Shiba

Shiba Inu

Trillion

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There has been some unusual activity behind the scenes of the popular meme-inspired cryptocurrency,&nbsp;<a href="https://u.today/key-reason-why-btc-shib-xrp-ada-are-down-details" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a>, over the past 24 hours.&nbsp;
<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a> data indicates a significant increase in whale activity, with the Shiba Inu token experiencing a more than 282.8% spike in large transaction volume over the past 24 hours. This has led to a total of 1.97 trillion SHIB in large transactions of at least $100,000. In terms of money, the figure reached $25.81 million yesterday. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="d69ddcae-a101-4093-bb20-8ef0894e77ab" src="https://u.today/sites/default/files/inline-images/shibainu_3.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
All in all, there were 45 of these big transactions, which means that the average volume transacted by a&nbsp;<a href="https://u.today/mysterious-shiba-inu-lead-shytoshi-kusamas-birthday-arrives-shib-army-excited" rel="noopener noreferrer nofollow">Shiba Inu</a> whale in the last 24 hours was 43.77 billion SHIB — or about $574,700. This is five times higher than usual, which could signal that major players are jumping into the Shiba Inu market.
<h2 dir="ltr" id="why-now">Why now?</h2>
It is fair to ask this question, and the Shiba Inu price chart, which has developed in a rather unexpected way over the past 24 hours, can partially provide answers.&nbsp;
Yesterday, against the background of a sharp collapse of the crypto market, the&nbsp;<a href="https://u.today/xrp-skyrocketing-or-stalling-shiba-inu-shib-massive-breakthrough-still-real-tron-trx-finally" rel="noopener noreferrer nofollow">SHIB</a> price lost 5.99% of its opening price. As a result, quotes of the meme cryptocurrency reached a bottom not seen since the beginning of August at $0.0000124.&nbsp; <img alt=" &quot;&quot;" data-entity-type="file" data-entity-uuid="d2ef1a7c-9391-4d1a-ad80-62a041222557" src="https://u.today/sites/default/files/inline-images/shibbb_11.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
However, this dip was quickly bought back and, as a result, the price of the Shiba Inu token returned to the level of $0.000013. It can be assumed that the very surge of large transactions occurred at the moment of this very dip and further buyback.

Shiba Inu (SHIB) Hits Almost 2 Trillion in 24 Hours: What's Going On?

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