp;
This brings the total volume of large transactions over the past day to 3.05 trillion SHIB, or $42.88 million in monetary terms.
The data for the metric only counts in transactions worth no less than $100,000 each. Since there were 82 of them, this means that the typical&nbsp;<a href="https://u.today/shytoshi-kusama-hails-big-new-shib-listing-on-top-us-exchange" rel="noopener noreferrer nofollow">Shiba Inu</a> whale transaction during this period was worth about 37.19 billion SHIB, or about $522,926.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="c410e78f-c81b-4883-a26f-0fa8a1aefb99" src="https://u.today/sites/default/files/inline-images/shibitb_10.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
If the average whale transaction in a 24-hour period is five times higher than the norm, making over half a million dollars, it can only mean that big investors are getting interested in the Shiba Inu market again.
Normally, such large fluctuations in on-chain activity are not unnoticed and serve as a harbinger of volatility and price disruption.&nbsp;
<h2 dir="ltr" id="shiba-inu-shib-price-outlook">Shiba Inu (SHIB) price outlook</h2>
In the recent case of the Shiba Inu token, we have yet to see any significant changes. Nevertheless, the price of&nbsp;<a href="https://u.today/shiba-inu-shib-can-now-be-used-as-collateral-on-major-us-exchange" rel="noopener noreferrer nofollow">SHIB</a> has managed to print some green candles in the last three days, with combined gains of 2.61%. As a popular meme goes, "It's not much, but it's honest work." <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="d0708bb5-1f06-45b6-9b16-37cb5b7cb296" src="https://u.today/sites/default/files/inline-images/shibprice_12.png">SIHB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
If the whale activity continues with SHIB, the popular meme-inspired cryptocurrency will get its big move. The direction of that move, however, is a question that is worth waiting for an answer.

Shiba Inu (SHIB) Above 3 Trillion in 24 Hours, Thanks to 62% Pump in Bullish Whale Activity

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